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Announcing Decentraland’s Genesis City

Announcing Decentraland’s Genesis City How to claim, develop, and monetize your LAND.

We’re getting close to our token sale on August 17th. The sale will finance the development of Decentraland’s Iron Age, an ambitious milestone that will include:

A peer-to-peer network, allowing users to interact. A micropayment system, creating an in-world economy. A land management interface to develop, buy, rent, and sell LAND. A scripting language so landowners can program custom experiences.

By participating in our token sale, you’ll be able to buy ownership in the first decentralized VR platform. IDC projects the AR and VR markets to grow from from $5.2 billion in 2016 to $162 billion by 2020. Decentraland aims to be a major player in that growth.

When Can You Claim Your LAND?

Our ERC20 token, MANA, will be directly exchangeable for LAND. In Q3 2017, we will announce the Terraform Event, after which you can exchange your MANA for LAND.

Details of Your LAND

Decentraland is a connected world formed by parcels of LAND. When claiming LAND, there are a few things to note:

Each parcel has an area of 100 square meters (roughly 1,080 square feet). You can only claim LAND that is adjacent to previously claimed parcels. This improves the value of your LAND as it will be connected with the rest of the world. You have complete control: only the LAND owner can define the content of their parcel. LAND ownership is transferable. You can buy, sell, rent, or lease LAND at your will. Blockchain Partnerships Give You Flexibility

We’ve already announced several partnerships with other blockchain platforms, including Aragon, disctrict0x, Coral, and more. These partnerships will help maximize the long-term value of your LAND.

For example, you will be able to monetize your property through rentals, leases, and sales. To facilitate a secondary market, we’ve partnered with disctrict0x. Their decentralized m...

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