Coins
21,074
Market Cap
$2,471.49 B USD
24H Change

+4.10%

24H Volume
$113.12 B USD
Dominance
BTC: 51.55%, ETH: 15.14%
ETH Gas
10 Gwei

MANA

Decentraland

MANA

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$0.4425 USD

N/A

(24H)

0.00000708 BTC

-0.96%

(24H)

Decentraland Price Chart (USD)

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Market Cap (USD)

$844.48 M

24H VOLUME (USD)

$74.38 M

Circulating Supply

1.91 B MANA

Max Supply

2.19 B MANA

Total Supply

2.19 B MANA

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General Information

Social Channels

Contract Address

  • icon

    Ethereum

    0x0f5d2fb29fb7d3cfee444a200298f468908cc942


  • icon

    Fusion Network

    0x61be5df5459573a7c25673e74281cef4cef81e7d


  • icon

    Solana

    7dgHoN8wBZCc5wbnQ2C47TDnBMAxG4Q5L3KjP67z8kNi


About Decentraland

Rank #96

Decentraland Price Summaries

Latest Data

Decentraland’s price today is US$0.4425, with a 24-hour trading volume of $74.38 M. MANA is +0.00% in the last 24 hours.MANA has a circulating supply of 1.91 B MANA and a max supply of 2.19 B MANA.


What is Decentraland

Decentraland is a virtual reality (VR) platform fueled by the Ethereum blockchain. Users can create, experience, and monetise content and applications. Its native digital token MANA is an ERC20 token used to pay for virtual plots of land in its metaverse along with goods and services. As a fungible token, MANA is interchangeable with other ERC20 tokens. Decentraland comprises consensus, land content, and real-time layers that connect the smart contract infrastructure to real-time visualisation and gaming for users.

A Brief History of Decentraland

Ariel Meilich and Esteban Ordano co-founded Decentraland, which launched in August 2017. The duo arranged collaborations with several companies such as Binance and Samsung for their metaverse project. The co-founders have since stepped down from management positions in the project but still act as advisors.

When Decentraland debuted, digital land parcels cost about US$20, and MANA tokens cost $0.02. Genesis City, the game's initial map, was made up of 90,601 parcels of land. In 2017, the project raised $26 million in its initial coin offering (ICO).

Users may buy and trade LAND, Estates, Avatar wearables, and names in the Decentraland Marketplace, which stocks several digital products and paraphernalia supported by the Ethereum blockchain.

Decentraland employs two tokens, LAND and MANA, to enable users to engage with the platform. Non-fungible LAND tokens carry coordinates of a single point on the grid, reference each parcel's data, and represent the individual ownership of land parcels. A ledger keeps a smart contract's ownership data. Users must burn ERC20 MANA tokens to get LAND, and MANA tokens can buy in-game items and services.

How Decentraland Works

Decentraland consists of numerous layered components constructed using Ethereum smart contracts. This consensus layer keeps a ledger that tracks who owns which land parcels. Each LAND parcel has a unique place in the virtual world, an owner, and a reference to a description file representing the parcel's unique content. This content layer governs what occurs inside each parcel and comprises the three files that are necessary to render them:

Content Files: referencing all static audio and visuals

Script Files: defining the placement and behaviour of the referenced content

Interaction Definition: peer-to-peer interactions such as gesturing, voice chat, and messaging.

Finally, the real-time layer supports social interactions inside Decentraland, where users use avatars, including voice chat and messaging.

The Decentraland design application keeps track of real estate parcels specified by LAND tokens. The programme uses the Ethereum blockchain to monitor ownership of the digital land. Users can use their MANA token in an Ethereum wallet to participate in its ecosystem. Furthermore, developers have the freedom to innovate inside Decentraland's platform by defining the animation and interactions that users encounter on their virtual real estate.

What is Decentraland Used for

Decentraland's primary usage right now is as a game. While Decentraland has many applications, such as virtual business development, the video game has come first.

Hence, MANA is mainly utilised as in-game money, as it allows users to purchase and sell goods inside the game.

Many people believe that the metaverse will become more beneficial in the future. In a metaverse, events such as video chats and concerts may occur. Decentraland hopes to introduce its technologies to a much larger user base and integrate the initiative into daily living.

More about Decentraland

Website

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MANA Price Statistics

Decentraland Price

$0.4425

24h high / 24h low

N/A

7d high / 7d low

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30d high / 30d low

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Trending

Currency Converter

Amount

MANA

MANA

1 MANA = 0.4425 USD

Rate is for reference only. Updated

General Information

Social Channels

Contract Address

  • icon

    Ethereum

    0x0f5d2fb29fb7d3cfee444a200298f468908cc942


  • icon

    Fusion Network

    0x61be5df5459573a7c25673e74281cef4cef81e7d


  • icon

    Solana

    7dgHoN8wBZCc5wbnQ2C47TDnBMAxG4Q5L3KjP67z8kNi


MANA Price Statistics

Decentraland Price

$0.4425

24h high / 24h low

N/A

7d high / 7d low

N/A

30d high / 30d low

N/A

90d high / 90d low

N/A

All-time high / All-time low

N/A

Trending

Company

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