MA

Decentraland

MANA
MetaverseRank #48Ethereum

$0.0914

-1.77%24h
-4.89%7d

Market Cap

$176.47M

Volume 24h

$12.51M

Vol / Market Cap

7.09%

Rank

#48

MANA Price Chart

About Decentraland

Decentraland is a virtual world powered by blockchain where users own digital land and assets.

Decentraland is a virtual world powered by blockchain technology where users own digital land and interact in decentralized environments.

How It Works

A decentralized virtual reality platform powered by Ethereum. Users can buy parcels of land, build 3D environments, and socialize. The economy is entirely user-owned, with land titles and wearable items stored as NFTs on the blockchain.

Use Cases

Virtual Real Estate: Used to purchase parcels of digital land (LAND) and wearable items for avatars in a user-owned, decentralized 3D virtual reality platform.

Tokenomics

VR World Governance: Used to purchase "LAND" and in-game wearables. It is burned when used to buy land, making it deflationary. Used for community-run events, virtual casinos, and 3D social experiences.

Risks & Considerations

Similar to other virtual worlds, it faces a "ghost town" risk if active users do not return for organic gameplay.

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