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Decentraland Project Review : Virtual World Owned by Community
Nowadays, people are spending more time in the virtual world in comparison to the real world. People are using mobiles, laptops for both work and leisure. An introduction to the 3D world will create a more immersive experience for people. Websites and applications where people spend most of their time are controlled by a centralized entity. People don’t have any control over these applications. Decentraland, unlike other social networks, games are not controlled by a centralized entity. The community owns and has full control over this shared virtual world. What is Decentraland? Decentraland is a shared virtual world that is powered by the Ethereum blockchain. Its users can create content and monetize it. Users can pay for experiencing various applications in Decentraland. The community permanently owns the land in Decentraland and has full control over it. The ownership of land can be claimed by users through a blockchain-based ledger of parcels. Each portion of land can be identified by a set of cartesian coordinates (x,y). Landowners decide what type of content can be published to their land, content can be static 3D scenes, interactive games. All the land in Decentraland is an NFT, stored in an Ethereum smart contract. To acquire land in Decentraland, the MANA token is used. Digital goods and services can also be purchased by MANA. How does Decentraland work? Decentraland has built a framework for supporting shared virtual worlds. A decentralized ledger stores all the data of ownership of land, contents of each parcel of land and also provides a peer-to-peer network for user interactions. Users can participate in governance functions and can propose policies and vote on upcoming LAND auctions. Decentraland’s protocol consists of three layers : A consensus layer: This layer is used for tracking ownership of land and its content. A LAND content layer: This layer uses a decentralized distributed system to download assets and for rendering content in the virtual world. A real-time layer: This layer is responsible for enabling users to connect with each other.  The above diagram shows the steps executed by the Decentraland client to provide the experience of a virtual world in a decentralized manner. Each piece of land is marked by a unique set of cartesian coordinates. Content created by users can vary from 2D scenes to 3D scenes giving an immersive experience. The consensus layer is responsible for tracking ownership of land, land content is referenced here as a hash of the file’s content. The content can be downloaded from IPFS or BitTorrent by using reference. The downloaded file of content contains a description of objects, sounds, textures, and other elements needed to render the content scene. Decentraland has two important systems which enable its economy to develop : Payment Channel Infrastructure: It enables fast payment with low fees. Identity System: It allows users to prove their ownership over their creations. Tokenomics  Decentraland has an ERC-20 token called MANA. It is used to buy, sell digital assets and can also be used for gambling in virtual casinos. It is also a governance token. Holders of MANA tokens can participate in governance functions. They can propose their own policy and can also vote on the different proposals. Decentraland is controlled by MANA holders through Decentraland DAO. The DAO owns the important smart contracts and assets such as the LAND contract, Estates contract, Wearables, Content servers, and Marketplace. 1 MANA token gets you 1 vote and owners of LAND and Estates get 2000 votes. The maximum supply of MANA tokens is 2.193 billion. As of writing this article, the circulating supply of MANA tokens is 1.32 billion, the market cap is 3.7 billion, and the price is 2.84 US dollars. Applications of Decentraland Content Curation Decentraland users can create content of shared interest of their neighbors. If a creator is living near a high traffic hub, then more users will drive to the creator’s content. Advertising Brands can drive users to their products, services, and events by using billboards to advertise in high-traffic hubs. Brands can create shared experiences to engage their audience so that users will be interested in using these experiences in their own land. Digital Collectibles Digital assets are published, distributed, and collected by users on the blockchain. These digital assets can be traded easily by users in the Decentralnd. Rare or old digital assets are traded at a very high price. These digital collectibles are used to identify users and their land. Social All the groups which are present in online forums, chat groups, discords can port their communities into Decentraland. People can form different communities on various subjects and can propose their policies through governance. Conclusion Decentraland has opened a new world of possibilities for internet users. Users can create their own content on a decentralized platform and can receive all … Continued
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The 3 main crypto adoption success stories from 2021
2021 was a big year for mass crypto adoption – and no, we don’t mean El Salvador. As thousands of ... Mitsubishi Motors to Exhibit Electric Vehicles and SUVs at Tokyo Auto Salon 2022
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Also on display will be five custom cars based on the production models available in Japan, which include the Outlander crossover SUV (two models); the Eclipse Cross crossover SUV; the Delica D:5 minivan; and the Minicab-MiEV, a kei-car(3) class electric commercial vehicle. Mitsubishi Motors' lineup centers on electric vehicles (EVs) and SUVs with enhanced environmental-friendliness, safety, security and comfort.
K-EV concept X Style
The K-EV concept X Style4 is a new generation all-electric kei-car with Mitsubishi Motors-ness, which combines safety, security and comfort, as well as environmental-friendliness. It fuses maneuverability of a kei-car with smooth yet powerful acceleration and high-quality ride comfort of an EV, while offering advanced driver assistance systems and connectivity.
The exterior features an SUV-like styling and a two-tone color scheme, with a clean, solid matte blue body and a copper-colored roof reminiscing the motor winding of an EV. The front bumper, body sides and liftgate are accentuated by X-shaped logos, which symbolize the combination of a height kei wagon with an SUV-feel and appeal of an all-electric vehicle.
