# Decentraland By [mastercrypto](https://paragraph.com/@masterbrum.robots.farm) ยท 2023-01-28 --- Decentraland is a decentralized, virtual reality platform built on the Ethereum blockchain. It allows users to create, experience, and monetize content and applications in a virtual world that is fully owned and controlled by its users. The platform uses a virtual currency called MANA, which is used to purchase land and other in-game assets, as well as to pay for transactions and access to the network's services. The platform also uses a token called LAND, which represents a piece of virtual real estate within the Decentraland world. Decentraland was launched in 2017 and it is divided into a total of 90,000 parcels of LAND, and each LAND represents a unique non-fungible token on the Ethereum blockchain. Each parcel of LAND is unique and can be bought and sold on the open market, and can be used to create a wide range of experiences and applications, such as games, social networks, art galleries, and more. Users can create their own content and experiences within Decentraland using a variety of tools and technologies, such as the Decentraland SDK, which is a set of developer tools and libraries that allows users to create and publish their own scenes, 3D models, and animations. Additionally, the platform also has a built-in marketplace, where users can buy and sell virtual goods and services. One of the main advantages of Decentraland is its decentralized nature, which means that it is not controlled by any central authority or corporation. This allows for a more open and democratic platform, where users have full control over their own virtual real estate and content. Additionally, the use of blockchain technology ensures that all transactions and assets are transparent, secure, and immutable. Another advantage of Decentraland is its scalability and low transaction costs, as it is built on the Ethereum blockchain, which is capable of processing thousands of transactions per second. This makes it accessible to a wide range of users and applications, and allows for faster and more efficient validation of transactions. Decentraland also has a large and active community of developers and users, which helps to drive innovation and development of the platform. The platform also has a built-in governance model, which allows for community participation in the decision-making process through a voting system called "Decentraland Improvement Proposals" (DIPs). Despite its many advantages, it is important to note that Decentraland is still a relatively new and experimental technology, and there is always a risk of volatility and loss of value. It is important to conduct thorough research and understand the risks before investing in Decentraland. Additionally, the adoption and development of the Decentraland project is still ongoing, so it is important to keep track of the progress and updates of the project. --- *Originally published on [mastercrypto](https://paragraph.com/@masterbrum.robots.farm/decentraland)*