Decentraland Teams Up with Samsung Blockchain

Decentraland is working together with Samsung Blockchain to bring blockchain games and non-fungible tokens to a mainstream audience. They have created a Decentraland Marketplace app that has now been added to the Samsung Blockchain Wallet. The app allows for storage and trading of NFTs, including Decentraland land and wearables.

The Samsung Blockchain Wallet is integrated in the Samsung Galaxy products, including the S10 and S20 as well as the Galaxy Note series. That means millions of consumers now have potential access to the Decentraland Marketplace app. Decentraland describes the development of the marketplace application as a first offering of the partnership. This suggests however that the blockchain-powered virtual world and Samsung have more products and a deeper integration coming.

Currently Decentraland only works on desktops, but perhaps this partnership will also bring the virtual world to mobile devices. And perhaps we will see Samsung opening a shop inside Decentraland, similar to the old partnership with HTC.

Decentraland Launched in February

The virtual world of Decentraland opened its doors to the public on the 20th of February of this year. Since then there have been conventions, a 5 versus 5 football tournaments, and art galleries. According to the official event agenda we’ll see a lot more events in the coming weeks, including a concert, a film festival, an art exhibition and a game event.

When walking through Decentraland, players will notice lots of empty land parcels. Traders use the land for lots of speculation, buying land and hoping to sell with a profit. For example, the average sale for a piece of land is currently 1500 dollars. Four months ago it was still 1200 dollars. Currently the cheapest land parcels are listed for 14 thousand MANA, which equals 690 dollars.

The announcement of the partnership increased market interest into the native MANA token. Its value pumped 10 percent to $0.046018.

What is Decentraland?

Decentraland is a virtual world build on the Ethereum blockchain. Consumers can buy land within this world, and build anything. Currently ownership over virtual land is highly speculative, and the value of these lands increased significantly over the past year. Decentraland launched in February, and players can now visit by using a web browser on a desktop or laptop.

Within Decentraland people can build all kinds of businesses, including shops for in-game items, art galleries and games. Currently Matic Network is funding the development of additional games. Decentral Games and Metazone are some of the companies that create games within Decentraland. For example, Metazone is selling complete game installations. Landowners can earn money from those creations, while game creators earn a share of the revenue.