Kyber Brings Top Ethereum Projects to VR as Next Decentraland LAND Auction Launches

Two of the crypto industry's most respected projects Kyber Network (KNC) – an on-chain liquidity protocol – and Decentraland (MANA) – a virtual reality platform powered by the Ethereum blockchain network – have today announced an integration that will undoubtedly make participating in the Decentraland ecosystem a lot more feasible to the average user.

Specifically, Kyber has integrated its decentralized liquidity protocol with Decentraland. MANUS tokens, people can now Also participate in Decentraland's LAND auctions by paying with any one of eight different ERC20-compliant tokens.

According to Monday's announcement, these eight Ethereum-based tokens are as follows: Binance Coin (BNB), Zilliqa (ZIL), Status Network Token (SNT), Ripio Credit Network (RCN), Kyber Network Crystal (KNC), ælf (ELF), and the two tokens native to MakerDAO's dual-token model (i.e., MKR and COME ON).

Kyber's smart contracts to convert the LAND buyer to ERC20 token to MANA before the Decentraland contracts validate the amount of MANA received / traded.

Benefits of the Kyber-Decentraland integration will be realized almost immediately, with the Decentraland team declaring the commencement of its LAND auction earlier on Monday.

Decentraland's LAND Auction has started! As of right now, through December 23rd, the remaining unowned LAND in Genesis City is up for grabs. Get started at https://t.co/9Qcc0jbgmx, or learn more on our blog: https://t.co/FLoFq5s1d2 pic.twitter.com/0r3GQz7nEH

– Decentraland (@decentraland) December 10, 2018

The auction – which will run until December 23^rd – marks the second-ever LAND auction held on the Decentraland Marketplace, with the first place taking place in December of 2017. Purchasable are the 9,300 LAND parcels – (virtually) located in Decentraland's Genesis City Inaugural auction (which itself saw 34,356 parcels sold).

Now integrated with Kyber Network's liquidity protocol Coinbase Pro – LAND in Decentraland's Genesis City. Certainly, anyone looking to make Kyber Network's integration simpler than in the past.