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Decentraland (MANA) News

Decentraland has become an attractive virtual universe that allows users to trade and build on virtual land. The platform has welcomed impressive interest from individual and corporate users who seek interaction and ownership within the metaverse. Explore the latest Decentraland news as the platform offers users an immersive experience in the metaverse, with a buzzing virtual economy and endless opportunities.

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MANA MANA
$0.26
Market Cap $494.87 M
24h Volume $42.75 M
24h Low/High $0.3 / $0.3
1h -0.28%
24h 6.42%
7d 9.53%

Decentraland offers its community a dynamic digital experience where users can interact in diverse ways while enjoying a full immersion. The platform is a gaming ecosystem distinct from other options because it allows users to truly own the in-game assets represented as non-fungible tokens (NFTs). Users can own land in the Decentraland ecosystem, purchasing plots and modifying or building on them while maintaining control of the assets. Since the platform is decentralized, all items purchased within the marketplace, including land and art, permanently belong to the users.

Items owned offer value to the users within the virtual ecosystem as well as the real world. Since ownership is exclusively in the hands of users, the success and growth of the platform depend on the continuous engagement of participants. The decentralized model also ensures that users have all the power to make platform decisions. This model has also attracted a wide range of artists and entrepreneurs who enjoy innovation as it allows them to express their creativity while enjoying the commercial appeal of Decentraland.

Decentraland has seen healthy interest from several brands and businesses aiming for a strong presence in a metaverse presence. The participation from these entities has made virtual real estate a sought-after commodity as companies consider engaging with their targeted audiences through the metaverse. Consequently, Decentraland events and exhibitions have become more common.

The Decentraland ecosystem functions using the MANA $0.26 24h volatility: 6.4% Market cap: $494.87 M Vol. 24h: $42.75 M token, which facilitates the economy by maintaining security and incentivizing participation. Participants interested in engaging in economic activity, including leasing virtual property and performing other general ecosystem functions, use MANA. Each MANA transaction is permanently recorded on the Ethereum blockchain to ensure security and transparency.

Read the Decentraland (MANA) guide for in-depth details about one of the most popular metaverse platforms in the blockchain space.

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FAQ on Decentraland (MANA) News

Who is the owner of Decentraland?

Decentraland does not have a single owner. Although it was created by computer scientists Ariel Meillich and Esteban Ordano, it is a decentralized virtual world built on the Ethereum blockchain and controlled by its community. 

What makes Decentraland unique?

Decentraland allows users to truly own and monetize their in-game assets. In addition, governance is executed through a decentralized autonomous organization (DAO) that democratizes all decision-making.

Can you earn in Decentraland?

Decentraland users can earn by buying and selling virtual land, creating assets, hosting metaverse events, or leasing property. Also, since Decentraland adopts the play-to-earn (P2E) model, users can earn by game participation.

What role does MANA play in Decentraland?

MANA is the platform’s native asset and is used for various transactions. Through MANA, users can buy goods, pay for services, buy virtual land, or participate in governance by voting.