@Bragato18 22 April 2021 more from that month

Introduction to Decentraland - The Building Blocks Series #2 Recently 5 new digital currency Investment Trusts were launched. The new Investment Trusts are: Grayscale Basic Attention Token Trust Grayscale Chainlink Trust Grayscale Filecoin Trust Grayscale Livepeer Trust and Grayscale Decentraland Trust Yesterday Grayscale released the latest report in the Building Blocks series. I have attempted to summarise the 14 page report. Grayscale Building Blocks - An Introduction To Decentraland

Decentraland is a blockchain-based virtual world that allows users to build their own tools, games, content, and markets, among other things. Land in Decentraland is owned by the community, giving them control over their creations. Decentraland utilizes two functional digital assets LAND, which is a non-fungible token with a unique coordinate location representing ownership in the metaverse, and MANA, which serves as the unit of account to assess the price of LAND and is used to pay for goods and services in Decentraland.

Brief History Of Decentraland In 2015, two blockchain developers, Ari Meilich and Esteban Ordano published the Decentraland whitepaper. In the development stage called the "Stone Age", Decentraland began as a proof of concept for allocating ownership of digital real estate to users on a 2D grid using a blockchain. In 2016, the next development stage called "Bronze Age", was  a 3D virtual world divided into blocks of land using a modified version of the Bitcoin blockchain. Tokenomics

The initial funding for Decentraland was conducted via an ICO in August 2017. 2.81 billion MANA were created in connection with the launch of Decentraland. No further MANA can be created. 1.12 billion MANA were sold through the ICO for $25 million. Following the ICO, all additional MANA tokens are sold by a smart contract in fixed intervals that started at an inflation rate of 8% per year. Market Cap Ranking                #71 All Time High                            $2.05 AUD        April 17, 2021 Circulating Supply                    1,327,372,145 Maximum Supply                      2,194,443,327

LAND

LAND is a non-fungible token that divides Decentraland using ERC-721 (development standard on Ethereum that outlines how to build non-fungible tokens). LAND is non-fungible because every parcel of LAND has a different set of (x,y) coordinates in Decentraland. The value of LAND is based on its adjacency to other LAND and its ability to host content and connect users in Decentraland. The highest price paid for a parcel of LAND was over $150,000 while the lowest was under $200.3 Developers and other content creators may demand LAND to build on and to reach their target audience. Parcels of LAND may also be further organised into themed communities based on common interests, known as Districts. Users can package multiple LAND parcels into Estates to more easily manage their holdings. Estates are organised under one user’s ownership whereas Districts are organised within a community. MANA the native digital currency in Decentraland and is a ERC20 token. used as the unit of account for users to pay for goods and services and LAND. burned (removed from circulation) when used to pay for fees at the marketplace and during any primary sales of goods on Decentraland. Additionally, MANA gives users a vote per token while LAND gives users 2,000 votes per token in the Decentraland DAO. Metaverse

A scene from a Fashion show in Decentraland.

Users playing games in the Decentral Games Casino.

The DCG team listening to music in Decentraland. Grayscale Final Thoughts

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