What Is Decentraland (MANA)?
Decentraland (MANA) is a blockchain-powered virtual reality platform built on the Ethereum network. It enables users to create, explore, and monetize content and applications within a decentralized digital world.
In this metaverse, users purchase virtual land parcels (LAND) to develop, traverse, and monetize. Decentraland launched after a $24 million Initial Coin Offering (ICO) in 2017, transitioning from a closed beta in 2019 to a public release in February 2020. Users have since crafted diverse experiences—interactive games, 3D scenes, and immersive social spaces—on their LAND holdings.
The platform operates with two tokens:
- MANA: An ERC-20 utility token used to purchase LAND (burned in the process) and pay for avatars, wearables, and names in Decentraland’s marketplace.
- LAND: Non-fungible ERC-721 tokens representing ownership of virtual real estate.
👉 Discover how to buy MANA tokens
Who Are the Founders of Decentraland?
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What Makes Decentraland Unique?
Decentraland stands out for its:
- True Ownership: Users fully control their LAND and assets via blockchain.
- Decentralized Governance: The Decentraland DAO lets MANA holders vote on platform policies.
- Interoperability: Assets (e.g., wearables) can be traded across Ethereum-compatible marketplaces.
How Many MANA Tokens Are in Circulation?
(Detail total supply, circulating supply, and tokenomics, including burn mechanisms.)
How Is the Decentraland Network Secured?
Decentraland relies on Ethereum’s Proof-of-Stake (PoS) consensus, ensuring security and scalability. Smart contracts govern LAND transactions and MANA burns.
Where Can You Buy Decentraland (MANA)?
MANA is listed on major exchanges like:
- OKX
- Binance
- Coinbase
FAQs
1. Is Decentraland free to use?
Yes, but purchasing LAND or premium items requires MANA tokens.
2. Can I earn money in Decentraland?
Absolutely! Users monetize through virtual events, NFT sales, and land leasing.
3. What’s the difference between MANA and LAND?
MANA is a currency; LAND represents virtual property ownership.
Keyword integration: Decentraland, MANA token, virtual land, Ethereum metaverse, NFT, DAO governance.
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