Decentraland Dominates: The Top Metaverse Site & Project of the Year
Decentraland is a blockchain-based virtual platform where users can explore and build in a self-sufficient economy. Users can monetize their virtual experiences and own in-game items through non-fungible tokens (NFTs) that are registered on the blockchain. The platform is built on Ethereum and uses two digital assets: LAND and MANA. LAND is an NFT representing virtual land parcels, while MANA is the platform's native currency. Decentraland encourages users to contribute creatively to the virtual world, and the platform is controlled by a decentralized autonomous organization (DAO) for democratized decision-making. However, Decentraland's graphics and lack of mobile support are limitations.