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$2.5T
Total marketcap
$76.65B
Total volume
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Dominance
Decentraland

Decentraland MANA Price

$0.471 7.3906%
  • BTC 0.0000073
  • ETH 0.0001

Decentraland Price chart

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Statistics

Decentraland Price $0.471 All-time high $5.85 Days since ATH 878
Price change $0.03241 (7.3906%) Date of ATH Nov 25, 2021 % of ATH -91.96%

Decentraland Review

Decentraland (code: MANA)

Founded Date: Aug 8, 2017

Founders:

Ari Meilich
Ari Meilich
Co-founder
Esteban Ordano
Esteban Ordano
Co-founder

Decentraland(MANA) - Coin Trading Data

Decentraland Price $0.471
Ticker MANA
Market Capitalization $876.7M
Fully Diluted Valuation (FDV) $1.03B
Value 24h low $0.4283
Value 24h high $0.4727
Trade Volume for 24h $62.91M
Current Circulating Supply 1.86B
Maximum Supply 2.19B
Algorithm
ICO Price and ICO ROI 0.02 USD 23.55x
Price Change 24h % 7.3906%
MANA quote $0.471
Fully Diluted Valuation (FDV) $1.03B

Decentraland(MANA) ATH - All Time High Price

Decentraland ATH Price $5.85
MANA quote 878
ATH Date Nov 25, 2021
All Time High % -91.96%

Decentraland Profile

Decentraland is an Ethereum-based platform based on virtual reality. In its virtual world, you can buy so-called land plots where you can build on, share them, or monetize the land. There is almost no limit to what you can do with your land, and in fact, it is the first digital platform that is completely owned by its users.

It can be accessed using VR or an AR headset that is connected to your computer or smartphone. You purchase a plot of land for yourself, furnish it, and make your world more comfortable. In the virtual world, users not only own their own land, but also have the opportunity to create value with an NFT token that can be sold.

Land can be monetized, which means that each player decides for himself how to use his LAND tokens. Your creativity is the only limit to your choices in this online environment: the Decentraland project provides a lot of different options for interaction, including advertising and content generation.

Features of the Decentraland platform

Freedom of actionPlatform users are free to create and modify their 3D reality, and all modifications will be recorded in the Ethereum smart contract, which ensures the security of the created content.
Lots of possibilitiesDeveloping applications, games, creating objects, loading textures, controlling physics are all possible thanks to the platform's unique software code.
DecentralizationThis is a big advantage of the platform, as not all blockchain projects these days are truly decentralized.
Digital art objectsThe project has its own marketplace, where you can buy or sell NFT. In other words, users create their own non-interchangeable tokens, which are needed to secure ownership over a particular object.

History of Decentraland

  • Decentraland was founded in 2015 by Ari Meilich and Esteban Ordano and at the time presented as a 2D grid of colored pixels.
  • During 2016, it evolved into its current three-dimensional form.
  • In 2017, the developers held an initial coin offering, which raised $25 million.

LAND

What makes Decentraland so special is that absolutely all areas, with the exception of roads and squares, can be bought, sold, and built up by players. Moreover, all transactions are documented on the Ethereum blockchain to secure ownership and prevent any fraud.

  • Each LAND plot has its own unique geographic address. As in real life, the price of the property is determined by its location and infrastructure. You can buy neighboring plots in Decentraland so you have the opportunity to build even larger projects.
  • Each LAND plot in the game has a size of 33 square feet and is represented as an NFT. You can purchase virtual real estate for Mana, which is the internal game currency. Owners can place content on their land, which can vary from static 3D scenes to interactive systems such as games, casinos, and art galleries.
  • Similar LAND groups are forming districts. Districts represent communities that share the same topics. For example, the platform has a separate district for fans of cryptocurrencies, crypto-applications, and services.

The most popular areas in Decentraland are:

  • Art galleries where owners demonstrate and sell their NFT digital art;
  • Casinos where you can gamble with your crypto to win Mana;
  • Gaming sites,
  • Content sponsored by popular brands;
  • Music venues for musicians.

MANA

MANA cryptocurrency is an ERC-20 token in the Ethereum blockchain which is used to buy and sell NFTs such as LAND, make transactions in the meta universe and vote on proposals for upgrades to its software.

MANA's initial offering was just over 2.8 billion tokens. 270 million MANA were initially burned during two LAND auctions on the platform. Some of the tokens continued to be burned in marketplace transactions until a management vote reallocated 2.5% of the tokens to community coffers.

During Decentraland's initial coin offering, 40% of its tokens were sold to raise funds for the project. Another 20% were distributed to community partners, 20% to the team and first contributors, and 20% to the Foundation.

