Decentraland

What is Decentraland (MANA)?

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications within the Decentraland metaverse. The platform's native cryptocurrency, MANA, is used to purchase virtual land, goods, and services in this virtual world.

What Problem Does Decentraland (MANA) Solve?

Decentraland addresses several key issues:

• Ownership: Provides true ownership of virtual assets through NFTs.
• Monetization: Enables creators to monetize their content and virtual experiences.
• Decentralization: Ensures that the platform is governed by its users rather than a central authority.
• Interoperability: Allows for the integration and use of assets across different virtual environments and applications.

Why Does the Crypto Market Need Decentraland (MANA)?

Decentraland benefits the crypto market by:

• Enhanced User Experience: Allows users to create and interact with unique virtual experiences.
• Economic Opportunities: Offers new revenue streams for creators and developers through the sale and trade of virtual assets.
• Decentralized Governance: Empowers users to participate in decision-making processes.
• Innovation: Encourages the development of new and creative virtual experiences.

History & Achievements

Decentraland was conceptualized in 2015 and launched in 2017 by Ariel Meilich and Esteban Ordano. Since its inception, Decentraland has achieved significant milestones, including the launch of its virtual world, the establishment of a vibrant virtual economy, and partnerships with various organizations and developers.

Who Created Decentraland (MANA)?

Decentraland was created by Ariel Meilich and Esteban Ordano. The project was developed by a team of skilled engineers and blockchain experts, focusing on creating a decentralized virtual world governed by its users.

What Technology Does Decentraland (MANA) Use and How Does it Work?

Decentraland uses:

• Ethereum Blockchain: For decentralized operations and security.
• Smart Contracts: To automate transactions and ownership verification of virtual land and assets.
• NFTs: Represent virtual land parcels and other unique digital assets within the Decentraland ecosystem.

What Affects Decentraland (MANA) Price?

Factors influencing MANA price:

• Market Sentiment: News and developments within the virtual reality and crypto spaces.
• Platform Adoption: Increased use and engagement with Decentraland.
• NFT Market Trends: Demand for virtual land and assets within the Decentraland ecosystem.
• Regulatory Changes: Cryptocurrency regulations and legal developments.

Circulating Supply, Total Supply, and Max Supply

• Circulating Supply: 1,864,079,238 MANA
• Total Supply: 2,193,179,327 MANA
• Max Supply: 2,193,179,327 MANA

All-Time High and All-Time Low for Decentraland (MANA)

• All-Time High: $5.85 on Nov 25, 2021
• All-Time Low: $0.009237 on Oct 31, 2017

Where to Buy Decentraland (MANA)?

MANA tokens can be purchased on various major cryptocurrency exchanges, including:

• Binance
• Coinbase
• Kraken
• Gemini
• FTX

Who Invested in Decentraland (MANA) at an Early Stage?

Decentraland attracted early investments from notable venture capital firms and individual investors in the blockchain space. Early backers include firms such as Digital Currency Group, Boost VC, and Fabric Ventures.

What Are the Revenue Streams of Decentraland (MANA)?

Decentraland's revenue streams include:

• Transaction Fees: Fees collected from transactions within the Decentraland network.
• NFT Sales: Revenue from the sale of virtual land, assets, and other NFTs.
• Marketplace Fees: Fees collected from transactions on the Decentraland marketplace.