Decentraland is a grand experiment of bringing together decentralized blockchain technologies and virtual worlds. Decentraland ICO raised over 26 million dollars, but it wasn’t without controversy where 5-9 whales came in to buy up all of the tokens within 35 seconds of the launch.

The big open question now is whether or not the current owners of these virtual plots of land can be able to create an integrated, WebVR-enabled, experience of a virtual city that can justify the speculative prices of more than $200,000 for some parcels of virtual land.

Decentraland is a grand experiment for many different blockchain technologies and governance models, but it’s also going to be adding an immersive & embodied layer into many other blockchain technologies that are otherwise just a virtual abstraction of cryptographic mathematical formalisms representing value exchanges. Whatever happens, there will be many lessons to learn from these early experiments of blending blockchain technologies with immersive VR worlds.

Here’s an update on Decentraland in this interview with Trevor Waldorf.

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Music: Fatality

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