Decentraland is a blockchain-based virtual world in which users own parcels of virtual land and in-world assets as non-fungible tokens on the Ethereum network, governed by a decentralised autonomous organisation through on-chain voting with governance tokens.
Semantic Classification
Content
- Decentraland represents land parcels and wearable items as on-chain tokens, allowing users to buy, sell and build persistent content that they retain ownership of independently of the operator. The client renders an explorable 3D world in the browser and supports user-authored scenes and interactive experiences.
- Governance of platform parameters and the asset registry is handled through a decentralised autonomous organisation whose members vote with governance tokens. This model differs from operator-controlled virtual worlds by placing land policy and treasury decisions in the hands of token holders.