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Decentraland Quarterly Update Overview
Decentraland, a prominent virtual world platform that enables users to engage in NFT transactions and purchase real estate using the MANA cryptocurrency, recently released its highly anticipated quarterly update. The Decentraland Foundation, which oversees the platform, has been committed to providing this update to customers as part of its pledge in the 2024 statement. The platform offers a unique realm where users can buy and sell clothing, participate in various 3D activities, and interact with one another through customizable avatars.
Platform Enhancements and Innovations
Despite its widespread popularity, Decentraland has faced criticism in the past due to technical issues and the relative emptiness of its virtual world. These challenges have not hindered the platform’s growth, however, as evidenced by its impressive $1.2 billion valuation in 2022. In response to feedback and critiques, Decentraland has introduced the ‘Forging Foundations for the Future’ initiative. This initiative is designed to enhance the platform’s desktop client, strengthen its infrastructure, and offer users a more immersive and engaging virtual experience.
Key Features and Improvements
One of the primary focuses of the Decentraland product team this year is the launch of the ‘Desktop Client’ in the second quarter. This client will introduce significant upgrades to various aspects of the platform, including networking capabilities, avatar customization, animation tools, locomotion mechanics, and the overall user interface. Notable enhancements include the ability for artists to test wearables on moving avatars and an increase in the maximum size limit for skin wearables from 2 MB to 8 MB.
Moreover, Decentraland has implemented changes to make it easier for new creators to participate in the platform. The previous $100 submission fee can now be paid using a Wert-powered credit or debit card, eliminating the need for creators to purchase MANA tokens beforehand.
Developer Empowerment and User Experience Enhancements
The introduction of the SDK 7 Templates will provide developers with easy-to-use tools for integrating new scenes into their world or LAND. These templates include popular environments such as The House, The Night Club, The Office, The Shop, and The Theater. Additionally, improvements have been made to enhance the usability of the editor and optimize the overall user experience for creators and users alike.
Several new functionalities have been added to the latest Smart Items updates, including Player Health Smart Items, Multiplayer Smart Items, and a user-friendly Smart Item View. The incorporation of positions and data from all players, as well as an illustrative UI Feedback Example Scene, further enriches the platform’s capabilities. Decentraland has also introduced features such as the ability to manage Scene Audio through the SDK, a comprehensive Dev Experience Package, and numerous bug fixes to enhance overall performance.
Enhanced User Interaction and Transactional Capabilities
Decentraland has streamlined its governance proposal to enable the transfer of assets containing the recipient’s complete wallet address, such as wearables and emoticons, using their designated NAME. Users can now create a name on the Marketplace, access a dedicated landing page associated with that name, and complete transactions using card payments or cryptocurrencies.
Furthermore, Decentraland aims to expand its multi-chain purchasing options to allow users to acquire LANDs, wearables, emoticons, and names using a variety of cryptocurrencies. Users can utilize any cryptocurrency that operates on-chain, including but not limited to Avalanche, Ethereum, Polygon, Arbitrum, Binance Smart Chain, Optimism, and Fantom, for their purchases.
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