{"id":10553,"date":"2023-03-01T04:56:12","date_gmt":"2023-03-01T04:56:12","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10553"},"modified":"2022-05-17T09:09:15","modified_gmt":"2022-05-17T09:09:15","slug":"what-is-decentraland-the-real-estate-metaverse","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-decentraland-the-real-estate-metaverse","title":{"rendered":"What is Decentraland? The real estate metaverse"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-decentraland-the-real-estate-metaverse\/#what_is_decentraland\" >What is Decentraland?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-decentraland-the-real-estate-metaverse\/#what_is_land_and_mana\" >What is LAND and MANA?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-decentraland-the-real-estate-metaverse\/#land\" >LAND<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-decentraland-the-real-estate-metaverse\/#mana\" >MANA<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-decentraland-the-real-estate-metaverse\/#how_does_decentraland_work\" >How does Decentraland work?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p><strong>Decentraland is one of the most recognized NFT platforms,\u00a0<\/strong>not only for its resemblance to Second Life or Habbo in terms of the social interaction you can have within its virtual world, but also for its profitability.<\/p>\n<p>As of January 2021, they have two million users from different countries and\u00a0<strong>more than 183 million transactions in their marketplace.\u00a0<\/strong><\/p>\n<p>Likewise, it is based on an interesting premise:\u00a0<strong>you can earn money while you explore, create and experiment<\/strong>\u00a0in other areas of the game.<\/p>\n<p>Want to know how Decentraland manages to be so special in the eyes of many users? Get ready!<\/p>\n<p>Let\u2019s take a small but complete tour of Decentraland,\u00a0<strong>the virtual land that promises thousands of dollars for gamer communities.\u00a0<\/strong><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_decentraland\"><\/span>What is Decentraland?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Decentraland is a virtual reality platform based on the\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-ethereum-eth-and-how-does-it-work\/\">Ethereum<\/a>\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/\">blockchain<\/a>.<\/p>\n<p>In it,\u00a0<strong>its users can buy and sell digital real estate<\/strong>, while playing and exploring all the metaverse that Decentraland has to offer.<\/p>\n<p>It was launched in 2017 by the Decentraland Foundation, an organization founded by Argentines Esteban Ordano and Ari Meillich,\u00a0<strong>after managing to raise more than 80 thousand ether\u00a0<\/strong>($26 million by then).<\/p>\n<p>As its name suggests,\u00a0<strong>it is a decentralized land<\/strong>. Therefore, its platform was launched as a\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dao\/\">DAO (decentralized autonomous organization)<\/a>\u00a0to make it easier for its users to manage projects and other aspects of Decentraland.<\/p>\n<p>Indeed,\u00a0<strong>it functions as a software\u00a0<\/strong>whose objective is to promote the existence of a network of\u00a0<strong>users who share different experiences within a virtual world.\u00a0<\/strong><\/p>\n<p>For this purpose, Decentraland\u2019s virtual universe\u00a0<strong>is divided into 90,601 individual LAND parcels, which can be purchased via MANA.<\/strong><\/p>\n<p>Here we start with slightly different terms, so let\u2019s go step by step.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1590198244\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland1.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland1-300x205.jpg 300w\" alt=\"\u00bfQu\u00e9 es Decentraland? El metaverso de los bienes ra\u00edces\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland1-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland1.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_land_and_mana\"><\/span>What is LAND and MANA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>There are two types of tokens that govern Decentraland\u2019s operations and, therefore, two ways to earn money:<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"land\"><\/span><b>LAND<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is a\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-are-nft-tokens-and-how-do-they-work\/\">non-fungible token (NFT)<\/a>\u00a0of type ERC-721<strong>\u00a0that represents the \u201cparcels\u201d or land within Decentraland.<\/strong><\/p>\n<p>It\u2019s like if in Minecraft, instead of searching for hours for a good area where to build your hut, immediately before you buy a portion of cubes in which you will live, like real real real estate.<\/p>\n<p>If you are worried about getting lost when buying your space, you can rest assured that\u00a0<strong>Decentraland can track the specific coordinate through a\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-smart-contract\/\">smart contract<\/a><\/strong>. Subsequently, you can develop whatever you want on it.