Decentraland to Host One in all Ethereum’s First Music Festivals

In short

  • Subsequent Sunday, Decentraland hosts a digital dwell music pageant.
  • Decentraland is a combination between Minecraft and Second Life.
  • Parcels of land within the digital world are already promoting for round 1,000,000 {dollars}.

For a lot of this summer season, squelching by means of a maze of ammonia-scented porta-potties to catch their favorite dwell music will stay a pipedream. However for residents of Ethereum-based pc recreation Decentraland, it’ll be (digital) actuality.

Subsequent Sunday at 6PM UTC, crypto’s Second Life sim will host TO THE MOON, a music and humanities pageant. It’s a collaboration between NFT market KnownOrigin, NFT tastemaker collective Illumino, and crypto consultancy agency BEAR NFT. 

The pageant will likely be hosted at KnownOrigin’s digital headquarters inside Decentraland and can characteristic performances by digital music acts together with Ookay, SNBRN, Fred Thurst (aka Dr. Fresch), Autograf, and Win and Woo. 

The organisers promise unique NFT goodies. Attendees obtain a digital POAP (Proof of Attendance Protocol) token to brandish on their Decentraland profile, and can purchase unique (digital) garments, together with a bomber jacket and hat.

Dangle on, what’s Decentraland?

Decentraland is a browser-based and crypto-powered pc recreation with Minecraft-style world-building and Second Life style-socializing that launched in 2017. The in-game forex is the Ethereum-based MANA. With it, holders can purchase in-game gadgets and any one among 90,000 plots of in-game land as NFTs. In March, Decentraland had about 10,000 every day energetic customers, according to NBC.

In early June, Boson Protocol, which lets individuals flip bodily gadgets into NFTs, paid the equal of $704,000 in MANA for a plot of land, on which it plans to construct a mall connecting Decentraland to real-world retailers. 

On the time, Boson’s buy was the highest-value land commerce on Decentraland, although it’s since been outmoded by funding agency Republic Realm, a digital actual property funding agency that paid $913,000 for a little bit of Decentraland. 

Digital actual property, like a lot of the NFT house, is a dangerous funding. What’s scorching and in-demand as we speak may simply stink tomorrow. If the market pops, consumers gained’t even have the satisfaction of non-pixelated earth to face on. For carefree attendees of TO THE MOON, nevertheless, that’ll be nothing however a nasty hangover.

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