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The Decentraland Coin is the crypto currency of the company Decentraland. The project is working on building a virtual reality based on the Ethereum Blockchain. The principle of the platform is comparable with the game Second Life. Users can move freely in the virtual world of Decentraland, interact with other users, acquire objects or land.
Who is behind the project?
The two leaders of the project are Ari Meilich and Esteban Ordano. Both have worked together before and founded the crypto companies Streamium and Bitcore. They are supported by a team of six consultants, all of whom are at home in the world of crypto currencies and have a lot of experience. Partners of Decentraland are district0x, Aragon, Zeppelin Solutions and imToken.
What possibilities does the platform offer?
With Decentraland Coins, also called Mana in the game, the player can buy land, goods and services worldwide. The plots purchased are each 10 x 10 m in size. The user is free to build anything he wants on his piece of land. The developers have consciously decided to limit the total area available in the game. The shortage of land should prevent players from buying land but not using it anymore. The limitation will also influence the land prices in the future. If the infrastructure in the virtual world develops further, the plots can be resold at higher prices, depending on the location.
In Decentraland there are basically no limits to the players. The game offers shopping possibilities, driving a car, playing in the casino, exploring an underwater world and much more. Users can even set up their own business there. All transactions and changes of the player on his land are recorded and documented in the Smart Contracts.
What does the company's roadmap look like?
The company appropriately referred to the first stage of Decentraland as the Stone Age. It started in June 2015. Decentraland existed only as a simple grid. Using a proof-of-work algorithm, the players were assigned the appropriate country, in this case the pixels. In the "Bronze Age" the simple grid was modelled into a 3D landscape. The next big step is the beginning of the "Iron Age". A P2P network is to be created, with which users can interact with each other and with the world. Text messages, audio conversations, avatars, and other features are planned. A micropayment system is to be the core element of a world economy. A land management interface will make it possible to develop, buy, sell or even rent virtual land without leaving the game.
The Iron Age will also see the creation of a scripting language specifically designed for the virtual world so that landowners can program their own ideas to offer to other users. Decentraland plans to launch the Iron Age in the 4th quarter of 2017. There is no official date yet. Finally, the last stage, the "Silicon Age", is planned for 2018. Decentraland will receive the final polish in this phase. The 3D experience will be optimized with full VR support and adaptation of the virtual world to the physical laws of nature.