Decentraland is a virtual world platform that's powered by the Ethereum blockchain. The world is approximately half the size of Manhattan divided into 90,000 parcels of LAND, a non-fungible token representing 16m x 16m x 20m unit of volume within Genesis City to build in. About a third of the city is composed of districts, community run themed areas. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Content on LAND can range from static 3D scenes to interactive systems like games, which users can monetize using MANA, the ecosystem's ERC20 token.
Decentraland raised 86,206 ETH ($26.2M USD at press time) in an ICO during 2017 when the price of ETH ranged from about $200 to $400. Since then around half of the funds have been spent employing more than 30 people to build out the infrastructure of a decentralized virtual world. Most of the team is based in Buenos Aires, Argentina.