Decentraland’s Genesis City Sells Near $100,000 (MANA) Of Virtual Land


One of the greatest advantages of the Decentraland platform is that it is entirely owned by the users that play on it. The group keeps bringing in new money to support it, including a recent 40-parcel sale within Genesis City. A user spent 1.3 million MANA on the purchase, which is worth approximately $95,000.

The virtual space inside Decentraland is called LAND, which is accessible with a VR headset and a web browser. Everything is maintained within smart contracts, hosted on Ethereum, and divided into parcels that community members own. The integrated marketplace allows users to buy and sell these parcels, which can be used for online businesses, games, and others.

This recent purchase marks of the largest acquisitions that Genesis City has seen.

Decentraland recently made headlines only two days ago with SludgeFeed for the launch of a VR game called Chainbreakers. Chainbreakers was developed by Qwellcode, which specializes in developing VR blockchain games, and there are presently no other dApps hosting it. The game engages users with role playing protocols in a landscape that is a stylized version of ancient Greece. The storyline involves the corruption of the Grecian government, which is at war with player-run rebels.

The annoucement from Decentraland on October 20th says, “As players progress through the story, they are encouraged to explore the entire map of Decentraland in search of “questing areas” (hosted on parcels and estates distributed throughout Genesis City) where they can free slaves to recruit as soldiers in their armies, crawl dungeons in search of loot and powerful items, or enter battle with armies from the oppressive regime.”

The game will be available to the current independent LAND owners, providing them with a chance to host the questing areas. Users will be reimbursed, and even have a percentage of the dividend pools.

In-game items are represented by non-fungible tokens (NFT). The crowd sale for Chainbreakers will be on November 1st and will give a chance for any investor to make in-game NFT weapons purchases.

The team for Decentraland said, “On the surface, Chainbreakers resembles many beloved RPGs of the past, but the team at Qwellcode is helping to redefine the genre through their integration of genuinely scarce in-game items represented by NFTs and cryptocurrency rewards for successful and engaged players.”

Based on information from CoinMarketCap, MANA is presently ranked at #83, and is trading at $0.071358 per token.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide