Decentraland Review: Best NFT Crypto Play??



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⏰ Time Stamps ⏰

1:17 Introduction
3:10 What are Non-Fungible Tokens?
4:05 How Decentraland Works
7:46 Decentraland Mainnet Launch
8:40 Decentraland DAO
10:20 Decentraland Use Cases
11:50 LAND & MANA Tokens
13:50 Decentraland Team
14:45 Partners of Decentraland
16:00 Roadmap & 2020 Updates
16:50 MANA Market Overview
17:46 Conclusion

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⛓️ 🔗 Helpful Links 🔗 ⛓️

► Website: https://decentraland.org/
► Whitepaper: https://decentraland.org/whitepaper.pdf
► GitHub: https://github.com/decentraland
► Docs: https://docs.decentraland.org/
► Roadmap: https://trello.com/b/YZnGNh5z/decentraland-roadmap-2020-and-beyond

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📱️ Socials 📱

► Official Blog: https://decentraland.org/blog/
► Twitter: https://twitter.com/decentraland
► Telegram: https://t.me/decentralandTG

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📝 Project Overview 📝

Decentraland is a virtual reality platform, entirely decentralized, built on Ethereum’s blockchain. On Decentraland’s platform, users have the ability to create and monetize their applications and content.

The 3D virtual space within the platform is both traversable and finite. Decentraland refers to this space as L.A.N.D (LAND), which is a non-fungible digital asset that the Ethereum smart contract maintains.

Land within the Decentraland platform is split up into parcels, which are designated using x and y coordinates. Parcels within the platform are purchased using Decentraland’s token, MANA.

⚙️ Technology ⚙️

There are three layers on the Decentraland platform and these are the Consensus layer, the Content Distribution layer, and the Real-Time layer.

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The consensus Layer uses an Ethereum smart contract for ledger and ownership purposes. This layer also contains a description file, which is how each landowner tells the platform what they want to serve at their respective locations.

The Content Distribution layer is a decentralized system of storage that Decentraland uses to distribute content needed to create its virtual world.

With the real time layers, users communicate with one another via peer-to-peer connections.

🗳 Decentraland DAO 🗳

Decentraland’s DAO is the owner of some of the most important assets and smart contracts that exist within the platform. These include the content servers, the marketplace, wearable, the Estates contract, and the LAND contract.

🤔 Use Cases 🤔

Decentraland’s scripting language allows for the creation of games, applications, and 3D scenes within its platform. This language can handle a wide variety of tasks, including handling platform physics, creating objects, developing sounds, loading textures, and managing external calls.

Digital collectibles are another important use case. The platform expects users to create, publish, share, and collect unique digital content on their blockchain.

💰️ Token 💰

LAND is purchased by using MANA, which is an ERC20 token with a fixed supply. MANA tokens are used as a proxy for the value of purchasing a new parcel. LAND is a non-fungible ERC 721 token.

There is a fixed supply of MANA which means that the more that are used to purchase LAND, the less that exist in circulation.

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👨‍💻️ Team & Development 👨‍💻

Decentraland’s lead tech is Esteban Ordano. Ordano was the leader of the team that developed Streamium.

Ariel Meilich is the Project lead. Meilich relies on his experience in data analytics and venture capital to help drive Decentraland forward.

For the 2020 roadmap, there are a number of things that you should look out for. These include the likes of:

– Teleporting to target scenes
– Selecting multiple items within the builder
– In-world screen for scoreboards / vending machines
– Using pre-built scenes in the builder
– Development of companion app

📈 Trading & Wallets 📈

MANA is a popular token and is listed on a number of markets. Binance, Coinbase Pro, Bittrex, Huobi etc. There is also reasonable liquidity on all of these exchanges.

For storing the tokens, given that these are ERC20 tokens any etheruem compatible wallet should do.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Decentraland #MANA #crypto #ERC20 #Review #NFT #blockchain #cryptokitties #collectibles

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Coin Bureau

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44 Comments

  • So you mean there is no point in buying MANA tokens as not much can be expected from it anymore? I mean it’s never going to be 10 dollar I guess

  • This Guy…

  • I just bought my first piece of land. Great location too. Within 12 hours of by I was already receiving an offer more than I buy for.

    Now I’m definitely going to buy another piece of land and just flip it. Most flippers are making 10% easy. Better ones make 30% pet flip

  • God I miss adverts.

