90 Types of Crypto Worth $160M Stolen in Wintermute Hack

Newbie Catchup: The A-Z of NFTs

What Is Yield Guild Games (YGG)?

## यील्ड गिल्ड गेम्स (YGG) क्या है?

यील्ड गिल्ड गेम्स (YGG) एक विकेन्द्रीकृत स्वायत्त संगठन ([डीएओ](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao)) है जो वर्चुअल दुनिया के [नॉन- फनजेबल टोकन](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) (एनएफटी) में निवेश करता है। संगठन का उद्देश्य दुनिया की सबसे बड़ी वर्चुअल अर्थव्यवस्था का विकास करना, उपयोगिता को अधिकतम करने के लिए अपनी संपत्ति का अनुकूलन करना और अपने हितधारकों के साथ राजस्व साझा करना है।

विकेन्द्रीकृत खेलों में, यील्ड गिल्ड गेम्स ने खिलाड़ियों और निवेशकों का एक समुदाय बनाया है जो वर्चुअल दुनिया और ब्लॉकचेन-आधारित खेलों में उपयोग किए जाने वाले एनएफटी में निवेश करके पैसा कमाते हैं। महामारी के कारण लोग कमाई के खेल में भाग लेने के लिए और अधिक उत्सुक हो गए, जिससे मंच को लोकप्रियता में बढ़ने में मदद मिली।

### यील्ड गिल्ड गेम्स के संस्थापक कौन हैं?

यील्ड गिल्ड गेम के पीछे की कंपनी मनीला-आधारित गेम स्टूडियो है, जिसे गैबी डिज़ोन द्वारा स्थापित किया गया है, जो उस टीम का एक हिस्सा है जिसने एक्सी इन्फिनिटी और यार्न फाइनेंस कम्युनिटीज को लॉन्च किया था। बेरिल ली और ओवल ऑफ मोइटनेस ने गेम स्टूडियो की सह-स्थापना की। बेरिल ली एक उद्यमी हैं, जो कैम्ब्रिज विश्वविद्यालय के पूर्व छात्र हैं, जिन्होंने 2016 में क्रिप्टोकरेंसी सोसाइटी के अध्यक्ष के रूप में भी काम किया है। वह CapchainX की सह-संस्थापक भी हैं और एक लाइसेंस प्राप्त वित्तीय सलाहकार भी हैं। ओवल ऑफ मोइटनेस एक ब्लॉकचेन डेवलपर है; उन्होंने कई बॉट्स और एनएफटी के लिए एल्गोरिदम बनाया है, जिसमें एक्सी इन्फिनिटी भी शामिल है।

आज, यील्ड गिल्ड गेम टीम 20 से अधिक सदस्यों तक बढ़ गई है, जिसमें नोलन मनालो (जिसे नैट के नाम से भी जाना जाता है) गेमिंग संचालन के प्रमुख के रूप में है।

### क्या बनता है यील्ड गिल्ड गेम को सबसे अलग?

DAO का मुख्य राजस्व YGG के स्वामित्व वाली NFT परिसंपत्तियों का प्रत्यक्ष या अप्रत्यक्ष रूप से एक किराये की योजना के माध्यम से लाभ उठाने से आता है जिसमें गिल्ड के सदस्य इन-गेम पुरस्कारों के एक हिस्से के बदले में संपत्ति का उपयोग सीधे YGG को करते हैं। इन-गेम संपत्ति जैसे भूमि के लिए, थर्ड पार्टी (गैर-गिल्ड सदस्य) उस इन-गेम भूमि पर आर्थिक गतिविधियों का संचालन करके राजस्व उत्पन्न कर सकते हैं।

एनएफटी स्वामित्व खुले बाजार में अपने एनएफटी के मूल्य में परिलक्षित इन-गेम संपत्ति के आर्थिक मूल्य में वृद्धि से प्राप्त होगा।

गेम में एक प्ले-टू-अर्न फीचर भी शामिल है, जहां उपयोगकर्ता इन-गेम गतिविधि के लिए मूल टोकन प्राप्त करते हैं।

#### संबन्धित पेज:

[जेड रन क्या है?](https://coinmarketcap.com/hi/currencies/zed-run)

[आर्ट ब्लॉक क्या है](https://coinmarketcap.com/hi/currencies/art-blocks) ?

[क्रिप्टो डेबिट कार्ड क्या हैं?](https://coinmarketcap.com/alexandria/article/what-are-crypto-debit-cards)

क्रिप्टो जानकारी और अपडेट के लिए, [हमारे ब्लॉग पर](https://coinmarketcap.com/alexandria/categories/blog) जाएँ।

### कितने यील्ड गिल्ड गेम्स कॉइन प्रचलन में हैं?

पिछले 24 घंटों में, यील्ड गिल्ड गेम्स के मूल्य में 9.61% की वृद्धि हुई है। $151,079,527 के वर्तमान बाजार पूंजीकरण के साथ, वर्तमान CoinMarketCap रैंकिंग #257 है। YGG सिक्के अब 74,275,864 इकाइयों में प्रचलन में हैं, जिनकी अधिकतम आपूर्ति 1,000,000,000 इकाइयों की है।

