Decentraland MANA Price

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

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.

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.

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.