Decentraland is a virtual reality platform powered by blockchain technology. It allows users to create, experience, and monetize content and applications in a decentralized virtual world. In Decentraland, users can buy, sell, and trade virtual land as non-fungible tokens (NFTs), which are unique digital assets that can be owned and transferred.
The platform is built on the Ethereum blockchain, and its native cryptocurrency is MANA. Decentraland’s economy is driven by a combination of user-generated content, virtual real estate ownership, and gaming experiences, which can all be accessed through the platform’s 3D immersive environment. The Decentraland community is actively involved in shaping the direction of the platform, and it is designed to be fully owned and operated by its users.