YGG समुदाय का समर्थन करने के लिए, गेमिंग स्टार्टअप ने एक अरब टोकन की कुल टोकन आपूर्ति का 45% अलग रखा है। व्यापार के अनुसार, टोकन चार वर्षों में धीरे-धीरे वितरित किए जाएंगे। इसके अलावा, लगभग 40% टोकन निवेशकों (24.9%) और संस्थापकों 15% को वितरित किए जाएंगे, शेष 15% कंपनी के खजाने और सलाहकारों को दिए जाएंगे।

### यील्ड गिल्ड गेम्स नेटवर्क कैसे सुरक्षित है?

YGG ने एक विशिष्ट गेम की संपत्ति और गतिविधियों की मेजबानी के लिए एक subDAO बनाया। subDAO में संपत्तियां अधिकतम सुरक्षा सुनिश्चित करने के लिए मल्टीसिग्नेचर (मल्टीसिग) हार्डवेयर वॉलेट के माध्यम से YGG ट्रेजरी द्वारा खरीदी, स्वामित्व और नियंत्रित की जाती हैं। खिलाड़ियों का समुदाय स्मार्ट अनुबंधों के माध्यम से काम करने के लिए संपत्ति लगाने में सक्षम होगा।

### यील्ड गिल्ड गेम्स ट्रेडिंग कब शुरू होगी?

यील्ड गिल्ड गेम की ट्रेडिंग 27 जुलाई, 2021 को शुरू हुई।

### क्या यील्ड गिल्ड गेम्स कॉइन $1 हिट कर सकता है?

इस को बनाने के समय लाइव यील्ड गिल्ड गेम्स की कीमत $2.03 है।

### आप यील्ड गिल्ड गेम्स (YGG) कहां से खरीद सकते हैं?

ऐसे कई एक्सचेंज हैं जहां आप YGG कॉइन खरीद सकते हैं; यील्ड गिल्ड गेम्स में ट्रेडिंग के लिए शीर्ष एक्सचेंज वर्तमान में OKEx, Gate.io हैं, ZT, Uniswap (V3), XT.COM, और Uniswap (V3)।

यदि आपको इस क्रिप्टोकरेंसी को खरीदना मुश्किल लगता है, तो हमारे पास [एक गाइड है](https://coinmarketcap.com/how-to-buy-bitcoin/) जो आपकी मदद कर सकता है।

यहां कुछ अन्य लेख दिए गए हैं, जिनमें आपकी रुचि हो सकती है:

* [Crypto Faucet क्या है?](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet)
* [क्रिप्टो डेबिट कार्ड क्या हैं?](https://coinmarketcap.com/alexandria/article/what-are-crypto-debit-cards)
* [वेब 3.0 क्या है?](https://coinmarketcap.com/alexandria/article/what-is-web-3-0)
* [यील्ड फार्मिंग(Yield Farming) क्या है?](https://coinmarketcap.com/alexandria/article/what-is-yield-farming)
* [क्रिप्टो ऋण(Crypto Lending) क्या है?](https://coinmarketcap.com/alexandria/article/what-is-crypto-lending)

Yield Guild Games

Trust Wallet

MetaMask

SolFlare

Backpack

Phantom

Welcome to Yield Guild Games's Community channel aggregated by CoinMarketCap.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Tribe

SushiSwap

Wrapped Beacon ETH

Marinade Staked SOL

Baby Doge Coin

Telcoin

Renzo Restaked ETH

Arcblock

PAAL AI

Reserve Rights

CHAD FROG

lmeow

Green Bitcoin

Spot

KAP Games

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.

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

The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that best them in battle and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay.

The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts.

Illuvium has been in development since 2020, and is being built by a worldwide team of more than 40 individuals, including the co-founders; serial entrepreneur and early cryptocurrency adopter Kieran Warwick, and experienced game designer Aaron Warwick, who are brothers. (And who are coincidentally also the brothers of Kain Warwick, the co-founder of DeFi platform Synthetix).

The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO).

Illuvium

Vulcan Forged is a blockchain game studio and NFT marketplace. They are the makers of VulcanVerse.

PYR  is the native utility token that is used for:

Fees for marketplace settlement

Staking in VulcanVerse land and other assets

Upgrading and sustaining game asset levels

Play-to-earn rewards

Access to our game developers and NFT dapp incubation program

Vulcan Forged Platforms and games include:

*VulcanVerse, a Grece-Roman fantasy metaverse made up of 10,000 plots of land

Anvil, a crypto-less and gas-free NFT engine for easy game and dApp onboarding

Vulcan Market, a gas free NFT marketplace for all Vulcan Forged games

Berserk, an NFT online TGG

Frenzy, a create-your-own tournament platform with PYR as it’s reward token.

Vulcan Forged (PYR)

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

Immutable

My Neighbor Alice is a farming-themed play-to-earn builder game built on Chromia. The game bills itself as a place where “players can buy and own virtual islands, collect and build exciting items while also making new friends.” Each player has their own avatar representing them in the game, which they can modify as they please. Players can buy virtual real estate from Alice, the game’s eponymous central figure, or the internal marketplace. All purchased land is represented as an NFT.

