To The Moon, the world’s to start with music festival hosted nearly and live making use of Ethereum technological innovation, will be held this Sunday in Decentraland.

The festival challenge is the brainchild of a group from within just the non-Fungible Token (NFT) local community resulting from a partnership between foremost NFT market KnownOrigin, NFT agency BEAR NFT, and the Illumino NFT collective.

The partnership was fashioned in response to the drop in reside new music events all through the training course of the Covid-19 pandemic, which has witnessed the cancellation of big festivals this kind of as Glastonbury.

The festival will be hosted in KnownOrigin’s digital headquarters in Decentraland – an Ethereum-based digital truth environment – and will existing a quantity of live online musical performances which includes artists these kinds of as Ookay, Fred Thurst, SNBRN, Autograf, and Gain and Woo.

Attendees can anticipate more than just audio, with organisers announcing a selection of exclusive NFTs obtainable throughout the program of the competition.

They will also be capable to declare a virtual token for their Decentraland account utilising Evidence of Attendance Protocol (POAP) know-how, along with distinctive avatar products these kinds of as virtual hats.

The festival starts at 6pm UTC on Sunday July 11.

What is Decentraland?

Decentraland is a VR platform that hosts a 3D entire world exactly where individuals can obtain, sell and manage virtual authentic estate identified as LAND. These plots of LAND – which are digital belongings taken care of in an Ethereum intelligent contract – are owned by customers of the neighborhood, giving people complete management above what they do with their slice of the digital globe. Customers can later on navigate, construct upon, and monetise their plots.

The quantity of LAND is capped and every plot is 10m by 10m (33ft by 33ft), but there’s no restrict to the top. If you have adjacent plots, you can bond them alongside one another. Decentraland is property to Genesis City – a metropolis designed by the progress team to inspire centralised enhancement.

Decentraland ordeals are now currently being created by hundreds of LAND owners. After they are prepared, you’ll be able to check out the entire world on your laptop or computer, telephone, or VR headset.

Possessing LAND offers you entire command around the environments and apps you make. This could selection from static 3D scenes to additional interactive purposes or online games.

You can design and style 3D environments by way of a device known as the Builder – and you really don’t essentially want to individual LAND or maintain $MANA to use it. Everyone can jump in and start landscaping parcels and estates.

The Builder doesn’t take the put of an editor – it aims to make Decentraland available to ordinary folks.

Screening concepts is at the main of Decentraland, but it’s also caught the interest of investors who are snapping up plots of LAND in the hopes of turning a income.

Currently $Mana was investing at $.55, with a 24% transform of -4.5% in the course of the time of creating and a investing quantity of $48.4m.

Extra crypto news and info

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