Decentraland, represented by the token MANA, was established in 2017. It was founded by Esteban Ordano and Ariel Meilich, concurrent with the launch of its official website.

It is built on the Ethereum network and offers a virtual reality platform where users can purchase LAND. LAND is a unique token representing a specific location within the virtual world.

Moreover, Decentraland encourages its users to contribute to a shared virtual reality experience. LAND grants ownership of a specific location within the virtual world. On the other hand, MANA serves as the currency used to purchase LAND on the marketplace. The platform provides an immersive experience for users, enabling them to interact with others, make in-world payments, play games, and consume virtual content.

All in all, Decentraland is creating a revolutionary online space where users are empowered to make decisions about their environment. By leveraging decentralized governance, the platform enables unprecedented levels of autonomy and control for its users.

Therefore, as more developers and users continue to join the ecosystem, Decentraland is poised to become a major player in the growing world of blockchain-based applications and platforms.

How Does Decentraland Work?

The Decentraland app is designed to manage virtual real estate represented by LAND tokens. It utilizes the Ethereum blockchain to maintain ownership records, and users must hold MANA tokens in an Ethereum wallet to participate in the ecosystem. Additionally, developers can create and implement animations and interactions within the platform on their virtual properties.


Decentraland is a groundbreaking virtual landscape using Ethereum smart contracts to maintain ownership of land parcels. Every parcel has its own unique location, owner and file contents that are managed by solving complex puzzles in the content layer.

Moreover, the content layer manages the activities within each parcel and includes various files required for rendering them.

Marketplace and Builder

Decentraland is the ultimate gaming experience, with an innovative marketplace and easy-to-use scene editor. Buyers can acquire LAND tokens using MANA currency to purchase parcels of virtual land, custom wearables and unique names.

All in all, the Decentraland virtual world provides a revolutionary platform for creating and enjoying interactive experiences. By utilizing Ethereum wallets, all Decentraland transactions are securely verified and recorded on the blockchain. This way, making sure users can create safe, unique experiences in their very own parcels of LAND with access to powerful customization tools backed by secure payment gateways.

Decentraland Development

Decentraland is a virtual world owned by its users. It was founded in 2017 by Argentine blockchain professionals Ari Meilich and Esteban Ordano. First, it was conceived as an experiment to explore the concept of assigning digital property rights on decentralized networks.

Over time, they expanded their vision into crafting a 3D environment where people could create communities that would be accessible from anywhere in the world without censorship or restrictions.

Later, in 2017, Decentraland’s innovative concept of virtual land parcels garnered the attention and investment from around the world during its initial coin offering (ICO). As a result, it raised over $26 million. Fast forward to April 2021 when Non-Fungible Token popularity skyrocketed, with some digital land parcel prices reaching as high as six figures.

In the beginning, people had purchased these parcels for just $20 and MANA tokens at 2 cents. This is a prime example of how one idea can become incredibly lucrative if executed well.

Nevertheless, MANA’s limited supply and subsequent volatility have generated notable interest, culminated in a spike in value after key events. Most notably was Facebook’s rebrand to Meta. Without a doubt the push signified their confidence in the metaverse, which led to make an unprecedented acquisition of its land – sending MANA soaring to $5.90 near late November.

Decentraland FAQ

Who are the founders of Decentraland?

As has been noted, Esteban Ordano and Ariel Meilich founded Decentraland. Since its inception in 2015 with the “Stone Age” version of 2D pixel grids that signify ownership within this digital world, Decentraland has grown steadily to revolutionize entertainment experiences online.

In 2016, the Decentraland team moved into a revolutionary new phase of development called the Bronze Age. The 3D world that resulted included individual plots and incorporated an innovative P2P network to provide users with enhanced opportunities for creating apps, interactive content and enabling interaction with each other. As a result, this culminates in Ethereum acting as a powerful computer powering this metaverse ecosystem known as Decentraland.

How Is the Decentraland Network Secured?

Decentraland utilizes TypeScript coding for creating virtual scenes within its metaverse2 ledger. The platform is secured by the Decentraland protocol and Ethereum blockchain, ensuring the protection of users’ ownership over LAND parcels. The system tracks and records all transactions on the VR platform.

Additionally, the community is encouraged to participate in the security of the network by identifying and reporting any potential bugs or vulnerabilities, in exchange for a reward.

What Makes Decentraland Unique?

Decentraland is a decentralized virtual reality platform that allows users to interact and communicate with each other while also granting ownership of virtual land in the Decentraland metaverse. Therefore, the platform operates without a central authority. In this way, allowing users to develop their LAND parcels purchased with MANA and utilize the system’s functions.

Subsequently, the decentraland ecosystem records all actions and interactions, enabling users to develop and customize their land parcels with various apps, games, or displays. These parcels can be bought and owned using the platform’s cryptocurrency, MANA.

What can be bought with MANA?

Apart from LAND auctions, Decentraland users can also acquire various services, avatars, wearables, collectibles, and even names on the Decentraland marketplace.

Key Takeaways

  • Decentraland is a virtual reality platform built on blockchain technology. It allows users to create and monetize content, interact with other users, and have a sense of ownership and control over their virtual experiences.

  • The platform is divided into plots of virtual land that users can buy and develop.

  • Decentraland uses a cryptocurrency called MANA to facilitate transactions within the ecosystem.

  • It is built on the Ethereum blockchain and aims to create a decentralized metaverse.

More articles:

What is MetaMask?

MetaMask is like a digital Swiss Army Knife, a tool that can handle almost anything you throw at it in


DApps, or Decentralized Applications, are software applications that run on a peer-to-peer blockchain network. Breaking away from server-based models of

What is MetaMask?

MetaMask is like a digital Swiss Army Knife, a tool that can handle almost anything you throw at it in


DApps, or Decentralized Applications, are software applications that run on a peer-to-peer blockchain network. Breaking away from server-based models of