My Neighbor Alice aims to introduce blockchain to millions of players and targets a diverse gaming community within the traditional gaming market. Although the game is blockchain-based and integrates DeFi features, it does not require prior knowledge of cryptocurrency and blockchain. My Neighbor Alice takes inspiration from several popular sources. For instance, daily in-game tasks and social aspects are inspired by Animal Crossing, whereas Minecraft serves as a role model for building mechanics. The artwork was inspired by the Swedish children’s book Pettson and Findus.

MyNeighborAlice

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

Wilder World

Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.

On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.

By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.

The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) of Founder’s Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder’s Node network’s foundational workload, individual projects can also create Node networks on GalaChain with more specific workloads.

Gala.com
News.Gala.com
Games.Gala.com
Music.Gala.com
Film.Gala.com

Gala

Ultra is a publishing platform and ecosystem for video games and video game content. Ultra’s mission is to do away with the current monopoly held by publishing platforms like Steam and provide new opportunities to game developers, players, and influencers. Ultra promises a solution that is more equitable to players and developers alike. Players can benefit from immediately playable games, earn UOS by using the platform, and access platform-exclusive games. At the same time, developers benefit from access to more effective marketing tools and the potential for 20% higher sales revenue.

Besides content and game publishing, Ultra offers a demand-side and service-side platform for advertisers, the opportunity for players to resell their used games, and a platform-exclusive app.

Ultra

Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.

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

Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.

Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.

The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.

Axie Infinity

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.

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

The Arweave network uses a native cryptocurrency, AR, to pay "miners" to indefinitely store the network's information.

The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.

Arweave

Mines of Dalarnia (DAR) is an action-adventure game with a blockchain real-estate market. MoD is based on a simple and simultaneously captivating gameplay, where users can mine and combine in-game items, then utilize them to upgrade their characters (skills and equipment), thereby increasing their rank in the game. Players can go in search of rare artifacts / relics / minerals, complete quests, team up with other players to defeat monsters and unlock rewards.

Mines of Dalarnia

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

The Sandbox

Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.

It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.

This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.

Moonriver

Gods Unchained is a free-to-play tactical card game that gives players true ownership of their in-game items. Led by the former game director of Magic The Gathering: Arena, the game focuses on competitive play, which means players must strategically outsmart their opponents by building decks that are able to combat a wide variety of tactics. In Gods Unchained players completely own their digital items, giving them the freedom to trade, sell and use their cards any way they like – just like owning real, tangible cards.

GODS is an ERC-20 token used as premium currency within the GU ecosystem. The tokens will be used to:

Create an NFT.

Used within the marketplace and for in-game purchases.

Distributed as a reward to players.

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

Gods Unchained

Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds. Due to this, Alien Worlds also has a decentralized finance (DeFi) element to the game, as players advance by staking TLM and using TLM to vote in Planet Decentralized Autonomous Organizations (DAOs).

Play-to-earn (P2E) NFT games have seen an exponential rise in popularity and value this year. Alien Worlds allow the players, called “explorers” to earn monetary rewards through gameplay or participation in Planet DAOs. By mining in Alien Worlds, a user is rewarded with the native, in-game currency — Trilium (TLM) or NFT packs. Players can stake TLM to boost their rewards or battle with other users for NFTs.

To date, Alien Worlds has established a fair amount of its roadmap, having TLM on Binance launchpad and farming period of TLM on Binance Launchpool. A large portion of game developments have been forged as well. Moving forward, Alien Worlds aims to automate the claiming process of daily allocation to landowners in the game. Artifacts NFTs are soon to be released, and future plans include NFT interoperability.

Alien Worlds

Audius is a decentralized music streaming protocol initially built on POA network, but now living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.

Audius aims to align the interests of artists, fans, and node operators through its platform powered by its native AUDIO token. Artists can upload music, stored and distributed by content and discovery nodes, that fans can listen to for free. Currently, Audius rewards content creators through rewards like featuring in the weekly trending lists. In the future, it plans to integrate stablecoins for artists to offer paid content, as well as artist tokens that give fans the ability to access exclusive content, potentially cooperating with platforms like Rally.

Audius

JOE (JOE) is the native token of Trader Joe, a decentralized exchange (DEX) on the Avalanche (AVAX) blockchain that offers DeFi services, including swapping, staking and yield farming. The exchange has been growing rapidly, attracting over $4 billion in total value locked (TVL) since it was launched in June 2021. Trader Joe claims to take a community-first approach, and to prioritize innovation, speed and safety. It aims to provide a one-stop-shop DeFi experience and to integrate new products without compromising on security. To achieve this, Trader Joe has outlined an ambitious roadmap that focuses on token-holder growth. It plans to have improved staking, non-fungible-token (NFT) exchange listings, the collateralization of the JOE token, and leveraged trading –– all during 2021.

SuperVerse

MBOX is the native utility token that is used for:

MOBOX

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.