Virtual world blockchain project Decentraland has just seen a boost to its adoption hopes and its MANA token price after news that it is being supported on HTC’s blockchain smartphone Exodus 1.
MANA charged 62% higher on Binance although has fallen back from the highs at $0.058 to $0.0468 at the time of writing.
A blog post from Decentraland explains: “By storing private keys directly on the phone’s hardware, Exodus allows users to secure their Decentraland identities, data, and assets directly in their pocket – totally cutting out the middleman. Decentraland’s LAND (the ERC-721 virtual real estate that makes up Genesis City) and MANA (our Ethereum-based cryptocurrency) will both be supported by the Zion Vault.”
HTC says the Exodus 1 puts users in charge of their own data: “In the web 2.0 era, our personal data is owned and controlled by big corporations. The web 3.0 paradigm’s goal is to turn that around by empowering users to own their own data. The EXODUS 1 is the first native web 3.0 mobile device. This same architecture also secures your crypto assets.”
The Exodus handset was available last year but could only be bought with crypto – from yesterday it can be purchased with Fiat. HTC is presumably got the phone ready for showtime so it can be bought with ordinary consumers using fiat and making it easy for them to do fun stuff with their blockchain phone – hence supporting decentralised applications like Decentraland.
Orders will start “shipping after March 31 2019” says the UK version of the Exodus website.
With the web client for exploring the world due for release in the first quarter (so that’s soon) along with the drag and drop “builder” scene editor, there’s a lot happening in Decentraland.
Driving forward adoption
And to juice the works, it is running the Creator Contest. Sam Hamilton at Decentraland reached out to me on 6 February to explain what’s happening: “In early March we’re launching a drag-and-drop editor to help us bridge the gap between builders/artists/players and blockchain technology. To celebrate, we’re hosting a Contest with over $55,000 USD in MANA and virtual LAND prizes.”
Every submitted scene that meets the minimum quality standards will automatically be rewarded with 100 MANA. The top 50 scenes will share a total purse of 900,000 MANA and 50 LAND parcels in prime locations, with the first place scene winning 200,000 MANA.
With the drag and drop interface of The Builder this all becomes much easier, especially for artistic types who don’t know their methods from their properties.
The highest amount ever paid for real estate in the virtual world, called Genesis City, was 2.7 million MANA in November last year, which at the time was worth $215,000.
There is a 90,000 cap on the number of LAND parcels .
HTC Exodus 1’s other dapps
The Exodus 1 comes with the crypto-friendly Opera browser.
Built into the hardware of the phone is the Zion wallet. The recovery phrase, in the event of a lost phone, is encrypted and shared “to your trusted contacts”.
Blockfolio, arguably the most popular crypto portfolio app, is also an HTC partner.
This author predicted big things for Decentraland (and Enjin) in a story for Ethereum World News in December last year, arguing that gaming is set to be a breakthrough sector for crypto. Those predictions are turning to reality.
Stellar-based Nodle (NODL) dapp is also supported on the phone.
Coinbase listing is now a step closer
Coinbase said in December that it was exploring the possibility of listing Decentraland and Enjin and the recent developments around both cryptoassets will likely improve their chances of being added to the US exchange.