The LAND Auction Has Ended!

By Decentraland, Mon, 24 Dec 2018 03:00:01 GMT, in Announcements

We are very excited to share that the Decentraland LAND auction hassuccessfully come to a close!

All 9,331 remaining parcels were purchased, amounting to a total of109,521,854 MANA burned, or roughly $6.6 million USD.

The very last unowned parcel was purchased on December 23rd, 2018, at3:35PM GMT, for a final bidding price of 6,800 MANA. Overall, theaverage price per parcel during the auction was 11,737 MANA, with amedian price of 12,122 MANA.

Ensuring that every remaining unowned LAND token be distributed fairlyand securely has been one of our biggest objectives. So, the conclusionof the Auction marks an exciting milestone for our community.

Helping creators and diversifying content

During the Auction, Decentraland burned 15 million MANA on unowned LAND.This is part of a larger effort to better enable as many contentcreators as possible to join the Decentraland platform. For manydevelopers and artists new to the Ethereum ecosystem, obtaining LAND canpresent considerable friction.

Our aim is to reduce this barrier of entry by setting aside some of theunowned LAND during the Auction for these creators. This will help usguarantee a greater diversity and level of quality in the content hostedin Genesis City, improving everybody’s experience in-world.

What’s next?

Our primary objective is to support the growth of Decentraland as aplatform, and as a community.

The largest catalyst for this growth is the DecentralandSDK, which containsthe API, tools, and documentation that developers need to build theinteractive 3D content that can be hosted on LAND.

We see the SDK as the true cornerstone of Genesis City, and have ourattention focused on expanding it to make it more robust, and moreaccessible - for both developers and general users alike.

The Decentraland team would like to thank the entire community, and allof our partners, for participating in this second auction. We areexcited for the year ahead, and look forward to building Decentralandtogether.

Happy Holidays!