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    Virtual Game World Decentraland Launches On Ethereum, $100k In Hidden Prizes

    A virtual game that is developed on the Ethereum network has finally been launched to the public, the Block reports.

    The new game allows users to access their Ethereum wallets and have the capacity to buy digital real estate which will be in the state of non-fungible token mostly known as NFT which will be called LAND.

    Decentraland is set to provide a fresh experience that is known as ‘metaverse’ where various game aspects meet and engage within a shared digital world. The new platform looks forward to evolving into a fresh social experience.

    Unlike other games such as Second Life as well as World of Warcraft whereby the game creators are the ultimate owners of the entire game items, on Decentraland, transactions will be recorded within the Ethereum blockchain whereby token holders will have the entire control of all the digital properties they create and possess.

    Since the game has been launched, the game builders will have an opportunity to utilize the software development kit (SDK) within Decentraland platform to develop engaging 3D scenes within their bought lands without needing to code. According to the official statement released by the firm, the game comes with a marketplace allowing players to conduct a trade for their LAND tokens, wearables, accessories as well as their avatars’ names.

    Following the launch of Decentaland, $100,000 worth of virtual items have been set aside for the early explorers. In addition, 15 intro games have been set up which will introduce the game explorers to how Decentraland works. Players who will explore these intro games will be eligible for awards as well as treasures just for playing. Additionally, these non-fungible tokens can be traded for various types of crypto tokens just as was the came for other games like CryptoKitties and they can easily rise in value.

    According to Federico Molina explained that the game will be the inaugural virtual world which is developed on blockchain technology. He went on to add that people will have a chance to earn profits through playing which will enhance the virtual entertainment sector.

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    Joseph Kibe
    Joseph Kibe
    Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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