## ما هو Theta Fuel (TFUEL)؟

إنّ Theta Fuel (TFUEL) هو واحد من اثنين من الرموز الأصلية على سلسلة كتل Theta. لا ينبغي الخلط بين TFUEL و[رمز Theta (THETA)](https://coinmarketcap.com/ar/currencies/theta/)، وهو رمز الحوكمة لسلسلة كتل Theta المدعوم من قبل الآلاف من عقد Guardian التي يديرها المجتمع ومدققو المؤسسات بما في ذلك مشاريع Google و Binance و Blockchain و Gumi و Samsung.

بينما TFUEL هو الرمز الثاني على سلسلة كتل Theta الذي يعمل كرمز خدمة في مجال الفيديو اللامركزي وتسليم البيانات، كما أنه يعمل كرمز [للغاز](https://coinmarketcap.com/alexandria/glossary/gas-price). هذا يعني أنه يتم استخدامه لتشغيل جميع العمليات على سلسلة كتل Theta، مثل المدفوعات للناقلين لمشاركة بث الفيديو، ولنشر العقود الذكية والتفاعل معها، وكرسوم مرتبطة بمعاملات NTFs وتطبيقات التمويل اللامركزي (DeFi).

كما يتم استخدامه أيضًا لتحفيز المستخدمين في النظام البيئي الذين يشاركونهم قوة الحوسبة الزائدة عن الحاجة مثل عقد الحوسبة الطرفية (Edge Compute) بالإضافة إلى موارد النطاق الترددي كعقد التخزين المؤقت الطرفية (Edge Caching) لبث الفيديو والبيانات الأخرى.

### من هم مُؤسسو Theta Fuel؟

تم تأسيس Theta Fuel، إضافةً إلى نظام Theta البيئي بأكمله، بواسطة ميتش ليو وجيي لونغ في عام 2017. يتمتع ليو بخبرة كبيرة في مجال الألعاب والفيديو والواقع الافتراضي، حيث شارك في تأسيس شركة Tapjoy لإعلانات الفيديو، وشركة الألعاب الاجتماعية الناشئة Gameview Studios، و THETA.tv، وهي منصة البث المباشر التي كان تطبيقها اللامركزي (DApp) أول من تم بناؤه على بروتوكول Theta.

لدى جيي لونغ، المؤسس المشارك الثاني لبروتوكول Theta ورئيس قسم التكنولوجيا، خبرة مماثلة لعدة سنوات في أتمتة التصميم والألعاب والواقع الافتراضي والأنظمة الموزعة على نطاق واسع. كتب العديد من الأوراق الأكاديمية المُحكمة ويحمل براءات اختراع مختلفة في بث الفيديو وسلسلة الكتل والواقع الافتراضي.

تمتلك Theta الآن فريقًا متواضعًا، ويسرد موقعها الإلكتروني الرسمي مستثمري الشركات الإستراتيجيين مثل Samsung NEXT، و Sony Innovation Fund، والمستثمرين الإعلاميين BDMI Bertelsmann Digital Media Investments، و وكالة CAA Creative Artists، و Silicon Valley VCs التقليدية بما في ذلك DCM و Sierra Ventures و VR Fund.

### ما الذي يُميز Theta Fuel؟

تتمثل حالة الاستخدام الرئيسية لرمز Theta في لامركزية بث الفيديو وتسليم البيانات والحوسبة المتطورة، مما يجعله أكثر كفاءة وفعالية من حيث التكلفة وأكثر عدلاً للمشاركين في المجال. تعمل الشبكة على سلسلة الكتل الأصلية، مع اثنين من الرموز الأصلية المعروفة باسم Theta (THETA) و Theta Fuel (TFUEL)، مما يعزز الاقتصاد الداخلي.

