How Decentraland’s Blockchain Powered Model Illuminates Our Digital Future

    Published on:

    Ownership in the digital realm has always been difficult to crack. That genius tweet you sent? It’s a simple copy and paste to prevent theft. What about your beautifully edited photo work? Right click, save as. Even major content providers such as movie studios, production companies and publishers find it very difficult to control the flow of content.

    However, the advantage for content creators selling on the Internet is that they can sell their products to whoever they want without content restrictions, curation, fees or levies.

    This is the level of commercial freedom that has established the Internet as the home of 21st century commerce. But how do we maintain that freedom as we move into the virtual world with VR, AR, and other immersive technologies?

    This is exacerbated by the fact that the tech world is now looking to acquire vast and expensive land for the burgeoning VR market.

    The likes of Facebook and Microsoft have invested heavily to create VR platforms, and both companies are aiming to create platforms that are, in effect, what they see on these platforms and what companies want to see there. You will have complete control over how much you charge.

    Proponents of decentralization say these centralized platforms give owners too much control over the content users consume. They argue that a decentralized his VR space is sorely needed if VR is to thrive like the internet.

    input Decentraland, a blockchain-based virtual reality world. In December, Decentraland held its first real estate auction, with an early customer buying a parcel of virtual land for his MANA, Decentraland’s blockchain currency. Land is limited and there is no limit to how high it can be developed, but each square of land is only 10 square meters in size.

    The advantage for investors of the platform is that, in addition to the limited amount of land available, Decentraland is built on the Ethereum blockchain, so ownership of items is encrypted with smart contracts. It is established and no one (not even the founder) can steal or change it. User property. Once they own the land, it’s up to them to do whatever they want.

    The end result is a virtual environment that behaves as freely as the Internet, allowing customers to build their own 50-foot bronze statue, casino, sex shop, children’s clothing boutique, or whatever they want. .

    The idea proved appealing, and Decentraland moved 34,548 parcels of land at auction in December. While this is certainly an innovative use of blockchain, it is not the only one.

    Words like “blockchain” and “crypto” get a lot of buzz, but the value of a secure, neutral platform to build on is undeniable. starting.

    Barclays, Credit Suisse and UBS all ethereum Online casino comparison sites similar to blockchain These guys We compare dozens of casinos that accept cryptocurrencies to facilitate completely anonymous online gambling.

    Additionally, cryptocurrency transparency makes it easy for customers to see how fair the game is.There is even a movement to try Build a voting platform on the blockchain!

    This is a signal that the value of blockchain, which is obscured by the headline-grabbing nature of coins like Bitcoin, is – slowly! – fully realized. Only time will tell how the race for VR infrastructure plays out, but with the underlying blockchain and enough interest, decentralized platforms have a very good chance of succeeding.


    Leave a Reply

    Please enter your comment!
    Please enter your name here