Decentraland, an Ethereum blockchain powered virtual reality platform that allows users to create, sense in addition to monetize content in addition to applications, has announced a crowdsale.
Taking house Aug. 8-16 for its ERC-20 token, MANA, users volition hold upward able to purchase in addition to sell virtual existent estate, called LAND, in addition to participate inwards Decentraland’s virtual reality economy.
The token sale has a $20 1000000 cap in addition to volition hold upward followed yesteryear a continuous issuance stage.
Ariel Meilich, Decentaland’s projection lead, said:As the virtual reality marketplace continues its rapid growth, nosotros are excited to launch Decentraland, a novel virtual economy, where content creators are incentivized in addition to fairly rewarded for their contributions.
He added that Decentraland enables depression cost, straight payments with content creators in addition to users with its native token, MANA.
Prototypes Available
Decentraland has prototypes available for populace testing. It offers unlimited possibilities for virtual content creators, including games, art, educational activity in addition to wellness tending applications.
Developers tin exercise in addition to monetize applications on the platform. They tin purpose MANA to purchase LAND in addition to other goods in addition to services on the platform.
LAND’s value is based on its proximity to high-traffic hubs, every bit good every bit its mightiness to host in-demand applications.
A belongings possessor tin host other users on their LAND in addition to cause upward one's heed how they interact with the virtual globe simply about them. While gaming, fine art in addition to social applications are anticipated inside Decentraland, the protocol enables users to come upward up with other novel purpose cases.
Secondary Market Trades
Decentraland has teamed with district0x, a collective of decentralized communities, to provide users the mightiness to merchandise LAND inwards the secondary market. While unclaimed LAND tin hold upward bought at the same commutation charge per unit of measurement (1,000 MANA = 1 LAND), differences inwards traffic in addition to positions could permit LAND parcels to merchandise at dissimilar prices on a secondary market.
Ownership of LAND is recorded on the Ethereum blockchain, assuring immutability, Meilich said. Interactions are recorded on a network of nodes streams, providing users amount command of their LAND in addition to their content.
Decentraland has established fiscal incentives to back upward the utility value of the network. Contests for creating applications, art, games in addition to experiences volition encourage content creators to compete for MANA. New users volition too hold upward provided allowances inwards MANA, allowing them to participate inwards the economy.
Meilich said:
For example, communities hosted on offline in addition to online forums similar chat groups in addition to centralized multiplayer games tin transition to Decentraland in addition to integrate economical capabilities into their communities.
Supporters tin participate inwards the MANA crowdsale with major cryptocurrencies via the ShapeShift exchange.
Crowdsale to Support Development
Funds raised inwards the token sale volition hold upward distributed every bit follows: 50% for development, 20% for research, 15% for community evolution in addition to marketing, 10% for describe of piece of occupation organisation evolution in addition to operations, in addition to 5% for legal costs.
A continuous issuance phase volition follow the crowdsale, allowing a decreasing per centum of the initial provide of MANA to hold upward purchased from the smart contract each year, inwards express provide over time. Decentraland volition protect the token from inflation yesteryear requiring users to give the sack MANA to claim LAND.
The board of advisors includes Luis Cuende, Aragon project lead, Jake Brukhman, CoinFund managing partner, in addition to Diego Doval, creator of n3xt.
Meilich concluded:
The gaming marketplace has demonstrated a potent involve for a decentralized community virtual world. Decentraland is confident that with our illustrious squad of gaming, smart contract safety in addition to blockchain applied scientific discipline experts, nosotros volition make the commencement fully decentralized virtual economic scheme that revolutionizes the gaming industry.
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