يتميز رمز Theta في ثلاثة أمور رئيسية: يُكافأ المشاهدين بخدمة بث ذات جودة أفضل، ويحسن صانعو المحتوى أرباحهم ووسطاءهم — منصات الفيديو — كما يُوفرون المال على بناء البنية التحتية ويزيدون من الإعلانات وعائدات الاشتراك. يمتلك المستخدمون حافزًا لكل من مشاهدة محتوى الشبكة ومشاركة موارد الشبكة، حيث تأتي المكافآت في شكل رموز TFUEL.

إنّ المنصة مفتوحة المصدر، ويحصل حاملو الرموز على صلاحيات الحوكمة كما هو الحال مع العديد من الأنظمة البيئية القائمة على سلسلة الكتل التي تستند إلى إثبات الحصة (PoS). بالإضافة إلى الفيديو والبيانات والحوسبة، يُقدم رمز Theta خدماته للمطورين الذين يتطلعون إلى إطلاق تطبيقات لامركزية (DApps) مثل التمويل اللامركزي (DeFi) و NFTs على منصة العقود الذكية المتوافقة مع EVM.

### كم عدد عملات Theta Fuel (TFUEL) المُتداولة؟

كما ذكرنا سابقًا، هناك عملتان في نظام Theta البيئي: THETA و TFUEL. تُستخدم كلتا العملتين كأداتين رئيسيتين للتفاعل على سلسلة كتل Theta، ولكن بوظائف مختلفة.

يوجد حاليًا 5,232,675,200 عملة TFUEL متداولة، والتي تنمو كل عام مع إنشاء TFUEL جديد للحصول على المكافآت. بينما رموز Theta ثابتة وفي أقصى عرض لها، مما يعني أن هناك 1,000,000,000 عملة متداولة والتي لن تزيد أبدًا.

تعمل Theta على خوارزمية إثبات الحصة، مما يعني أن التحصيص ممكن. نظرًا لأن كمية THETA المتداولة هي أقصى عرض سيكون موجودًا على الإطلاق، فإن TFUEL هي مكافأة التحصيص على الشبكة. لتكون مؤهلاً للتحصيص، ، يجب عليك تحصيص 1000 رمز THETA على الأقل في عقدة Guardian أو تشغيل عقدة Guardian الخاصة بك.

### كيف يتم تأمين شبكة Theta؟

تعتمد سلسلة كتل Theta على خوارزمية إجماع لإثبات الحصة. ولكن تُضيف آلية إجماع التسامح مع الخطأ البيزنطي متعدد المستويات ([BFT](https://coinmarketcap.com/alexandria/glossary/byzantine-fault-tolerance-bft)) على سلسلة الكتل لتحقيق أمان أفضل إلى جانب إنتاجية أعلى للمعاملات.

في وقت إطلاق شبكة Theta الرئيسية في مارس 2019، قدمت عُقد Theta Guardian. بوجود عقدة Guardian، لا يتحكم أي كيان في غالبية رموز THETA التي يتم تحصيصها في أي وقت. يساعد هذا الشبكة على تحقيق إنتاجية عالية للمعاملات تصل إلى ما يزيد عن 1000 في الثانية (TPS).

تستخدم Theta نظام الحوافز المالية لضمان مشاركة المستخدم في أنشطة الحوكمة، وبالتالي فإن شبكتها مؤمنة من قبل مستخدميها.

#### صفحات ذات صلة:

هل تحاول إيجاد طريقك كمبتدئ في مجال العملات المشفرة؟ اعثر على إجابات لجميع أسئلتك على [Alexandria](https://coinmarketcap.com/alexandria/categories/crypto-basics)، مورد التعليم المخصص من CoinMarketCap.

