Post by account_disabled on Mar 10, 2024 2:56:59 GMT -6
Exterior at night. I wander along a dark and deserted street, surrounded by geometrically perfect but apparently uninhabited buildings. I'm looking for someone to talk to, but I come across frenetic figures running who knows where and in other motionless places, but without any desire to communicate. No, I am not on the streets of my hometown or even in a metaphysical dream, but inside Decentraland, a synthetic world that is making headlines above all because it has become a land of real estate speculation. How Decentraland works Decentraland is a decentralized platform based on the Ethereum blockchain, which creates a digital world that members can inhabit and in which they can create experiences and content.
A sort of Second Life on blockchain, therefore with peculiar characteristics. At the end of India Mobile Number Data December 2021, there were more than 800,000 registered users and just under 500,000 monthly active users . The project, developed by the Argentinians Esteban Ordano and Ari Meilich since 2015, saw the light in 2017 with the first sale of land, effectively an ICO (Initial Coin Offer) which generated 26 million dollars in ether. In February 2020 it opened to the public. Its theoretical foundations have been detailed in a white paper , written with contributions from experts from Google, Dropbox, Spotify, CoinFund. Technically Decentraland has a peer-to-peer infrastructure composed of three layers: “Consensus Layer” which tracks the location of land parcels, ownership and contents; “Land Content Layer” which collects the assets (objects, textures, sounds) used to render the scene, using a decentralized distribution system; “Real-Time Layer” which manages user communications via messages and voice chat. This P2P structure allows the virtual world to be more resilient.
For example, when there was a problem with the NFT API, instead of bringing the entire system down, we simply saw the avatars without clothes . Other important pieces for operation are the infrastructure for rapid payments (Payment Channel Infrastructure) and a system that manages the ownership of avatars (Identity System). The management of Decentraland has been entrusted to a DAO , a decentralized autonomous organization (a characteristic feature of many Web3 initiatives ). It does not have a board of directors that decides the lines of development, but the holders of the MANA token are able to vote. This mechanism affects everything from the types of objects allowed to the fees charged. The decision-making process is managed by a software called Aragon. What can be done in Decentraland To enter the territories of Decentraland an email would be enough, but the experience would be very limited.
A sort of Second Life on blockchain, therefore with peculiar characteristics. At the end of India Mobile Number Data December 2021, there were more than 800,000 registered users and just under 500,000 monthly active users . The project, developed by the Argentinians Esteban Ordano and Ari Meilich since 2015, saw the light in 2017 with the first sale of land, effectively an ICO (Initial Coin Offer) which generated 26 million dollars in ether. In February 2020 it opened to the public. Its theoretical foundations have been detailed in a white paper , written with contributions from experts from Google, Dropbox, Spotify, CoinFund. Technically Decentraland has a peer-to-peer infrastructure composed of three layers: “Consensus Layer” which tracks the location of land parcels, ownership and contents; “Land Content Layer” which collects the assets (objects, textures, sounds) used to render the scene, using a decentralized distribution system; “Real-Time Layer” which manages user communications via messages and voice chat. This P2P structure allows the virtual world to be more resilient.
For example, when there was a problem with the NFT API, instead of bringing the entire system down, we simply saw the avatars without clothes . Other important pieces for operation are the infrastructure for rapid payments (Payment Channel Infrastructure) and a system that manages the ownership of avatars (Identity System). The management of Decentraland has been entrusted to a DAO , a decentralized autonomous organization (a characteristic feature of many Web3 initiatives ). It does not have a board of directors that decides the lines of development, but the holders of the MANA token are able to vote. This mechanism affects everything from the types of objects allowed to the fees charged. The decision-making process is managed by a software called Aragon. What can be done in Decentraland To enter the territories of Decentraland an email would be enough, but the experience would be very limited.