Vision Ralliart Concept
The Vision Ralliart Concept embodies Mitsubishi Motors' vision for the new Ralliart and brings together the company's engineering and passion for Monozukuri challenges (craftsmanship). Styling is given a premium look with impressive presence on the road, and the comfortable ride with peace of mind in various weather and road conditions - characteristic of Mitsubishi vehicles - is further refined.
The exterior features bold, muscular styling created by the front and rear bumpers with functional beauty, and the large, widened front and rear over fenders. The front grille with a radiator shutter and the large rear diffuser reminiscent of a race car emphasize the sportiness of the model. The matte black body color shows blue highlights when hit by light, creating a deep, multidimensional expression that gives it a high-quality feel.
To provide high driving performance, the Vision Ralliart Concept has a wide stance and is equipped with 22-inch large-diameter wheels and tires. Large brake discs and opposed-piston 6-pot brake calipers, which exert braking performance matching the powerful torque of the motors, are adopted to elevate acceleration, cornering, and braking to a higher level.
Outlander Ralliart Style and Eclipse Cross Ralliart Style
Equipped with the Ralliart accessories, the Outlander Ralliart Style and the Eclipse Cross Ralliart Style offer a sense of excitement to customers who seek their own unique driving and styling. The body is painted in premium, high-brightness White Diamond color, while the front, side and rear garnishes and the liftgate spoiler are colored in red to give the exterior a sporty look. The alloy wheels are painted black, and the side decals and mud flaps with the Ralliart logo express the passion of Ralliart for refinement of road performance.
Delica D:5 Tough x Tough
The Delica D:5 Tough x Tough is equipped with various aftermarket parts and Ralliart accessories to further emphasize the tough, off-road styling. The Black Mica body is complemented by matte black front grille and fender garnish, as well as red door mirrors and fog light garnish, which are the Ralliart accessories. A suspension lift is given by modifying the shock absorbers and springs, and the tough, off-road styling is enhanced by the 16-inch alloy wheels, all-terrain tires, front bumper guard, rear bumper guard, and mud flaps. The Delica D:5 Tough x Tough is also equipped with a roof carrier, a rooftop tent and a sleeping pad which can be used to make a fully-flat bed over the second and third row seats for a comfortable overnight stay.
Outlander Wild Adventure Style
The Outlander Wild Adventure Style allows the driver to fully enjoy outdoor leisure by adopting genuine accessories and collaborating with "ogawa," a Japanese outdoor brand. The body color comes in Black Diamond, which emits a powerful sparkle when struck by light. The front, side and rear garnishes and the rear spoiler give the exterior a sporty look, while the side bars, rear bumper protector and mud guards emphasize the toughness of the SUV. The model is also equipped with a roof carrier, a trailer hitch, and camping gear5 in collaboration with "ogawa."
Minicab-MiEV B-Leisure Style
The Minicab-MiEV B-Leisure Style is a kei-car class electric commercial vehicle that offers convenience from private to business use by serving as a source of power supply. The exterior features a two-tone paint with ivory-colored roof and moss green body reminiscent of forests and campgrounds, along with side decals of plugs, tent and work desk.
Fit for solo camping, the Minicab-MiEV B-Leisure Style is equipped with various gear such as a car awning, camping table and folding cot. Inside, the rear space is arranged to be fully flat, and the cabin is equipped with a low table, a seat chair and a rug to enhance comfort for remote working.
Furthermore, the Minicab-MiEV B-Leisure Style is equipped with the MiEV Power Box, which can use the power from the drive battery to power electronics and appliances such as an electric kettle, a coffee maker, or a laptop, making outdoor leisure and work even more comfortable and convenient.
(1) Pronounced "K-EV concept 'cross' style"
(2) Tokyo Auto Salon is one of the world's largest custom car shows. Press day is on January 14 at Makuhari Messe in Chiba, Japan. Tokyo Auto Salon 2022 will be open to the public on January 15 and 16.
(3) Kei-car is a vehicle category in Japan for microcars.
(4) Production model will go on sale in Japan in early fiscal year 2022 (fiscal 2022 is from April 2022 to March 2023).
(5) Genuine accessories
About Mitsubishi Motors
Mitsubishi Motors Corporation (TSE:7211), MMC--a member of the Alliance with Renault and Nissan--, is a global automobile company based in Tokyo, Japan, which has more than 30,000 employees and a global footprint with production facilities in Japan, Thailand, Indonesia, mainland China, the Philippines, Viet Nam and Russia. MMC has a competitive edge in SUVs, pickup trucks and plug-in hybrid electric vehicles, and appeals to ambitious drivers willing to challenge convention and embrace innovation. Since the production of our first vehicle more than a century ago, MMC has been a leader in electrification--launched the i-MiEV - the world's first mass-produced electric vehicle in 2009, followed by the Outlander PHEV - the world's first plug-in hybrid electric SUV in 2013. MMC announced a three-year business plan in July 2020 to introduce more competitive and cutting-edge models, including the Eclipse Cross PHEV (PHEV model), the all-new Outlander and the all-new Triton/L200.
For more information on MMC, please visit the company's website at
https://www.mitsubishi-motors.com/en/
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comUnder the theme of "The Next Era, The Next Adventure," Mitsubishi Motors Corporation will exhibit a total of seven models including two concept cars -- the K-EV concept X Style and the Vision Ralliart Concept -- at the Tokyo Auto Salon 2022.
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