وفيما يلي بعض المقالات الأخرى، التي قد تهمك:

* [ما هو صنبور العملات المشفرة؟](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet)
* [ما هي بطاقات السحب المصرفية للعملات المشفرة؟](https://coinmarketcap.com/alexandria/article/what-are-crypto-debit-cards)
* [ما هو Web 3.0؟](https://coinmarketcap.com/alexandria/article/what-is-web-3-0)
* [ماذا تعني زراعة الغلال (Yield Farming)؟](https://coinmarketcap.com/alexandria/article/what-is-yield-farming)
* [ما هو إقراض العملات المشفرة؟](https://coinmarketcap.com/alexandria/article/what-is-crypto-lending)

Theta Fuel

Ledger

Welcome to Theta Fuel's Community channel aggregated by CoinMarketCap.

Theta Network

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

Zilliqa

Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.

The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an "IOU" that will be redeemable for HoloFuel upon launch.

Holo is still in development and is expected to launch for open alpha and beta testing by 2021.

Holo

Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.

According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

Harmony

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java.

NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of social media apps built on top of it in Japan, such as nemgraph, a community-driven owned and operated alternative to Instagram.

In December 2021, NEM was hard forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Harlock, this hard fork signaled the community’s intent to take NEM from a shadow of its former self into the world’s leading payments platform for on-chain and off-chain media content.

DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).

A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.

DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.

DigiByte

VeChainThor (VET) is a versatile enterprise-grade L1 smart contract platform whose origins began in 2015. VeChain is known as a pioneer of real-world enterprise applications, and built a distributed platform powered by Internet of Things (IoT) technologies, NFC chips and blockchain to help various industries solve data-related challenges.

VeChain solves major blockchain adoption hurdles. The platform uses an intelligent two token model, VET and VTHO, separating the protocol's Store of Value and gas fee payment mechanisms, ensuring costs can be kept low and stable. Fee delegation allows smart contracts to pay gas fees on behalf of business users, and an advanced transaction model allows data to be packaged more efficiently while ensuring finality of data.

VeChain is focused on delivering a wave of incentive-based sustainability dApps through its new platform, VeBetterDAO, working closely with Boston Consulting Group to achieve adoption across enterprise and individual users, and helping  onboard the next billion users to Web3 over the coming decade.

From supply chains to sustainability, VeChain has continuously demonstrated its leading role as a driver of blockchain in business, and is dedicated to its role as a pioneer of driving real world adoption of blockchain technology.

VeChain

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

Chiliz

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was announced on Oct. 31, 2017 and released binaries for mining on Jan. 3, 2018 with what is called a fair launch: no premine, ICO or masternodes. It was named in reference to a TV show Game of Thrones.

Ravencoin

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."

Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

Siacoin

Amp is an open-source, decentralized protocol that provides collateral as a service. Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases.

The project, which launched in 2020, aims to provide a fast, efficient, and secure transaction platform. It claims to solve a number of network problems, including slow confirmation times, price volatility and broad adoption.

Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers.

Collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain.

Collateral managers are smart contracts that can lock, release and redirect collateral in these partitions as needed in order to support value transfer activities.

Amp supports a wide variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

What Is Ankr (ANKR)?

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users:

Ankr Build
Ankr provides comprehensive blockchain developer solutions, including traditional APIs, a decentralized multi-chain network of public RPC nodes used to access blockchain data and execute code, and tools like Ankr Scan to view on-chain information across blockchains.

Ankr Earn
Ankr Earn makes staking, liquid staking, and other yield-earning opportunities easy and accessible to any crypto investor. Ankr creates the most scalable and decentralized staking infrastructure solution that aims to solve the capital inefficiency of Proof-of-Stake networks and similar blockchain consensus mechanisms.

Ankr Learn
Through Ankr’s learning tools, tutorials, and docs, anyone can become a better user or developer of blockchain-based systems.

Ankr

Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.

With a global team of over 40 research scientists and engineers, IoTeX has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already. On top of the IoTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet (https://iopay.me/) and ioTube bridge (https://iotube.org/), which serve ten thousands of users. IoTeX helps EVM-based DApps scale without concerning expensive gas fees!

