Decentraland – Explore Virtual Worlds with EPNS

With the creation and the mainstream adoption of Blockchain technology, the Metaverse has come into existence. Now we’ve all heard the word ‘Metaverse’. But what is a Metaverse?

Metaverse is the combination of two words, Meta from the Greek origin meaning ‘Beyond’ and Verse meaning the Universe. By combining the two we get the term a Universe Beyond our real universe.

The term Metaverse was first used by Neal Stephenson, a sci-fi writer in 1992 when he described it as a three-dimensional virtual reality space. We’ve seen the concept of Metaverse in movies like the Matrix, Ready Player One, or The Free Guy. So it’s not entirely a new concept but the Blockchain technology has turned this concept into reality.

The metaverse is the next iteration of the internet. Metaverse is going to bring in revolutionary and unimaginable changes that we thought were impossible a few years ago to day-to-day life.

As per the Institution of Engineering and Technology (IET)’s new ‘Safeguarding the Metaverse’ report, it was revealed that ‘The next generation could spend up to 10 years in virtual realities over the course of their lifetime.’

The changes brought in by the Metaverse cannot be avoided as it is going to have the biggest impact on the future of technology in the coming years. The mainstream adoption of Metaverse is not very far away.

In simple words, Metaverse is a three-dimensional augmented virtual reality where users participating in the Metaverse can interact with each other in each other on a virtual plane from anywhere at any time.

The Coronavirus pandemic helped in the speedy adoption and acceptance of the use cases of the Metaverse. Metaverse has use cases ranging from mostly gaming to virtual shopping to education to virtual working spaces to virtual tourism to virtual real estate to social networking.

One such Metaverse is Decentraland.

History of Decentraland

The first phase of the Decentraland experiment was entitled Decentraland’s Stone Age. It was a proof of concept which allocated the ownership of digital real estate to Blockchain users. On an infinite 2D grid the digital real estate was implemented as a pixel, each pixel encompassed metadata that identified the owner and described the pixel’s color.

After its Stone Age, came Decentraland’s Bronze Age which divided a 3D virtual world into land parcels. In this age, the users could run a node, download and verify the Blockchain, and explore the world through advanced instructions.

Then came Decentraland’s Iron Age, which created social experiences driven by the existing layers of land ownership and content distribution. In the Iron age, users will be able to develop their land or create applications on Decentraland, distribute them to other users, and monetize on such applications.

What is Decentraland?

Decentraland provides an infrastructure to support a shared virtual world AKA metaverse.

This metaverse project was created in 2017 as a decentralized 3D virtual reality that is divided into land parcels and users can buy those land parcels or sell them in its digital world.

Decentraland is partitioned into four categories, roads, plazas, districts, and land.
Mana has themed districts that aren’t for sale, but users can visit the districts. Plazas and different events are created for attracting more users and Plazas aren’t for sale either. Thus making MANA an alternate reality for real-world activities.

Use Cases of Decetraland

A. Applications

The scripting language of Decentraland will facilitate the development of applications, games, dynamic 3D scenes, and challenges. The scripting language is designed such that it can handle a variety of capabilities including loading textures, creating objects, sounds, payments, etc.

B. Content Curation

Neighborhoods sharing the interests of the users will be visited by users. Being located near high-traffic hubs will drive users to the landowners’ content.

C. Advertising

Billboards near high traffic land parcels will host advertisements by Brands for the promotion of their events, products, and services. In Decentraland this use case can turn a few neighborhoods into the virtual iteration of Times Square in New York City. Other than that brands can create shared used experiences to engage users with their products or services.

D. Social

Communities on a 2D platform or community spaces created online can meet up in real-time in Decentraland in their selected Avatars and thus port their group on a 3D virtual platform. Any other offline community can also gather in the Decetraland and have a more immersive real-time experience.

E. Digital Collectibles

Users can distribute, publish and collect rare digital assets issued on the Blockchain by the creators of such digital assets and such assets can be traded within the Decetraland Metaverse.

F. Other Use Cases

There are no limitations or technical specifications as to what can or cannot be built on Decetraland. Other use cases can include education, shopping, therapy, and virtual tourism among many others.

Other than the above use cases, Decentraland has its very own marketplace where users can trade their digital assets.

MANA is the native token of Decentraland, it is an ERC-20 token i.e., based on an Ethereum Blockchain. This token is used for the buying and selling of land parcels or for any digital asset trade on the platform.

Decentraland is the first fully decentralized world, which is controlled through the DAO, which owns the most important smart contracts and assets of Decentraland. Through the DAO users vote and take decisions on how the virtual world will work.

Collaboration between Decentraland and EPNS

This collaboration is huge for both projects. As Decentraland provides an immersive 3D experience an altered reality where users interact and experience a virtual world.

The co-founder of EPNS believes ‘Decentraland is revolutionizing user interactions over the internet,’

The Decentraland platform will help in creating many online communities with better real-time shared experiences and the only icing on the cake would be for the users to receive real-time notifications and updates associated with their Avatars or Digital Assets in Decentraland and EPNS can help with that. EPNS will be able to send users of Decentraland real-time push notifications directly to their linked digital wallets.

Users who subscribe to the channel of Decentraland created on the EPNS protocol can receive updates about:

A. When a bid is offered on their Non-fungibles.

B. Whenever the bid is accepted.

C. When the order is executed.

D. Events hosted that are of their interest.

F. New Themes in the districts.

This collaboration will play a fundamental role in the growth of both projects.

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