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Create An NFT Marketplace Like Decentraland To Elevate Digital Platforms

Darlydixon's picture
Submitted by Darlydixon on Wed, 12/08/2021 - 02:06

NFTs are the current buzz in the crypto space. This domain has been adopted to various business sectors and the gaming industry is the most prominent one. It has paved the way for a whole new world of the marketplace and playing games on the blockchain and the Decentraland platform is the primary example of this integration.

Decentraland is an avatar-based game. It is based on an Ethereum virtual universe where the user can explore and communicate with the blockchain space seamlessly. In this open-world game, the user can buy digital products called parcels, which can be used to create their own ecosystems, applications, and marketplaces. The decentraland game has three major native tokens, such as MANA, Estate, and LAND. These tokens issue a special role in stabilizing the market range of decentraland. Since it is based on the Ethereum blockchain, these native tokens are built on the efficiency of various Ethereum tokens, such as the ERC-20 token standard for MANA, and the ERC-721 token standard for Estate and LAND. These integrations of native tokens serve as the moving force behind this NFT game’s currency.

The Decentraland game is played via an avatar. The player can experience and explore this ecosystem through these special and unique avatars. Numerous activities, ranging from purchasing digital arts to learning at the decentraland educational sectors, almost everything that is possible in the real world. These rewards, incentives, and revenue are gained in this platform are very unique and special and they possess market value and transferability as digital products in the real world. These digital products can be traded over secondary marketplaces.

By taking every beneficiary feature into account, it is a strategic move for businesses to kick start their crypto journey by developing their own NFT marketplace like Decentraland?. By developing it, businesses are expected to earn enormous profits and attract an enormous amount of investors traction in a short duration of time.