Decentraland is an Ethereum-based blockchain platform where users can purchase, build and monetize virtual reality applications. Users can purchase virtual land in the platform’s world which gives them ownership and control over the environment and applications they create within their land. Decentraland is a virtual reality platform powered by the Ethereum blockchain that utilizes two tokens. MANA is an ERC-20 token that serves multiple purposes, where it is mainly burned in order to claim LAND (an ERC-721 token) as well as to make in-world purchases of goods and services4. Decentraland is divided into a total of 90,000 parcels of LAND, each measuring 16 x 16 “meters.”
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