Introduction

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Within the Decentraland platform, users can create, experience, and monetize their content and applications.

Enter and explore decentraland

The finite, traversable, 3D virtual space within Decentraland is called LAND, a non-fungible digital asset maintained in an Ethereum smart contract. Land is divided into parcels that are identified by cartesian coordinates (x,y). These parcels are permanently owned by members of the community and are purchased using MANA, Decentraland’s cryptocurrency token. This gives users full control over the environments and applications that they create, which can range from anything like static 3D scenes to more interactive applications or games.

Marketplace

The Marketplace is the go-to place to trade and manage all your Decentraland on-chain assets.

Access the Marketplace at market.decentraland.org.

The Marketplace allows you to:

• Sell parcels and Estates of LAND, wearables, and unique names. Set your own price in MANA and an expiration date for the offer.

• Buy parcels and Estates, wearables, and unique names that are for sale.

• Transfer your Decentraland assets to another user.

• Explore the world through a map to see who owns what, existing wearables or claimed avatar names.

Note: Use builder.decentraland.org/land to:

• Name your parcels and Estates and give them a public description.

• Grant permissions to other users, allowing them to deploy on your LAND.

• Manage to create or dissolve estates.

Your Wallet

Before using market.decentraland.org, connect and log into an Ethereum client account that can interact with the web browser. It is recommend for players to us MetaMask. They also support the use of a Ledger hardware wallet.

Note: If you would like to use your ledger harware wallet in the Marketplace, it will require you to connect it towards MetaMask. Please ensure you follow all the given steps and updates to allow a seamless ledger usage.

When navigating the Marketplace, your wallet address is treated as your account, you don't need any additional log in.

The Marketplace currently hosts LAND and names solely on Ethereums network. Wearables differ between Ethereum and Polygons network. Ethereum based transactions require a GAS fee, paid in Ethereum. Wheras Polygon based transactions only require a small amount of MATIC, to perform actions in the Marketplace.

Buy MANA

To buy MANA in exchange for Ether:

1. Open your user Settings page.

2. Click Buy More next to your MANA balance.

3. This takes you to Kyber Swap, where you can easily exchange Ether to MANA.

4. Set an amount of MANA you'd like to receive or the amount of Ether you'd like to convert, then click Swap Now.

5. Confirm this transaction on your Ethereum client and wait for the network to verify it.

Buy items

To buy LAND, Estates, wearables or unique names in Decentraland:

1. Browse offers to find something on same that you'd like to buy and click it to open its details. (Tip: For LAND and Estates, you can also browse using the Atlas view.)

2. On it's details page, click Buy.

3. Confirm this transaction on your Ethereum client and wait for the network to verify it.

Note: If this is your first time buying something on the Marketplace, you will also be asked to confirm a one-time transaction to allow the Marketplace to accept MANA.

What is the DAO?

The Decentraland DAO is the decision-making tool for MANA, NAMES and LAND holders in Decentraland’s virtual world. Through votes in the DAO, the community can issue grants and make changes to the lists of banned names, POIs, and catalyst nodes. The DAO also controls the LAND and Estate smart contracts.

Issuing grants and making changes to the records and contracts owned by the DAO can only be done by using predefined proposals accessible in governance.decentraland.org.

These proposals, the votes submitted, and final results are all stored in IPFS via Snapshot, a gas-less voting client. Approved proposals with binding actions are enacted on the Ethereum blockchain by a committee by means of a multi-sig wallet. This committee is overseen by the Security Advisory Board (SAB), another multisig with trusted key holders. This Committee was voted into place by the community in the previous release of the DAO.

The DAO is powered by smart contracts

All DAOs, or decentralized autonomous organizations, are part of a new approach to organizational management and decision making made possible by Ethereum.

Ethereum extended what’s possible with blockchains by adding the ability to decentralize the handling of data more complex than just records of token ownership. Ethereum did this by allowing people to put smart contracts on a blockchain.

The DAO controls Decentraland’s critical smart contracts

The second important quality of smart contracts is their ability to own other smart contracts.

That’s right, every smart contract has its own address (just like the address of your Ethereum wallet) that allows it to own other smart contracts and cryptocurrencies.

So, in slightly more technical terms, a DAO is one or more smart contracts that can perform specific, pre-defined tasks and maintain ownership of cryptocurrencies. DAOs are built in such a way that they will only perform their tasks under specific conditions, such as the passing of a proposal voted on by a group of people who own a certain token (like MANA, NAMES or LAND). All of this is done on a blockchain. Hence the name, “decentralized autonomous organization”.

Decentraland’s DAO also owns a sum of MANA and other tokens along with the LAND and Estate smart contracts. This fund has been set aside to help sponsor community grants and to help grow the Decentraland platform according to the decisions and directions voted on by the community.

Tracking DecentralLand