Decentraland Review: Unique Features and Capabilities

Decentralad Defined: A Public Good

As Decentraland continued to grow throughout 2022, the identity and mission of the platform, as well as what sets it apart from other Web3 platforms, became clearer than ever. Decentraland is a virtual social world and the only decentralized, open-source Web3 platform that is built in the open and with the intention of being a public good. Anyone can contribute to it, it’s owned and governed by its users via the Decentraland DAO, which powers the platform. And it is supported by the nonprofit Decentraland Foundation that works to grow and nourish both the platform and its community.

Decentraland members are not a product, and the platform is not monetized by selling user data or pushing NFTs. In fact, the lack of true monetization is what makes Decentraland such an exciting place of potential and freedom, allowing it to serve as a public good.

Decentraland’s Marketplace Review: A Creator’s Paradise

Decentraland’s Marketplace also saw significant growth in 2022. It is a space where creators can publish and sell their content (Wearables and Emotes). Not only is Decentraland the only platform where user-generated content is community curated, but it also enables creators to take home 97.5% of their revenue. More than any other platform, it has a royalties system in place. The 2.5% of all transactions that are collected in the Marketplace goes to Decentraland’s DAO, the community governance system. And much of it is put back into Decentraland’s community in the form of grants.

Decentraland’s DAO Review: Power to the People

Above all, Decentraland’s DAO saw significant growth in 2022.Firsly, It is a community governance system that allows users to vote on proposals and make decisions that shape the future of the platform. In 2022, the DAO saw an increase in voter participation, which led to more community-driven decisions and a more inclusive platform. The DAO also granted more funding to community-led projects and initiatives, further empowering the Decentraland community to shape the future of the platform.

Data: Explosive Growth in NFT Activity

In addition, Decentraland saw explosive growth in NFT activity in 2022. Over 2.7 million NFTs were minted, a 440% YOY increase. This growth was driven by a surge in user engagement, with over 1 million unique active users, a 12.9% YOY increase. Additionally, Decentraland’s desktop client saw 161k downloads, 143.9k wearables were sold, a 510% YOY increase, and 47.4k scenes were deployed using Decentraland’s SDK, a 696% YOY increase. 22.7k emotes were also minted, providing users with a wide range of expressive options.

Decentraland Events and Creators Review

The Decentraland community created a wide range of events in 2022, with over 2.8k events created, a 169% YOY increase. These events provided users with a wide range of entertainment options and opportunities to connect with other members of the community. Additionally, 755 creators received royalties for their work, providing them with a financial incentive to continue creating and innovating on the platform.

Decentraland Partners and Future Outlook Review

Decentraland onboarded over 200 partners in 2022, further expanding the platform’s reach and visibility. These partners include a wide range of companies, organizations, and creators from across the Web3 space. As we look ahead to 2023, Decentraland’s commitment to being a public good, empowering its community, and fostering innovation will continue to make it a unique and exciting place to be in the Web3 space.

In conclusion, 2022 was a transformative year for Decentraland. The platform and community have grown and evolved in ways that were not imaginable just a year ago. Decentraland’s commitment to being a public good, empowering its community, and fostering innovation will continue to make it a unique and exciting place to be in the Web3 space.

Read now Decentralanad 2023 Manifesto!