#Decentraland
Decentraland is a virtual world powered by the Ethereum blockchain. It allows users to create, experience, and monetize content and applications in an immersive 3D environment. Decentraland consists of a shared digital landscape where people can interact with each other and their surroundings using avatars or items they purchase from its marketplace. The platform facilitates peer-to-peer transactions between both developers and end users for goods such as land plots, wearables, toolsets, services (like customizing avatar appearances) or experiences like gaming events that are hosted within it’s ecosystem.
The parts of Decentraland are divided into two main categories: LANDs & MANAs. Land parcels are part of the main economic system on the platform while MANA tokens serve as a form of currency used to make purchases on it’s marketplace including but not limited to; NFT assets like non-fungible token collectibles , vanity items for your avatar ,accessories/outfits for your character etc . This also applies when purchasing different types of land parcels which vary in shape size & type typically ranging from small areas suitable for building games up to larger regions fit enough to host entire communities inside them .
All this takes place through smart contracts running on top Ethereum Blockchain providing security trustless ownership over all transacted data occurring within Decentalands virtual universe ensuring complete transparency & fairness amongst participants involved with no middlemen required at any given time during these activities making it one unique self governed economy embedded onto decentralized network layer adding additional privacy features against those found on traditional platforms such as banks or ecommerce websites giving anyone access without needing prior permission before engaging themselves into it’s core elements thus creating new opportunities never previously seen before now possible due decentralization movement taking hold across multiple online industries worldwide since then!
