When will decentraland go mobile? If you are interested in this study, do not hesitate to read this. You can get more information from this article.
When Will Decentraland Go Mobile?
Decentraland is a virtual reality platform and user-generated content (UGC) marketplace. It is a decentralized virtual world that runs on open standards and uses an open-source, fully public blockchain.
The decentralized virtual world is a 3D environment that can be using simple drag-and-drop commands and be through a web browser. Users can explore, build and experience this world by visiting parcels that have been by other users.
Users may also purchase land parcels in the Decentraland world and build anything they like on it. A user can either buy LAND at the Genesis Marketplace, which recently concluded its token sale, or they can stake MANA tokens to purchase LAND from another user.
MANA is the primary currency of Decentraland; it is to pay for LAND and content. As well as to power a variety of other features within the network. Content in Decentraland is managed and owned by the users and developers.
How Does Decentraland Work?
Decentraland is on a protocol that allows users to claim ownership of virtual land. The developers have called this protocol “Proof-of-Existence,” which is a nod to the blockchain technology that powers Bitcoin and other digital currencies.
With Proof-of-Existence, the creators of Decentraland placed a Bitcoin transaction into an Ethereum smart contract to verify that a digital object exists in Decentraland. The first transaction consisted of 1,000 parcels of virtual land, each of which was 0.01 ETH (1 Ether).
This transaction was in the Ethereum blockchain, meaning that the owners of those parcels now have a record of ownership on the Ethereum blockchain.
Using the power of a blockchain, Decentraland can verify that objects exist in their virtual world, without the need for any centralized authority.
In short, Decentraland uses a proof-of-existence system to verify that digital objects exist in their virtual world. This gives users full control over what they build in Decentraland.
While also allowing them to purchase virtual real estate at their discretion. Users can even rent out or sell their virtual real estate to other users.
The first transaction consisted of 1,000 parcels of virtual land, each of which was 0.01 ETH. Now, anyone can claim virtual land and begin to develop it.
When a user has purchased land, they will be able to transfer the ownership of that land to other users. Users can also utilize their MANA tokens to purchase land parcels from other users in the Genesis Marketplace.
Users can also build on their parcels of land, and create content that can be anyone else using Decentraland. This content can range from games to artwork to interactive experiences.
Users can also use the marketplace to buy, sell and rent out digital content, including 3D models and texture packs. Lastly, users can also create their games within Decentraland.
Many developers have already begun building in-world games and experiences that allow users to interact with each other in a virtual setting.
It is estimated that the global gaming industry will be worth $143 billion in 2018, and it is to grow to $180 billion by 2020. This is a huge growth and it is not surprising that the world of gaming has caught the attention of the larger technology industry.