Decentraland is a decentralised 3D virtual reality platform powered by the Ethereum blockchain; it was opened to the public in February 2020, and is overseen by the nonprofit Decentraland Foundation.

Decentraland was originally created in 2015 by Argentinians Ari Meilich and Esteban Ordano. Initially, it was a just pixelated grid that allocated pixels to users through a proof-of-work algorithm. Decentraland later evolved into a 3D world.

following the 2020-2021 boom in NFT art, the most desirable digital real estate in Decentraland was selling for more than $100,000.

Decentraland DAO

The Decentraland DAO owns the most important smart contracts and assets that make up Decentraland – the LAND Contract, the Estates Contract, Wearables, Content Servers and the Marketplace. It also owns a substantial purse of MANA which allows it to be truly autonomous as well as subsidize various operations and initiatives throughout Decentraland.

Through the DAO, you are in control of the policies created to determine how the world behaves: for example, what kinds of wearable items are allowed (or disallowed) after the launch of the DAO, moderation of content, LAND policy and auctions, among others

Voting takes place on the Decentraland DAO's governance interface, powered by Aragon.

MANA has already been fully decentralized, in the sense that the private key that controlled its smart contract has been thrown away

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