NFT Platform, Decentraland is an Early Version of the Metaverse

On September 30, Brave New Coin published a podcast called “Virtual Worlds-Decentraland + NFTs = Metaverse.”

Brave New Coin’s Crypto Conversation is a platform that reports or talks to the key people creating the Bitcoin, blockchain, and cryptocurrency’s future. Moreover, it is hosted by Andy Pickering.

The podcast is a 43-min conversation between Pickering and Adam De Cata, the head of partnerships at Decentraland. In episode 174 of The Crypto Conversation, De Cata explained and highlighted Decentraland.

Adam De Cata explained that Decentraland is a virtual social world created and owned by its users. In addition, he noted that Decentraland is an early version of the metaverse.

According to Adam De Cata, Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. What’s more, users can create, experience, and monetize their content and applications within the Decentraland.

Added to that, the firm has a finite, traversable, 3D virtual space within the platform called ‘LAND,’ a non-fungible token (NFT) on the Ethereum smart contract. Moreover, De Cata said LAND is divided into parcels that are identified as x and y. For instance, these parcels are forever owned by members of the community. Even more, they are purchased using MANA — Decentraland’s cryptocurrency token.

Note that the Decentraland team is working with brand partners like WallStreetBets. WSB is the company behind the Diamond Hands NFTs with a unique utility for accessing events in the metaverse.

Source: https://coinquora.com/nft-platform-decentraland-is-an-early-version-of-the-metaverse/