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Decentraland is a Decentralised virtual reality platform powered by the Ethereum blockchain, enabling users to create, experience, and monetize content and applications within a digital universe. Users claim ownership of virtual land parcels, marked by cartesian coordinates, by purchasing LAND with an ERC-20 token called MANA. Decentraland's virtual land is finite, non-fungible, and transferable, allowing users full control over the environments they create. Unlike centralised virtual worlds, Decentraland operates autonomously without an overarching authority, promoting an open economic system that's built, owned, and governed by its community, fostering a new dimension where digital commerce, social interaction, and creativity converge.