  • Check out the VeVe app on your phone! Just Wait! The VeVe-Verse is coming soon!! The quality of the NFTs are insane compared to any other platform and VeVe has DC, Marvel, Pokémon, and so many more licenses its insane! Started as a flipper n I got addicted to collecting Sets and have made so much just HODLing🙃🤑

  • some stupid shit right there. minecraft. roblox, sims. wtf? why are fools paying millions for something like this? too much easy money i suppose

  • Now ARTIFICIAL INTELLIGENCE SHOULD COME UP WITH A PROJECT OF DOWNLOADING ALL OUR MEMORIES AND STORE THEM IN A VIRTUAL WORLD.

  • Bikin videonya kenapa si mepet2.

  • Thank you

  • This feels like a blockchain version of Second Life. While I don't doubt it wont be modestly successful, it doesn't have mass appeal. The technology to make this really great is a long, long way off.

  • Great content maker. Why not spread the word about E2. I think it will be some kind of predecessor of decentralland as it offers more real-world-like graphics.

  • Blah blah blah I just want to know if I can play laser tag in the game and if so how do I join

  • This only means one thing. I am exactly 1 year late to the party.

  • Awesome job of explaining how it works Guy! You are a great teacher! Do you have any updates planned?

  • This looks very intriguing!

  • MANA will be worth $1k per coin one day

  • So let me get this straight. You can actually buy a digital or virtual parcel of land. Hold it for profit later as demand & prices rise. Build & develop your parcel. Monetize it, create an application on your partial to make money. Sell items and/or link real world items on your partial of land. Create games on your partial of land. Advertise your business or someone else on your land for fees. This is going to be extremely MASSIVE. Now I know why Grayscale picked this for an investment fund.

  • God! Why didn t i find you a year ago!

  • I believe this will be our reality in next 10 years and boom like BTC. HODL!!

  • I made 15.000 usd with my investment of 10.000 usd, I didn't make the trade myself. Expert Godwin Daniel made the successful trade for me

  • Wow! Guy puts this video out One Year ago!!!

  • there's also some newer version of decentraland…i think its called Somnium Cube or something. It's basically the same but with VR and glothes to wear so your character mimics your rl movement.

  • this seems like more expensive roblox+decentralization O_o

  • Virtual land…..Really???

  • Bruh I feel like I missed the boat. It was 7 cents now it's 90 cents 🙁 I'm too late

  • 🚀🚀WHERE R MY NFT BOIZ AT🚀🚀CHZ🚀🚀ENJ🚀🚀STMX🚀🚀MANA🚀🚀

  • Currently, getting LAND would mean involve too much of my portfolio into Decentraland, but i would have loved to !

  • Most clear and concise explanation ever.

  • Are we to late to buy mana?

  • There doesn't seem to be many use cases? are you kidding? these platform seems to have huge amount of use cases. it's a digital world.

  • I got sick to my stomach when I bought 8,900 when it was $.08 and sold at $.23. Now it’s over $1 🤮

  • Guy I Love you for so many reason!!!

  • There is a new kid on the block and it's called NetVRK. Listing in a few weeks

  • I am accumulating MANA in order to make my first purchase of land to set up shop

  • I don’t think decentraland is going to pop off but I feel like another big game will take advantage of this and it will take off

  • THE LAND OWNERS ARE GOING TO RIPPED OFF THE GAME IS GARBAGE

  • Shit why i cant see this video before 😭 mana 1$ now

  • This is the stupidest thing I have ever come across… and we just had 2020.

  • Plz tell me about maker crypto

  • Thax 😎 bro

  • I said to myself A while back that “I was going to invest in anything I thought was a silly idea, (bitcoin) Well I said “this is a silly idea, and bought some shares. I’m in……

  • I dont still get ít, all the land gotta have GOV involved, in some countries they are not even friendly if someone want to get in.

  • such a cool project!!!

  • NFT's and Mana is all new to me, although I see a lot of potential. I personally think that BTC is becoming more of a store of value (like gold) than one that's used as currency (like cash). I think its deflationary nature is a headwind for BTC being used as a currency and it's rise right now also prevents that. I know that I'm not spending any of my BTC at the moment with upside of trad!ng much bigger right now. I’m not a pro tradr but I was lucky enough to make 13’B’T’C since late last year following the instriuctions and s!gnals from Allen Moritz. He runs program for investors/newbies who lack understanding on how trad!ng Bitcoin works, to help them utilise the volatility of the crypto mar:ket and also stack up more bitcoin. You can easily get to Allen on Եҽlҽցɾαต {AllenMoritz} ահαեsαթթ + 1 8 0 4 9 9 9 5 6 1 2 for Crypto related issues. Leave a like or sub-comment if you are headed to the moon with me.

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