What is Decentraland (MANA)?
Decentraland is a 3D virtual, world where land is divided into different plots. Each plot of land was associated with a hash reference to a particular file containing the assets meant to be displayed on that plot. Users could travel across the virtual world using a Distributed Hash Table and downloading the file and assets for a specific location.
In early 2017, Decentraland launched its first-ever beta, where plots of land were sold for as low as $20. Now those little parcels of in-game land have been auctioned for exorbitant sums with some parcels going for $2M+. Decentraland has integrated itself within the ecosystem by utilizing the growing Ethereum network’s smart contract capabilities. This has enabled interactive apps, in-world payments, and peer-to-peer communication in the metaverse. Today, players may trade digital assets, socialize with friends, and even hold VR conferences, all while exploring this ever-expanding digital world.
The world of Decentraland comprises many digital plots of land, which are represented as non-fungible tokens (NFTs) on the blockchain. As long as they are within the confines of their own land plot, owners are free to create and display their creations for all to see. Decentraland's native token MANA is the utility token of the project. Users trade in MANA to make in-game purchases.
Real World Example:
Users in the Decentraland world are free to roam the digital landscape and explore the various plots of land available. Owners of this land are free to create marketplaces, environments and applications which are on display for all Decentraland users to enjoy.
At the time of writing the highest sale price of a Decentraland parcel of land was $2.4 million. Users can also purchase "wearables" for their in-game character. Recently digital shoes sold for $8.1k.
Click on the button below, to visit the Decentraland website:
Click on the button below, to buy Decentraland today:
Buy Decentraland ($MANA)