MANA is the valuable asset of Decentraland, entirely different from the usual cryptocurrencies such as Litecoin, Bitcoin, Dogecoin, Ethereum or Tether. It creates a different perspective and investment for crypto investors by allowing them to own virtual lands using their digital assets.
Discover more about what Decentraland is, the pros and cons of investing in it, how it operates, and any other useful information you will encounter while dealing with it.
MANA/USD (4.09%)
It is more of a virtual reality platform that operates under the blockchain technology of Ethereum. As an investor in this platform, you will have the privilege of experiencing, developing, and monetizing content through purchases of virtual property such as land, creating it into real estate as you would in the physical world, and managing it as an eCommerce. Decentraland exists as three entities: the Decentraland Virtual World, LAND and MANA and finally, Decentraland Autonomous Organisation. Decentraland MANA is an ERC 20 fungible token; which is a digital asset that controls the entire economy of Decentraland since it is interchangeable. It is popular among gamers and different groups of people as it creates opportunities, entertainment, and a platform for artists, businesses, and content creators to showcase their prowess. All they need to do is invest, develop a business or buy land, create a real estate business, and hope to get returns from it through rent.
A Bit About Decentraland
It is more of a virtual reality platform that operates under the blockchain technology of Ethereum. As an investor in this platform, you will have the privilege of experiencing, developing, and monetizing content through purchases of virtual property such as land, creating it into real estate as you would in the physical world, and managing it as an eCommerce. Decentraland exists as three entities: the Decentraland Virtual World, LAND and MANA and finally, Decentraland Autonomous Organisation. Decentraland MANA is an ERC 20 fungible token; which is a digital asset that controls the entire economy of Decentraland since it is interchangeable. It is popular among gamers and different groups of people as it creates opportunities, entertainment, and a platform for artists, businesses, and content creators to showcase their prowess. All they need to do is invest, develop a business or buy land, create a real estate business, and hope to get returns from it through rent.
Create, explore and trade in the virtual world owned by its users.CryptoLists.com
When investing in this cryptocurrency, bear in mind that there are risks and rewards involved, and all you have to do is to weigh and see whether the rewards outweigh the risks. According to the recent statistics on NFTs, Decentraland is gaining popularity in the digital mainstream, thus convincing popular entities such as Sotheby’s to develop a virtual gallery in its space. Additionally, MANA currently has a lower price, thus making it the best platform to invest in.
Utility of Decentraland?
A Virtual Reality Platform
Virtual reality is becoming more and more popular, and Decentraland is at the forefront of this trend. By investing in Decentraland, you will take advantage of this growing industry. Like crypto, it will be a wave in a few years.
Built on the Ethereum Blockchain
Decentraland's transactions are all stored on the Ethereum blockchain. By investing in Decentraland, you could be helping to support the growing Ethereum blockchain community. Based on the Ethereum cryptocurrency, you can trust its stability.
There is a Growing Free-Market Community Beneath You
By investing in Decentraland, you will not only own land, but you will also own the free market underneath your land. If someone builds something on top of your land, you'll get paid.
The Potential for Growth is Huge
Virtual reality is still in its early stages, and Decentraland can become one of the leaders in this industry. By investing in Decentraland, you could see huge returns on your investment as the industry grows.
The Platform is Open Source
The virtual world will be built by its users, and there is no limit to what they can create using the open-source tools available on the Decentraland platform. By investing in Decentraland, you will be able to influence what goes into this new game and help make it more exciting.
The Team is Highly Experienced
The Decentraland team has a wealth of experience in the virtual reality and blockchain industries. They are already well on their way to making Decentraland a success, and by investing in Decentraland, you will be helping them achieve this goal.
Decentraland May Be a Great Investment Opportunity
By investing in Decentraland, you will be taking a stake in one of the most exciting virtual reality platforms available today. The growth potential is enormous, and with the team's experience and drive, Decentraland may become a leading player in the VR industry.
Decentraland Price details
ERC20 Contract address: 0x0f5d2fb29fb7d3cfee444a200298f468908cc942
›› Details & Tokenomics
›› MANA tokenomics and social media
Advantages of Decentraland
+ A unique virtual reality platform with their own token.+ One of the major options in the virtual reality world.
+ NFT art is available.
+ There are many different use cases for Mana tokens.
Disadvantages
- Not been around so long. Still in rather early development.- 1.49 billion coins in circulation.
- Could have more engaging content and NFTs.
- Could have more varied terrains.
Costs
▪ Rated at 9/10In 2020, the cryptocurrency saw a great improvement in its prices since it gained popularity in the digital mainstream. However, in late 2021, things began to change and it has been experiencing a down due to the high incline it experienced in the previous year. This year, MANA’s price was at $3.30 and by 27th January 202, it had a price decline of $2.23.
Reputation and Buzz
▪ Reputation rated at 10/10▪ Buzz rated at 10/10
Since there are plenty of NFTs platforms in place, it is bound to face plenty of competition that may saturate its market. This metaverse coin has been crushed despite having a good year in 2020. Therefore, investing in it is profitable, but it would be best to assess the market first.
FAQ
What blockchain does Decentraland use?
MANA is built on the Ethereum blockchain, and all transactions are visible on the Ethereum blockchain. MANA is an ERC-20 token. It uses a virtual reality platform and open-source technologies. Because of this, it is expanding and empowering its users. It also allows for free markets with Decentral games that you can own and fully trade. It uses a proof-of-work blockchain. However, it is in the process of transitioning to proof-of-stake to match other cryptocurrencies.
What is the highest value Decentraland ever had?
On 25 November 2021, Decentraland reached 5.47 USD before turning down again. With more elements of business and economy resuming, traders can expect the value to appreciate with time.
What is the difference between MANA and MANA Seed?
MANA is an ERC20 token of the Ethereum Blockchain, while MANA Seed is an internal currency. It can be used to buy land in Decentraland. If you want to, you may also use Ether (ETH) or bitcoins (BTC). However, MANA Seed is non-refundable and can only be used in the Decentraland ecosystem.
What can I do with my Decentraland tokens?
You can use MANA to buy land in Decentraland and interact with other users and content on the platform. You can also use it to vote on proposals related to the development of Decentraland.
How can I get involved in Decentraland?
You can get involved in Decentraland by buying land, building on other people's land, or creating and selling content. You can also vote on proposals related to the development of Decentraland.
Screenshots from Decentraland
More sites where to buy/sell/trade Decentraland
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Decentraland details and tokenomics
