Decentraland is a blockchain-based virtual world platform designed to solve the problem of platform operators earning intermediate platform profits for decentralized open source projects, so as to achieve a low-price payment model between content creators and game players ;The project uses blockchain technology to obtain and transfer virtual property rights, and allows users to permanently hold these virtual property rights, and even operate them to create profits for their own content; there is no intermediary fee, which is the largest in Decentraland characteristic.

Project Highlights

The biggest difference between the Decentraland project and other virtual space VR projects is that Decentraland is a decentralized system, which proves that the Decentraland space is owned by everyone and is a virtual space hidden in the Internet world, not a certain company. The space created by the company by running the server has no intermediary fees. This is the biggest feature of Decentraland. Using this space does not require anyone’s consent. As long as you run the program and connect to the network, you can use it; secondly, decentralization The structure of Decentraland makes Decentraland run more stable and less vulnerable to attacks; another point is that Decentraland uses blockchain to record user ownership. Through an identification system, users will be able to track and verify whether a content has been obtained by the original creator through encrypted signatures. agreed. This is the first blockchain-based virtual world platform, you can have your own virtual space, and you can control your own virtual space, publish your own applications to create value, such as publishing your own knowledge on the virtual space platform On the other hand, players can make low-cost payments directly on the virtual world platform.

Application Scenarios
Users can create, experience, and even rely on the development platform content and program experience to gain benefits in the Decentraland world.

Identity Authentication System
Decentraland's territorial ownership is an identity authentication system. In this system, the authentication information is the coordinates of the territory. Setting financial incentives is necessary to ensure creators continue to create and distribute avatars, items, and scripts. Since content can be copied arbitrarily, we must rely on some social consensus to enforce penalties.

Social consensus makes digital scarcity possible. In a centralized system, the company that creates the platform is protected against scarcity. But with Bitcoin and other proof-of-work blockchains, the computational difficulty and economic cost of mining a block necessarily creates scarcity.

Decentraland can use a decentralized identity system to create a layer of ownership over items in the virtual world. Such systems must allow users to easily verify the founder's consent by linking public keys and signatures with human-readable names.

Projects like uPort or Ethereum Naming Service can be used. Social reputation also needs to be used to facilitate founder contributions.

In a decentralized economy, the ability to incentivize content creation evolves very rapidly. Potential solutions include Mediachain16, Basic Attention Token, Curation Markets, and Rare Pepes, among others.

Economic System

1. Territories and MANA Tokens
With the advent of the Iron Age, two digital assets were introduced: Territories (assignable, but non-fungible in this virtual world); and MANA token (ERC20 token, burnt can be used to acquire territories and purchase goods and services).

The usefulness of a territory is based on its proximity to the center of interest, its ability to support applications, and its usefulness as an authentication mechanism. Because developers and other content creators need territories, they will build applications on territories and reach target users. Although all unclaimed claims can be purchased at the same exchange rate (1000 MANA = 1 claim), there is a big difference between a claim and a claim. Due to the distance and flow of territories from the center of attention, their prices in the secondary market will also vary greatly.

On the other hand, MANA will serve as a proxy for measuring new territories. Moreover, MANA can be used to purchase goods and services, creating utility value for the token.

2. Establish a network
Territory ownership needs to be obtained through the ERC20 token MANA. MANA can bring value into the Decentraland network and buy new territories. MANA can also be used to purchase goods and services in the Decentraland world.

To jump-start the network, developers and content creators will be rewarded for setting up stores in Decentraland. The Foundation runs competitions to create art, games, apps, and experiences, with awards for achievement. At the same time, new users can also share allowances, so that they can immediately participate in this economic system. These economic incentives help build the utility of the Decentraland network until it can independently attract users and developers.

Main purpose of the token

The project token MANA can be used to purchase land in the game, as well as virtual game goods and services. Users can use the token MANA to buy land, and 1000 MANA can buy a piece of land. Users can resell the land, and the price of the land will vary according to the location and the degree of construction.

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