Decentraland

Decentraland

MANA

$0.101521

Current Price

-3.99%

24h Change

Info

MANA

Symbol

$222.65M

Fully Diluted Valuation

$198.81M

Market Cap

194

Market Rank

2.19B

Total Supply

$17.84M

Total Volume

$0.104722

24h High

$0.10086

24h Low

About Decentraland

Decentraland (MANA) is a pioneering project in the virtual reality (VR) space, aiming to create a decentralized metaverse where users can explore, create, and monetize content and applications. By leveraging the Ethereum blockchain, Decentraland addresses the need for a shared virtual world where ownership and creativity are not controlled by a single entity. Its core mission is to empower users with the ability to own digital real estate, known as LAND, and build unique experiences, ranging from virtual galleries to interactive games, fostering a vibrant digital economy that blurs the line between the real and virtual worlds. Technically, Decentraland stands out through its use of blockchain to ensure true ownership and immutability of digital assets. The MANA token plays a pivotal role in this ecosystem, serving as the currency for transactions within the marketplace, such as purchasing LAND and other digital goods. The platform supports a diverse range of use cases, including virtual events, social networking, and e-commerce, while also integrating with the broader DeFi ecosystem for additional financial services. With partnerships with brands and developers, Decentraland has established itself as a leader in the metaverse space, attracting a robust community of creators and users, and marking significant milestones in user adoption and platform development.

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FAQ

Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.

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