Decentraland Looking More & More Like a Virtual World -- But Maybe Less Than What Investors Hoped

Ryan Schultz has an in-depth, in-world look at Decentraland, which in 2017, raised USD $25 million In Ethereum to fund development of the open standards virtual world. In the two years since, many have speculated that Decentraland might be vapor or mere tulip-mania over virtual land that with no actual world. But Ryan's embedded reporting reveals it looking more and more like a thriving virtual world -- though maybe not as full-featured as its many investors expected:

So, what do I think overall? Well, I will say this: Decentraland does have potential. There’s a certain charming, Minecraftesque visual appeal to the low-poly construction I see happening all over Genesis City. I suspect that DCL will prove somewhat popular with tourists who want to wander around and look at the sights.

But I do wonder if some of the early crypto investors who piled on during the MANA ICO (Initial Coin Offering) and the two LAND auctions are going to feel bitterly disappointed. What we’ve got at launch is not quite what was presented as possible during this two-year-old promotional video, which inflated expectations among investors:

Read his full report here.

Comments

[Ryan Schultz]

Thanks for the shout out, Wagner!