Unknown Buyer Paid $215 000 For Virtual Land In Decentraland Project
Decentraland, a virtual reality (VR) platform developed on the Ethereum blockchain, recently sold a 126-parcel piece of LAND for 2,7 million MANA tokens or $215,000 to an unnamed user or organization.
Twitter user DCLBlogger stated that someone used the virtual project’s built-in marketplace to buy the estate with 2.7 million of the platform’s native MANA tokens.
LAND represents actual land in a 3-D virtual world that its owners will be able to use for whatever they want to once the project goes live. It is said virtual world has finite space, and in it each LAND token represents one 10m2 parcel.
Decentraland goes live at the end of 2018 beginning of 2019 and users will be able to use VR to explore it and interact with applications other users have built.
It is noteworthy that at the end of 2017, the project announced its partnership with the Ripio Credit Network (RCN). This partnership with Ripio will prevent users from spending too much money on the virtual land at a given time.
The CEO of Ripio, Sebastian Serrano, said that his company decided to support the LAND mortgage system in a bid to explore a new aspect of the industry. The ethereum-based decentralized apps can help improve our services.