Decentraland
Crypto.co Exclusive: $10 Bonus when depositing $100 on BlockCard! Earn an unlimited 6.38% crypto back on every merchant purchase. What is Decentraland?
Decentraland is a decentralized and Ethereum-based virtual reality platform where users can buy virtual land in an online server that they can customize, develop, and monetize with various applications. It is completely owned and managed by users, making it the first digital platform of its kind. Depending on the transaction, Decentraland uses two forms of currency: MANA and LAND.
About Decentraland
History and Vision
Initially introduced in August 2017, Decentraland aims to provide a safe, decentralized market of digital assets by having users interact in an open traversable 3D world where they can purchase and develop their virtual land. Two significant developments occurred in December 2017 and 2018, where users initially purchased LAND at public auctions.
MANA Token
MANA is the ERC-20 token used in transactions not related to land, including in-world purchases for items or services. To acquire non-fungible LAND, users will need to burn their MANA tokens that they wish to convert, which is an ERC-721 token.
Buying LAND
LAND, the spaces that users can claim in the world, are divided into “parcels” that are 33x33 feet and have no height limit. Plots of LAND are further grouped into “districts” or little communities that share similar interests and services with neighboring LAND. All user transactions and LAND ownership is validated and stored on the Ethereum blockchain. Decentraland on the Market
The price of Decentraland today is $0.078656 with a ranking of #103 on Crypto.co. It has a 24-hour trading volume of $13,392,680 and a market cap of $116,708,374. While the max supply of MANA tokens is not available, it currently has 1,483,785,948 tokens in circulation.
How to Purchase and Store MANA
MANA can be purchased on a wide selection of digital exchanges such as Coinbase, Crypto.com, and ZenGo, to name a few. While you can directly exchange USD for MANA, you can also convert from other cryptocurrencies such as bitcoin (BTC) or Ether (ETH). In order to protect your digital assets from theft or hacking, it would be wise to move your funds into a private wallet where you possess the private keys to access it.
What are Decentraland Frequenty Asked Questions?
Where does Decentraland (MANA) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Decentraland currently ranks in position 45 out of the thousands of cryptocurrencies. It is also important to consider Decentraland‘s market cap – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Decentraland has a market cap of $ 1,686,667,275, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 580,420,009,465, Litecoin at $ 5,209,241,362, Ethereum at $ 251,054,789,661, Tether at $ 73,293,881,307, and XRP at $ 20,546,354,828.
What is the price of Decentraland (MANA) today (updated in realtime)?
The current price of Decentraland is $ 1.13 in USD. (The price in Euros is 1,07 €; and the price in Bitcoin is Ƀ 0.00003707 BTC.)
What is Decentraland‘s (MANA) market supply?
The total available supply of Decentraland is 1,496,533,922 MANA. The total supply of Decentraland is 2,193,662,627 MANA.
What is the 24 hour volume for Decentraland (MANA)?
The 24 hour volume for Decentraland is $ 280,835,351.
How has Decentraland (MANA) performed recently?
Decentraland‘s price has increased in the last 24 hours by 0.79%. This compares with a seven day change of -15.55%. The trading volume over the last 24 hours was $ 280,835,351. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds. It can be a good indicator of the general interest in the cryptocurrency.
What is Decentraland (MANA) official website?
Links to Decentraland‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
Has Decentraland (MANA) performed well historically?
Here is a chart showing how Decentraland has performed historically.
| Date | Open | Close | High | Low | Volume |
|---|
Where Can I Buy Decentraland (MANA)?
Here is a breakdown of the current market prices from top cryptocurrency exchanges.
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
Charts & Market Data
- Markets
- Zoom
- Type
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
Decentraland News
- Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this weekCointelegraph.com News - 3 hours agoBitcoin is getting a dose of reality this week as the World Economic Forum convenes and analysts still favor a fresh BTC price drop. Bitcoin…
- Venture funding for African crypto startups grew 11x in 2022: ReportCointelegraph.com News - 4 hours agoWhile Africa has not yet seen a “blockchain mega-deal,” the report noted that crypto unicorns might emerge from the region in 2-3 years. As the…
- Near Protocol picks up slack, onboards Tracer following Terra’s downfallCointelegraph.com News - 4 hours agoAs explained by Near Foundation’s Nicky Chalabi, projects like Tracer seek alignment with the core values of the ecosystem that can support the company’s roadmap…
- Layer-2 adoption could spur the next crypto turning pointCointelegraph.com News - 5 hours agoA mysterious Redditor may turn out to be clairvoyant with predictions that layer-2 scaling solutions on Ethereum will take center stage in the coming months.…
- Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple accountCointelegraph.com News - 7 hours agoLinks posted to a fake Louis Vuitton NFT raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand.…