# Decentraland

**Source:** https://www.startuphub.ai/startups/decentraland
**Profile type:** Startup

> A decentralized virtual world where users can create, experience, and monetize content and applications.

## About

Decentraland is a virtual social world powered by the Ethereum blockchain, allowing users to purchase, develop, and sell parcels of virtual land. It's a user-driven ecosystem where community proposals and votes shape the platform's future, and creators can design and monetize virtual assets.

## Key facts

- **Slug:** decentraland
- **Website:** https://decentraland.org/
- **Location:** Buenos Aires, Argentina
- **Founded:** 2015-01-01
- **Operating status:** Active
- **Total funding:** $53M
- **Sectors / tags:** Metaverse, Virtual Worlds, Blockchain, NFTs, Digital Real Estate, Decentralized Autonomous Organization (DAO), Gaming, Creator Economy, Spatial Computing & XR

## Frequently asked

### What does Decentraland do?

Decentraland is a virtual social world powered by the Ethereum blockchain, allowing users to purchase, develop, and sell parcels of virtual land. It's a user-driven ecosystem where community proposals and votes shape the platform's future, and creators can design and monetize virtual assets.

### What is Decentraland's valuation?

StartupHub estimates Decentraland's effective valuation at $971.6M (range $680.1M to $1.3B, 31% confidence), based on comparable companies in the sector.

### How much funding has Decentraland raised?

Decentraland has raised a total of $53M in funding. The most recent round on record is ICO.

### Where is Decentraland headquartered?

Decentraland is headquartered in Buenos Aires, Argentina.

### When was Decentraland founded?

Decentraland was founded in 2015.

### What industry does Decentraland operate in?

Decentraland operates in Metaverse, Virtual Worlds, Blockchain, NFTs, Digital Real Estate, Decentralized Autonomous Organization (DAO).

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