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Bring To Life A Virtual Reality Platform With Decentraland Like NFT Marketplace Development

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The total sales volume of Decentraland accounted for $2.93 million, with one Decentraland NFT being sold for $18.9k. Want to know what is the exclusiveness of the Decentraland marketplace? Does the statistics encourage you to get started with Decentraland like NFT marketplace development? Then you’ve arrived at the most right place. Here in this blog, let us know the depths of the Decentraland clone and how you create it.


Decentraland Like NFT Marketplace Development

What Is Decentraland Clone Marketplace?

The famous Decentraland clone is a blockchain-based virtual reality platform that runs on the Ethereum blockchain. It holds all the pivotal features and functionalities of a Decentraland marketplace. Leveraging the Ethereum blockchain network, it accords users with the ownership rights of the digital land. It also requires users to hold MANA tokens within their Ethereum wallets to engage in the ecosystem.

To put it briefly, the Decentraland clone platform allows users to explore, create, play games, collect wearables and monetize creation. It grants users the ownership rights of the ecosystem and the applications they create within that.

 

Tokens That Can Be Used In The Decentraland Clone Platform:

Decentraland clone basically uses two tokens: MANA and LAND. Both are different tokens, each defined by specific smart contracts.

Land: It is an ERC-721 token that is interchangeable. It defines the ownership of the land parcels in the virtual world.

Mana: It is a native ERC-20 token that is used to pay for goods and services in the Decentraland. It also bestows users with the voting rights to have a say in the upgrades of Decentraland DAO.

 

Wrapping Up,

If you want to gain more insights on Decentraland like NFT marketplace development or wish to launch one for your business venture, we got you covered. Ring our experts to gain complete knowledge on this. 

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