Besides, middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware has been built on top of the IoTeX blockchain. This has enabled the creation of self-sovereign devices such as Ucam, and real-world data oracles like Pebble. Ucam (https://ucam.iotex.io/) has been deployed to over 3000 households (http://iott.network/). Meanwhile, Pebble has been launched to more than 300 developers initially, and enables innovative Dapps to connect the physical world with the crypto world, such as real-world NFTs, weather derivatives and machine learning-as-mining.

IoTeX

THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.

With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker.

The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 300k RUNE to participate in its rotating consensus process.

THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021 and Mainnet is now live as of Jun 2022..
Learn more here

THORChain

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

Qtum (pronounced ‘“quantum”)  is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoinand Ethereumin one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.

To learn more about this project, check out our deep dive of Qtum.

The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.

Qtum

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

ICON

Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.

Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.

Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.

Decentraland (MANA) is a decentralized virtual world platform with software based on the Ethereum blockchain, where users create, test and monetize content. In short: users buy virtual plots of land as NFTs with MANA tokens on the Decentraland platform. Progress in the game depends only on players themselves, their efforts and their imagination.

The digital platform is completely owned by its users. Within the Decentraland metaverse, participants can explore the virtual world, purchase plots of land that can be monetized, create works of art, own non-fungible tokens (NFTs), and take part in a decentralized autonomous organization of the platform Decentraland DAO. Due to the DAO, the community influences the development vector of the project.

In addition, users have access to interactive applications, in-world payments and peer-to-peer communication. The 3D world resonates with many participants as Decentraland has many applications, both entertainment for gamers and business for investors.

Two types of tokens called MANA and LAND govern operations in Decentraland. They also allow users to interact with the platform.

MANA is the official currency of Decentraland. It’s an ERC-20 standard token that powers the Decentraland platform. With MANA, users can purchase plots of LAND, as well as pay for in-game items and services.

MANA gives its holders the right to vote in Decentraland DAO. MANA can be purchased on a cryptocurrency exchange or by selling collectibles on Decentraland Marketplace. The owner of tokens converts them to wrapped MANA, or wMANA, and then commits them to the DAO. One wMANA equals one vote. MANA can be exchanged for fiat currency and other digital assets.

As for LAND, it’s a non-fungible token (NFT) based on Ethereum (ETH). It is used to track ownership of land parcels aka digital real estate. Like MANA, LAND is part of the protocol and confers voting rights, but LAND does not need to be fixed in the DAO. One LAND is equal to two thousand votes.

Players choose what to do with their land. Owners store tokens in crypto wallets and buy necessities with MANA tokens on the Decentraland Marketplace. Moreover, on the marketplace, participants can manage or exchange LAND tokens (priced in MANA). Holders use the marketplace to transact or transfer in-game items. All transactions are conducted, regulated and registered via the Ethereum blockchain.

Decentraland combines an online gaming space and blockchain technology. All control over the rules is given to the players, and token holders vote on in-game and organizational policies. The original goal was to form a decentralized virtual reality, but in practice, Decentraland has turned into a massive NFT market.

A special role in Decentraland is assigned to NFTs, such as collectibles, virtual equipment and real estate (LAND). However, for new players who want to join the universe and seize NFTs, the entry barrier will be high.

The Decentraland protocol is built on three levels using Ethereum smart contracts. On the consensus layer, the ownership of LAND is tracked and managed. The land content layer displays the content of the Decentraland virtual world. Finally, on the real-time layer, participants interact with each other.

The platform was co-founded by two blockchain experts, Ari Meilich and Esteban Ordano, in 2015. Officially it was launched a year later and became available only in February 2020, gradually turning from a 2D experiment into a full-fledged 3D world.

To sum up, Decentraland is a decentralized game and a 3D virtual reality platform where players own lands and create limitlessly. Decentralized Autonomous Organization (DAO) software is at the core, and governance is in the hands of the community. Through the native token MANA, players participate in any proposals for managing and improving the ecosystem, the auction system, and the in-game policy.