The current price of Decentraland Mana is $ 1.13 USD and the MANA volume today is $ 277,085,918 USD. Decentraland Mana’s price changed 7.15% in 24 hours. MarketCap MANA is $ 1,692,019,884. The current CoinGecko #45 ranking.
Decentraland defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to develop, experience and monetize their apps and software. The virtual globe launched their beta in 2019 and opened up in February 2020. MANA tokens can additionally be used to pay for names, avatars and more on Decentraland marketplace sites like. The platform supports two tokens: Land and Mana. MANA is an ERC-20 token that needs burning for the acquisition of non-fungible Land tokens. For an acquired token the Land shall be burned.
Decentraland is a Blockchain-based virtual reality platform. Users can buy, develop and sell Virtual Land – non-fungible ERC 721 token that represents real land ownership. Users buy LAND as well other goods and services from a MANA fungible token. Unlike other virtual worlds like Second Life it is not controlled by a central authority or company. It provides users with easy online ways to interact with each other’s content and game. It’s a shared virtual world that’s similar to Metaverse as detailed in the Stephenson Science-Fiction Novel Snowcrash.
The MANA digital asset is the token that pays for goods and services within Decentral and for services. It’s built on an Ethereum platform according to ERC20 standard for tokens. MANA is possible as a trading option of fiat currency or digital currency.
Its total supply of MANA notes is set at 2.5 billion MANA. Decentraland is a virtual world built on top of the world’s largest decentralized network. The token will be used to communicate.
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