<\/p>\n<p>Each of these\u00a0<strong>\u201cLANDS\u201d measure approximately 10 square meters<\/strong>, which you can see for sale on the Decentraland marketplace or on other platforms such as\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-opensea-the-ebay-of-nfts\/\">OpenSea<\/a>.<\/p>\n<p>For example,<strong>\u00a0you can buy more LAND and make your own districts, create games, applications, services or events<\/strong>\u00a0with the Decentraland SDK, as well as lease or resell them to other users. Honestly, it\u2019s a world of possibilities where anything goes.<\/p>\n<p>As of January 2021, one of Descentraland\u2019s districts, called Aetheria has become the largest and most eye-catching for its cyberpunk theme and its possession of\u00a0<strong>8 thousand lands.\u00a0<\/strong><\/p>\n<p>However,\u00a0<strong>in order to purchase these LAND tokens or other in-game items, you will need MANA.\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"mana\"><\/span><b>MANA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>MANA is Decentraland\u2019s native ERC-20 token that\u00a0<strong>enables purchases of LAND and other goods and services<\/strong>\u00a0that are offered by players within Decentraland.<\/p>\n<p>However, also MANA tokens have an essential role, since, by means of a smart contract, D<strong>ecentraland allows its holders to vote on Decentraland\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-cryptocurrency-governance-system\/\">governance<\/a>\u00a0aspects<\/strong>\u00a0such as:<\/p>\n<ul>\n<li>\n<ul>\n<li>Grants for new metaverse projects.<\/li>\n<li>Game policy updates where rule changes are necessary.<\/li>\n<li>Increase and replacement of content servers.<\/li>\n<li>Size of market rates.<\/li>\n<li>Primary sales rates.<\/li>\n<li>Replacement of security council members.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_78411625\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland2.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland2-300x205.jpg 300w\" alt=\"\u00bfQu\u00e9 es Decentraland? El metaverso de los bienes ra\u00edces\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland2-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-Decentraland2.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_decentraland_work\"><\/span>How does Decentraland work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>In order to function, it uses different layers using the smart contracts of Ethereum\u2019s blockchain technology. T<strong>hese layers are used to extend the capabilities of the software<\/strong>\u00a0and thus control what happens.<\/p>\n<h4><b>Layer 1: Consensus\u00a0<\/b><\/h4>\n<p>Remember I mentioned that there is no way for you to lose your LAND?<\/p>\n<p>It is because of this layer,\u00a0<strong>whose purpose is to<\/strong>\u00a0<strong>track the properties<\/strong>, their owner and has a file\u00a0<strong>with a description of the contents within that parcel.<\/strong><\/p>\n<p>Basically, it\u2019s like a real estate company doing a check of your apartments, but automated.<\/p>\n<h4><b>Layer 2: Content<\/b><\/h4>\n<p>In this layer, the contents of the plot are specified in more detail, since<strong>\u00a0it includes all the audiovisual elements of the plot.<\/strong><\/p>\n<p>It also allows<strong>\u00a0interactions between other players to be displayed<\/strong>, such as gestures, voice chat or messaging to react to plot material.<\/p>\n<h4><b>Layer 3: Real time<\/b><\/h4>\n<p>Hand in hand with all the layers,\u00a0<strong>this is where social interactions are managed<\/strong>, such as user avatars, the quality of voice chat and the way messages are sent during the game.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>So much for our journey.<\/p>\n<p><strong>If you are interested in reading more articles associated with the news of the crypto universe,<\/strong>\u00a0blockchain gaming and the world of NFT,<strong>\u00a0you can click on the topics below.<\/strong><\/p>\n<p>We also have our own website where you can<a href=\"https:\/\/www.bitnovo.com\/en\/buy\/ethereum\/\"><strong>\u00a0buy Ethereum<\/strong><\/a>\u00a0and get started in Decentraland easily, quickly and securely.<\/p>\n<p>See you next time!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Decentraland is one of the most recognized NFT platforms,\u00a0not only for its resemblance to Second Life or Habbo in terms of the social interaction you can have within its virtual world, but also for its profitability. As of January 2021, they have two million users from different countries and\u00a0more than 183 million transactions in their [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-10553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10553"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7620"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}