Review on Decentraland by Ogulnar Annamuhammedova

Would you like to start by saying that I expect high expectations for virtual reality in the next 5 years. I am sure that sooner or later many jobs will be made from home, using virtual reality headsets and other necessary equipment. Moreover, there are new possibilities when we talk about entertainment.

Using virtual reality headsets, you can immerse yourself in an almost real world and you can do amazing things from the comfort of your own home. I have used the HTC Vive headset and I can tell you with 100% certainty that it will soon have a huge impact on the entertainment industry. All these possibilities, man. But right now, there is one thing that is stopping VR from going mainstream.

Decentraland will create a virtual reality platform where users will become the main owners, creators and players. Basically, they are creating a Second Life world that will be decentralized and owned by the users.

The project is aimed at solving the problems of centralization of platforms that host games and other applications. As you know, different platforms require high entry fees, they also have strict policies that prevent many applications from entering the market. Decentraland wants to change this situation and invite everyone to their platform.

The VR market will be a huge market with a lot of players. Many gaming companies will try to be the best at accommodating the emerging VR customer base, and this gives Decentraland the opportunity to cover this market sooner or later and be the best in it. I will be covering the volume of the VR market on another slide.

The whole concept is that this VR world is wholly owned by the users, and content creation is also up to the users. Of course, first of all, the team will do everything possible to fill the world with interesting sites, events and games. But users will be the only creators at the end.

The team has already made a prototype. You can try it simply by accessing the Decentraland web page and clicking the "Run" button. Currently the graphics are poor, the textures are even worse, but this gives you some idea of ​​what they want to achieve in the end. It also shows that they are really interested in creating something fun, but they need funds to hire people with good gaming experience and other professionals.

The main ecosystem currency will be MANA. There will be many ways to do this in the world, but the first thing you can do is buy a LAND parcel for 1000 MANA. This LAND inside Decentraland will only be yours, and you can build whatever you want. Including casinos, social clubs, cinemas and your own little crib. Performance is the limit. But we must not forget about the technological limitations that we will discuss later.

To ensure its functioning, the project uses various decentralized technologies to achieve true decentralization.

To make a working market inside Decentraland, they will present you with various monetization methods.