What Is Decentraland?
There is no getting around the fact that technology continues to develop and evolve, and with it, so too does how technology can be used. For instance, at one time, technology only used to have a slight implication on the real world, but this is no longer the case as it is used in many aspects of people’s professional and personal lives.
On the one hand, technology gets easier to use and implement; however, brand new strands of tech are also created every day. In recent years, some of the newer forms of technology have come in the form of decentralisation and virtual reality. They come together in the form of Decentraland. They are now used in business, gaming, general entertainment and many other aspects of life.
So, this begs the question, what is Decentraland, and how can it be used? This will all be discussed in more detail below.
The Foundation of Decentraland
Two crucial pieces of technology make up the foundation in which Decentraland is built upon decentralisation (i.e. the blockchain) and virtual reality. So, before talking more about what Decentraland is and how it can be used, it is worth discussing these elements in more detail.
In the simplest terms, a blockchain is a distributed database shared amongst different computer network nodes. A blockchain works by storing information electronically within a digital format. They are most frequently used in the development of cryptocurrency and NFTs, given they can maintain a secure and decentralised record of different transactions. They make it so that technically owning a piece of the internet becomes possible. One of the most innovative features of a blockchain is that it can guarantee the fidelity and security of a data record, generating trust among its users without the interference of a third party.
One of the significant differences between a regular database and how the blockchain is structured can be seen in the way that a blockchain collects information in groups (otherwise known as blocks). These blocks hold sets of data and have specific storage capacities. When they are filled, they’re then closed and linked to the previously filled block, which forms a chain. A regular database usually structures the data that it holds into tables.
Virtual reality is a form of technology which is becoming increasingly popular in recent years thanks to the immersive element it adds to games but then also because of the fact the metaverse is starting to come further into fruition, and virtual reality is a massive part of this. Virtual reality is a simulated experience where the world that you are familiar with is replaced with something completely virtual. This can be achieved in a few different ways, for instance, with something as simple as a plastic holder that you slot your phone into; however, it can also be done using a head-mounted display (as is one of the more popular options at the minute).
Virtual reality is completely revolutionising how people game as it allows gamers to submerge themselves into their environment completely. It has also been used a lot in the education sector and in the likes of military and medical training. It is also gathering popularity in business, taking a video call to the next level, and virtual meetings are now a thing. The headset used to have to be tethered to a device, but now, in more recent versions, it can operate on its own, which again makes this kind of technology a lot more accessible, hence why it can be used in Decentraland.
What Actually is Decentraland?
So, what is Decentraland? Decentraland is an entirely virtual world in which users are able to create, explore and trade. It is entirely animated and immersive and is set to take the world by storm due to its innovative features.
The Features of Decentraland
Some of the main features available when using Decentraland include but are not limited to the following:
There are different lands which are owned by the users, which provide incredible scenes, structures and means by which you can interact with them. These lands could be medieval in nature, fantasy, sci-fi and all things in between. Using the virtual reality aspect of the website, you are able to slip into this fictional world and explore it to your heart’s content.
You can also really test the limits of your imagination using Decentraland. It’s possible to do this because you can create your own scenes, characters, challenges, artworks, games and more using the builder tool available.
Using the blockchain and thanks to the website’s decentralised nature, you can trade some of the virtual assets you create. This means you have the ability to both buy and sell land, estates and clothes for your avatar and names. It means you can build up stock of some of the most sought-after goods throughout Decentraland.
The Possibilities of Decentraland
The possibilities of Decentraland remain relatively endless. With worlds like this, the limit is defined by those who occupy it. As such, whilst it is used as a form of entertainment predominantly, there are opportunities available where people are going to be able to work there, use it to make money and effectively market the likes of NFTs.
With the introduction of the metaverse as well, there is no escaping the fact that this is very much the future. As such, if you are interested in how your business is able to utilise these different platforms effectively, you should consider reaching out to the likes of YouYaa. At YouYaa, our team of experts will be able to help you with marketing your business and making money, thanks to the increased development and implementation of blockchain technology and virtual reality. If you have any questions or require any further information, then do not hesitate to get in touch.