BITCOIN / BLOCKCHAIN/ CRYPTO CURRENCIES

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HUGE NEWS!!

MANA to explode to $1+ now!

Samsung Adds Support for Blockchain VR Platform Decentraland

Samsung’s Blockchain Wallet App now supports the native tokens of Decentraland, LAND and MANA.

Decentraland is an Ethereum-based blockchain platform where users can purchase, build and monetize virtual reality applications. Users can purchase virtual land in the platform’s world which gives them ownership and control over the environment and applications they create within their land.

Created in 2015 by Ari Meilich and Esteban Ordano, Decentraland started as a simple, pixelated grid that allocated pixels to users through a proof-of-work algorithm. Decentraland has since then evolved into a new, 3D world in which users utilize two tokens to interact with the platform and purchase land, goods and services “in-world.”

It is divided into a limited number of parcels known as LAND (represented by a non-fungible ERC-721 token), which can be purchased with MANA, an ERC20 token. The owners of each parcel of LAND are provided full creative freedom within their parcels and receive all income generated by their creations. 

In order to foster the network and attract new users, the Decentraland Foundation has hosted a variety of contests to create art, games, applications, etc., and developers and content creators were rewarded as a result. Furthermore, new users were given allowances of MANA tokens which facilitated their immediate interaction with the virtual economy.