Rationale

The development of large proprietary platforms, such as Facebook, has enabled hundreds of millions of users to congregate, interact, share content, and play games. Their network effects help grow a vast online community and gaming company. This platform, controlled by a centralized organization, manages network rules and content flows, while extracting significant revenue from the community and content creators that drive traffic to the platform. Privateland aims to build a network that allows its content creators to own and capture the full value of their contributions.

The team is currently working on the adoption of the PRIVATELAND crypto asset which is still in its early stages, as most of the blockchain-based infrastructure required for a consumer-oriented platform is lacking. therefore, the rate of consumer adoption and creation of infrastructure has exploded. This growth has given rise to a user pool large enough to drive the decentralized commerce that will occur in virtual worlds like Privateland. While the blockchain infrastructure, pioneered by BINANCE SMARTCHAIN, is now more widely available, but less efficient method to quickly process micropayments constrains the throughput of network transactions.

The maturation of cryptocurrencies as a global, instant, and low cost payment method is still evolving. Payment transactions will need to occur off-chain to achieve short- to medium-term scalability in blockchain payment networks. Solutions such as Bitcoin's Lightning Network or Binance's state channels are on the verge of enabling a fast, global payment system with low fees.

More centralized solutions can work today, although at the expense of operability with other systems, privacy, and standardization. Privateland is built on the premise that low cost, direct payments between content creators and users will radically change internet commerce.