hi guys welcome back in today's video we will be talking about the decentralized project
this video is not a financial advice it is just for educational and entertainment purpose only
so please do your own research without further ado let's get into it
all right so this is the website of decentraland or you can access it by going to decentraland.org
it's a place where you can create explore and trade the virtual world which will be owned by
the users itself you can explore lands which will be owned by users and experience incredible scenes
and structures whether it's a space adventure or a dungeon maze to an entire village crafted from the
minds of you people out there you can create so you have the opportunity to create scenes artwork
challenges using this simple builder tool and you can take part in the events so that you can win
prizes as well you can also fill this platform with various social games and applications you
can buy and sell land estate variables names in the decentralized marketplace so it's a really
good way for you to trade make some money as well they do have upcoming events that you
can participate in or keep an eye on so we have maf metawars wedding ceremony and when you click
point of interest you're gonna see different sorts of projects and events you can participate in so
when i take a look at the graffiti queen i will come to this page where i can take apart in this
world and i can play in it so you can play using your wallet so over here you need to have meta
mask or any of the other options listed over here or you can play as a guest as well we're gonna
do play as a guest just to show you a glimpse of the game what to expect we can pick our own after
the skin tone like that you can also pick whether you want the person to be male or female you can
also design the head in a certain way the bottom shoes accessories so yeah there are like a lot of
options so you can get really really creative with it if you want to just randomly create an element
just do that and i'm gonna click done then you have to give a name to your after so we'll put
that as kate for now and then you have to enter your email address i'll click next accept the
terms of service just to read through this and scroll to the bottom i'm gonna click i agree so
when it comes to decentraland you can determine the future of the virtual world it is controlled
via dao which owns the most important smart contracts and assets of decentraland they also
have a blog post so you can follow them to stay updated about what to expect in this project they
also have a marketplace over here you can see different items listed so let's take a look at
this one for example it's known as temple x max capacity over here we have a little description
the creator the collection name as well you can see the latest sale and over here you can
see the price and if you want to buy it you're just going to click buy and follow the prompts
so when you click builder over here you can see all the land names collections and scenes that you
create when you click docs you can see and read through the entire article that gives you more
insight into decentraland they currently have two digital assets so they have land the non-fungible
parcels in which the virtual world is divided and mana which is an erc20 token that will be burnt to
claim the land token as well as also used to make the in-game purchases so the utility of land is
based on the attention herb so its ability to host applications and identify various mechanisms the
developers and other content creators will demand land so that they can build on top of it and they
can reach their target audience so every unclaimed land can be purchased at the same exchange rate
so that is thousand mana equals one land and land parcels are quite distinguishable from each other
they can be traded at different prices on secondary market because of difference in
the traffic they get and the adjacencies whereas manap serves as a proxy to assess the price of
the new parcel of the land mana can we use to buy goods and services in the virtual world and
create utility for that token as well when you click the events tab you will come to this page
and over here you can see currently on june 22nd the event 24 7 metawars pride parade is happening
it is organized by qinwan it has started 14 hours ago it's live so if you want to jump
in you can just click jump in wait for it to load and follow the prompts take a look at
the blog to get more insight into the project new updates they have what they're working on and also
simply to educate yourself so currently this is loading and i am not gonna wait for it but
this is how you can jump into various events participate in this virtual world and this is
their twitter page they have a following of 631.1 key followers which is pretty impressive so i
really like this project and the idea of having a virtual world getting into it building a community
in that virtual world so it's really cool really futuristic definitely worth checking out thank you
so much for watching i hope you guys enjoy this video found it helpful please don't forget to hit
the like comment and subscribe and i shall see you guys in my next one till then take care bye