Decentraland Mana Price USD

Decentraland (MANA) describes itself as a virtual reality platform powered by the Ethereum blockchain that enables users to create, enjoy, and monetize content as well as apps.

In this virtual environment, users buy pieces of land that they may subsequently explore, build on, and monetize.

Decentraland was founded after a $24 million initial coin offering (ICO) in 2017. The virtual world started its closed beta in 2019 and became live to the general public in February 2020. Since then, users have built a broad variety of interactive experiences on their LAND parcels, such as interactive games, huge 3D scenes, and a number of other interactive activities.

The two tokens that Decentraland uses are MANA and LAND. MANA is an ERC-20 token that has to be destroyed in order to get non-fungible ERC-721 LAND tokens. MANA tokens may also be used to purchase avatars, wearables, names, and other items in the Decentraland marketplace.

LAND, on the other hand, is an Ethereum-based non-fungible token (NFT) (ETH). It is used to monitor ownership of land parcels, often known as digital real estate. Like MANA, LAND is a component of the protocol and provides voting rights, however, LAND does not need to be set in the DAO. A LAND is equivalent to 2000 votes.

Decentraland was co-founded by Ariel Meilich and Esteban Ordano, both of whom have stepped down from significant roles in the project but still serve as advisors.

Decentraland is designed for content creators, enterprises, and individuals searching for a new artistic medium, business opportunity, or source of enjoyment.

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