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Recently, a blockchain application developer in the UK called VBG has just launched a new concept based on the combination of two technology platforms NFT and DeFi, called DecentralCity.

What is DecentralCity?
DecentralCity is a virtual reality world built on blockchain, with Decentralized Financial system (DeFi) and ownership management system via NFT technology. DecentralCity's real estate is owned by the community, and they have full control over their assets. Residents have ownership rights to real estate in a blockchain-based ledger, and can build and benefit from the content, applications, and services created on their land.
Owners of properties in DecentralCity control the content posted on their land. Content can range from digital images to interactive systems (such as games), services and real estate. Thanks to NFT technology, these properties are limited, transferable, non-fungible digital assets stored in smart contracts.

How Does DecentralCity Work?
In the real world, a property is valued and sought after by many properties, such as: convenient traffic, busy location, or community factors. Such concepts can also exist in a virtual reality world, but under a different perception and perspective.
In different DecentralCity, there will be many different community groups, these community groups are linked together by similar content, called ContentNode. For example, when a content is posted and attracts the attention of the community, a ContentNode will be created.
Traffic will be increased many times around these ContentNodes, which will lead to increased traffic and throughput around that ContentNode. Imagine then this ContenNode will act as the center of Time Square in New York, with a huge number of visitors. This ContentNode will then become a sought-after location for advertising, and those who own the digital real estate around that ContentNode will also benefit from the client's content traffic.

Development potential of DecentralCity
Today, with the development of technology, people have become very attached to their smartphones. Internet is now an indispensable thing in daily life. The idea of a surreal world no longer appears only in cinematic works.
Surely in the not-too-distant future the concept of DecentralCity, which VBG is the first company to lay the foundation for, will become extremely popular. This concept will change the perception of real estate, which is digital real estate. A property, having the following characteristics: prime, unique, highly visible and accessible, transferable, owned and leased.

Valley City, The First DecentralCity of VBG

As a blockchain application and NFT technology development company in the sports industry, VBG has the advantage of blockchain and NFT technology technical background. The truth is, without NFT technology, the DecentralCity concept would have taken longer to implement.
Valley City is the first project on DecentralCity under the combination of NFT and blockchain technical platform provided by VBG along with the financial resources and experience of PHI Group. Through utility applications and e-sports games provided by VBG, users will receive "keys" to unlock the door to Valley City. (Official website valleyex.net)
The Valley City project will open a whole new playground for both the Real Estate industry and the Decentralized Finance industry, it can be said that Valley City is the World's First Digital Real Estate Project.