DECENTRALAND is a virtual reality gaming platform, players free to play, roam, and trade NFT in this virtual land. Overall, the feature offered by the ecosystem is neutral. We classify them as Shariah Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | A metaverse project aims to bring gaming to decentralized virtual reality. There is a marketplace to trade LAND(NFT) on this platform. All NFT and trades are recorded in the Ethereum network. The marketplace is neutral, no prohibited activities are offered. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token utility is to purchase in-game LAND (NFT). | Passed |
| Staking Method | No staking | Passed |
Read the source document and verify project fundamentals.