Decentraland (MANA) - a virtual reality platform, based on the Ethereum blockchain, that allows users to create, experience and monetize content and applications.
Contents:
About the Decentraland project (MANA)
In this virtual world, users buy plots of land on which they can later move, develop and monetize. Decentraland was launched after a $24 million Initial Coin Offering (ICO) that took place in 2017. Virtual World launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their LAND sites, including interactive games, expansive 3D scenes and many other interactive experiences. Decentraland uses two tokens:
- MANA;
- LAND.
MANA - an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also help to pay for a range of avatars, wearables, names and more on the Decentraland marketplace.
Platform uniqueness
Decentraland runs for content creators, businesses and individuals who are looking for a new artistic medium, business opportunity or source of entertainment. In total, the Decentraland game world, referred to as the "Metaverse", is divided into 90,000 separate plots of land, each of which is represented by an ERC-721 token. Each lot is exactly 256 square meters and can be found at a specific coordinate in the Metaverse. Project features:
| 1 | The project is also one of a growing number of projects to use the DAO framework to make management decisions. As a result, MANA token holders control the behavior of the Decentraland world by proposing and voting on policy updates, the specifics of upcoming LAND auctions and the types of content, allowed by Metaverse. |
| 2 | In addition to being a creative outlet, many users of the platform are currently monetizing their tokens through leasing, advertising and paid experiences. |
Similarly, other users generate income by creating and selling goods on the Decentraland marketplace for MANA tokens. The platform has many uses. These include, for example, advertising and content curation.
Buying cryptocurrency
MANA - an ERC-20 token. This means that it runs on the Ethereum blockchain. Ethereum has a protection of a massive decentralized network of miners that work together with thousands of nodes to ensure that the Ethereum blockchain and MANA tokens have a protection from attack, too.
The MANA token currently enjoys excellent liquidity and you can buy or trade it on approximately 100 different exchange platforms:
- Binance;
- OKEx;
- Coinbase Pro.
They are one of the most liquid MANA token exchanges. MANA is currently tradable against Bitcoin (BTC), Tether (USDT) and Ethereum (ETH) - and you can buy it with a range of fiat currencies, including KRW and USD.