Blockchain based virtual world Decentraland partners with WAX and OPSkins

Decentraland and WAX today announced that the company’s virtual assets will be available on OPSkins, the world’s leading marketplace for online video game assets and are tradeable with WAX Tokens, Bitcoin, US dollars, Euros and dozens of other currencies.

Decentraland is a decentralized virtual reality platform which allows users to create, experience and monetize their content, games, and applications, the platform’s Marketplace went live last week. Decentraland’s mission is to create a virtual world that is owned by its inhabitants.

Decentraland is made up of thousands of 10 square meter parcels of virtual space. These parcels are represented by LAND, a non-fungible token, and are identified using cartesian coordinates. LAND owners can build and publish 3D content and applications, such as Ethereum games, on their LAND. Each parcel of LAND is unique since its geographic location and distance from the center of the virtual world play a large role in determining how much foot traffic (and visual traffic) it gets.

Once complete, the infrastructure and governance of Decentraland will be fully decentralized and free from the control of a corporate entity. This is being achieved through tools and platforms like Ethereum and the InterPlanetary File System. The very LAND that makes up Decentraland is tracked on the Ethereum network using non-fungible ERC721 tokens, which can be bought and traded like any other unique digital asset, placing ownership of the metaverse in the hands of its users.

Ari Meilich, Project Lead of Decentraland said:

“The team here at Decentraland is extremely excited to be partnering with OPSkins. Listing our LAND from Decentraland on the OPSkins marketplace is a great step toward expanding the exchange of Crypto Collectibles and other unique digital assets.”

“Blockchain-based non-fungible virtual items add an exciting and lucrative new concept to the cryptosphere,” said Malcolm CasSelle, CIO of OPSkins and President of WAX. “Decentraland is helping further establish the Crypto Collectible marketplace, which OPSkins and WAX are excited to be key players in developing. The integration of Decentraland onto the OPSkins platform creates additional utility for WAX Tokens and incentivizes more players to join the ecosystem.”

Decentraland’s non-fungible ERC721 tokens will be the latest to be added to OPSkins and tradable with WAX Tokens — the first was CryptoKitties in December 2017, and there are more to come. OPSkins is becoming the go-to marketplace to trade Crypto Collectibles. OPSkins boasts over two million weekly transactions on its platform, has millions of active customers and adds 200,000 new users each month. WAX allows anyone to create a virtual goods marketplace, onboarding millions of gamers to the cryptocurrency space.