Decentraland is a Virtual Reality Ethereum DApp where users or players can create their own world when they buy land in Decentraland.
It is the first decentralized VR platform.
Here's a short introductory video created by the Decentraland team to explaining what Decentraland is.
Decentraland is different from other VR platforms because it leverages the power of blockchain technology to make Decentraland decentralized by storing information about ownership and content on the Ethereum blockchain. Users or players have complete control over what they can do with the lands they buy there on Decentraland.
Decentraland is powered by an ERC-20 token, MANA token, which is basically used for purchases inside Decentraland.
The idea of creating a virtual world in VR and interacting in it is very interesting and generated a lot of interest late last year. MANA token reached an all time high of $0.25 late December (although the market experienced an abnormal bullrun during that period).
Since land is scarce, if Decentraland takes off as a game, then MANA and LAND will appreciate, basically like land in the real world.
This is entirely a gamble though. The axe might swing any way.
MANA is a token to HODL if you believe that the team is capable of developing a blockchain game that users or players will find entertaining.
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