This includes 222 million MANA, which has been placed under the discretionary control of DAO, which has a ten-year vesting schedule to support developers developing their meta-universe.

The MANA supply is built on the popularity of the Decentraland universe. The coin can be bought on exchanges, or obtained by speculating on the exchange rate of the digital currency. The coin is not supported directly by any assets: stocks, futures, precious metals or fiat currencies. The value of a token is based solely on user demand.

Main ways of earning MANA:

  1. Renting premises: it's cheaper than buying a plot of land.
  2. Renting land for a billboard. For this you must have a beautiful place and involve your friends.
  3. Organizing trainings, conferences, and other paid events.
  4. Creation of values, and convert them into an NFT token to be able to put the item on the marketplace. You can sell paintings, equipment, tools, construction materials, avatar clothes, attributes and accessories.

For active actions, the meta universe rewards its citizens, since mining coins in the classic way is not provided. There is no mining on video cards, processors, or ASIC devices.

MANA coins can be stored in any wallet that supports the ERC-20 standard, but the developers recommend MetaMask. This service is fully compatible with the Ethereum blockchain.

Decentraland DAO

Decentraland DAO manages the operation of its meta-universe and other platform offerings. Members can create and vote on proposals based on their MANA and LAND holdings. By doing so, they have the right to vote on certain aspects of the operation of the meta-universe.

This includes determining which servers can join the network, giving grants to developers to create new meta-universe features, and deciding which points of interest to highlight on the meta-universe map. Voting takes place using a decentralized system called Snapshot, which makes it free for voters to manage.

Decentraland DAO

Summary

Decentraland is a virtual reality platform where you can own your own piece of land. Decentraland combines the capabilities of virtual reality and blockchain technology. With the growing popularity of 3D realms and virtual reality, Decentraland promises to gain momentum, as the decentralized nature of this platform is a huge advantage at the moment.

On the other hand, the developers continue to make new attempts to attract attention to their project. To do this, they regularly organize all sorts of different contests for NFT.

They create absolutely everything, including the emotions of avatars, which makes virtual reality even more complex. For example, Decentraland will hold its second annual Metaverse Fashion Week (MVFW) March 28-31, 2023, where global brands will showcase digital wearable devices.

How much is a one Decentraland worth now?

1 Decentraland worth $0.471 now.

What is the price of MANA?

The price of MANA is $0.471.

What is the Decentraland max supply?

The max supply of Decentraland is 2.19B.

What is the Decentraland stock symbol or ticker?

The stock symbol or ticker of Decentraland is MANA.

How many MANA coins are there in circulation?

There are 1.86B coins in circulation of MANA.

What is the exchange rate of Decentraland(MANA)?

The exchange rate of Decentraland is $0.471.

What was Decentraland's trading volume in 24 hours?

Decentraland's 24-hour trading volume is $62.91M.

What was the highest price paid for Decentraland?

Decentraland reached a record high of $5.85 on Nov 25, 2021

Decentraland Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Poloniex Poloniex MANA/USDT $0.4725 $15.58M 23.21% 20 hours ago
2 Binance Binance MANA/USDT $0.4706 $5.89M 8.77% 20 hours ago
3 Bibox Bibox MANA/USDT $0.4654 $4.23M 6.3% 20 hours ago
4 Bitrue Bitrue MANA/USDT $0.4712 $3.17M 4.72% 20 hours ago
5 HTX HTX MANA/USDT $0.4712 $3.12M 4.65% 20 hours ago
6 Nami.Exchange Nami.Exchange MANA/USDT $0.4693 $3.06M 4.56% 20 hours ago
7 Nami.Exchange Nami.Exchange MANA/VNST $0.4693 $2.85M 4.25% 20 hours ago
8 Coinstore Coinstore MANA/USDT $0.4719 $2.36M 3.51% 20 hours ago
9 Upbit Upbit MANA/KRW $0.4997 $2.15M 3.2% 20 hours ago
10 Bullish Bullish MANA/USDC $0.4712 $2.01M 3% 20 hours ago
11 OKX OKX MANA/USDT $0.4706 $1.6M 2.38% 20 hours ago
12 BitVenus BitVenus MANA/USDT $0.4712 $1.3M 1.94% 20 hours ago
13 Icrypex Icrypex MANA/TRY $0.4816 $941.49K 1.4% 20 hours ago
14 Bybit Bybit MANA/USDT $0.4706 $922.76K 1.37% 20 hours ago
15 Websea Websea MANA/USDT $0.4719 $907.17K 1.35% 20 hours ago