Ethereum

Decentraland [MANA] announces SDK Alpha launch

Decentraland, the Ethereum based virtual reality platform has announced the launch of its software development kit (SDK) alpha.

Decentraland SDK would allow developers to create and deploy games and content on top of the platform. The SDK includes a CLI, alpha API and supporting documentation. Currently a developer using the SDK can build single user 3D experiences (which can be interactive as well).

Price action 

There was a big upmove in MANA prices for the past couple of days. Yesterday, the price had risen from $0.12 to $0.22 as per CMC prices. At the time of writing, prices had slid down to $0.15

It may be a possibility that the launch of the SDK would have been a factor in the rise.

A brief look at Decentraland

Decentraland is an open source platform which enable developers to own a particular area of the VR platform. The area is known as LAND and enables the developer to build virtual reality experiences for his users.

According to the whitepaper,

LAND is bought by burning MANA, a fungible ERC20 token of fixed supply. This token serves as a proxy for the cost of claiming a new parcel. The LAND contract uses a burn function to destroy MANA and create a new entry in the LAND registry. New parcels need to be adjacent to a non-empty parcel.

The key aspect of Decentraland is that it enables content creators to own the revenue of the content contributed on the platform. The record of ownership is made immutable with the use of the Ethereum blockchain. The content is distributed using IPFS or Bittorrent.

 

 

 

 


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Abhishek Ajit

Abhishek was the co-founder of Blockmanity, he has a background in finance and has a good understanding of Bitcoin and other Cryptocurrencies from an economic standpoint. He is passionate about research and fundamental analysis.

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