DCG’s New VC Fund Invests in Firms Building Products/Services for Decentraland

[PRIBO247]

On Thursday (6 December 2018), Digital Currency Group (DCG),
a blockchain-focused venture capital company founded by Barry
Silbert , announced Metaverse Ventures , a wholly-owned
subsidiary that will invest in companies building products and
services for Decentraland , an Ethereum-powered virtual reality
(VR) platform.

Decentraland's white paper describes it as a "blockchain-based
virtual world," where "users can create, experience, and
monetize content and applications." In this metaverse, land
is "permanently owned by the community, giving them full
control over their creations." Users are able to "claim ownership
of virtual land on a blockchain-based ledger of parcels,"
and landowners can "control what content is published to their
portion of land, which is identified by a set of cartesian
coordinates (x,y)." Contents "can range from static 3D scenes to
interactive systems such as games."

Land is "a non-fungible, transferrable, scarce digital asset stored
in an Ethereum smart contract". It can be purchased by spending
MANA , an ERC-20 token, which may also be used for making
"in-world purchases of digital goods and services."

Here are a few more facts about Decentraland:
"Each parcel of LAND within Decentraland is 10 meters by 10
meters."
"The Decentraland SDK has been optimized for developers
who want to build social games and applications on top of
Ethereum. These take the form of 3D scenes, comprised of
3D models, textures, sounds, and scripts. Scenes can range
from static and single-player, to interactive and multiplayer."
Users will be able to explore Decentraland via a web client
that is currently being developed.
"Decentraland is not controlled by a centralized
organization. There is no single agent with the power to
modify the rules of the software, contents of land, economics
of the currency, or prevent others from accessing the world."

On 5 January 2018, Silbert, the Founder and CEO of DCG, tweeted
about how excited he and DCG were about Decentraland:

"Decentraland is one of the projects I'm most
excited about this year. Think of it as Second
Life + VR + crypto ($28 mm of "virtual" land
was just sold)."

Source : https://www.cryptoglobe.com