Decentraland was the first large virtual world to record land and asset ownership on the blockchain, and it is governed by user vote. The idea is pioneering, but the active population is small and the experience is still heavy.
Founded
2017 (Buenos Aires)
Based in
Decentraland Foundation
Business model
Decentralised virtual world on Ethereum
Available in
Most countries, except Iran
Score by criterion, against the category
The tick on each bar is the category average; the signed number is the distance from it.
Asset security and clear ownership72-3
Fees and costs66
Depth of worlds and assets58-18
Innovation74-5
Accessibility and experience54-16
Good fit for
Anyone for whom transparent digital ownership matters
Virtual events, exhibitions and galleries
Learning about decentralised governance (DAO)
Less suited when
Anyone who wants a busy, content-rich world like Roblox
Anyone who does not want a crypto wallet and its risk
Strengths
Land and asset ownership on the blockchain, transparent and transferable
Governed by token holders (DAO)
Guest entry from the browser, no wallet needed
Virtual events and exhibitions
Opportunities for improvement
Room for improvement in: Few daily active users
Room for improvement in: Land and MANA token prices are volatile
Room for improvement in: Heavy to run, with an uneven user experience
Verdict
Interesting for understanding digital ownership and virtual events; as an investment, high-risk.
What Decentraland actually is
Decentraland was started in Buenos Aires in 2017 by two Argentinian developers and opened to the public in 2020. Land (LAND) and assets are Ethereum tokens.
What you pay and what you get
Entry is free; buying land and assets uses the MANA token plus network fees.
Where it is strong
Transparent ownership and decentralised governance genuinely deliver the Web3 metaverse idea.
How it can improve, and what we could not verify
Active population and content depth are far below centralised worlds. Access and trading from Iran could not be verified, so it is not in the Iran view.
Questions about Decentraland
Do you need a wallet to enter Decentraland?
No; you can enter as a guest, but owning assets needs a wallet.
What is MANA?
Decentraland's crypto token for buying land and assets.
Is Decentraland land a good investment?
This score is not investment advice; prices are highly volatile.
Was this review useful?Thanks, noted.
Disclosure: Seemerce is developing products in some of these same areas (Seemerce Infinity). Scores are editorial assessments by Seemerce based on public information. Companies can send corrections or a reply to mahdiparto94@gmail.com. Names and logos belong to their owners and are used only to identify them; Seemerce is not affiliated with or endorsed by them.
This site only needs essential cookies to work. With your permission, we also use Google Analytics to learn which pages are most useful. It is your choice, and you can change it at any time. Cookie Policy
