What is Decentraland?

25 Mar 2020. Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, discover, experience, monetize content and application.

Is Decentraland the next big social network?

Others suggested Decentraland's market cap undersold a project with the potential to become the next big social network, a thriving commercial city, and the portal to a new kind of "spatial" internet – wrapped in a single package. In today's piece, we'll explore these differing perspectives and unpack some of the trends animating the space.

How much is Decentraland worth?

In March 2023, Decentraland had an estimated market valuation of $1.1 billion. 6 Users create their unique environments, marketplaces, and applications using Decentraland’s three native tokens: LAND, Estate, and MANA. ERC-721 tokens, like LAND and Estate, make each token unique.

What are the use cases for Decentraland?

Other use cases for Decentraland include 3D design, education, and virtual tourism. Digital collectibles are another area. In the same way that users can create and share digital assets on platforms like Enjin, Decentraland offers similar opportunities in their virtual world.