Decentraland
Decentraland is an Ethereum-powered virtual reality platform. In this virtual world, you purchase plots of land that you can later traverse, build upon, and monetize. There’s no limit to what you can do. It’s the first digital platform that’s completely owned by its users. Similar to games like Skyrim and Fallout, Decentraland is an all-immersive virtual universe. However, instead of playing on a 2-dimensional screen, you participate in a 3-dimensional world. It seems to be the logical next step before creating full-blown AI-based games in the physical space à la Westworld. Similar groupings on LAND comprise Districts. Districts are basically communities that revolve around a shared theme. For example, there may be a District just for crypto enthusiasts with cryptocurrency apps and services.
The Decentraland team is led by Ari Meilich (Project Lead) and Esteban Ordano (Tech Lead). Ordano previously worked at Bitpay as a software engineer and founded Smart Contract Solutions, Inc. Both founders have also worked together in creating Stremium and Bitcore. Decentraland has been around for longer than you may think. The team hit their first development milestone, Stone Age, in June 2015. This was a simple, pixelated grid that allocated pixels to users through a proof-of-work algorithm. Most recently, they held a Terraform Event in which they sold LAND in the new, 3D world. The team has also partnered with district0x, Aragon, and imToken to provide some of their services.
MANA is the token used to buy lands in Decentraland. The Blockchain platform can be incorporated in order to buy or sell the various digital assets available in the virtual world. An unclaimed land would have the same market pricing on every exchange possible and precisely the developers are on a hunt for such since as they can build on top of it, and attract lot of popularity. However, one must keep in mind that the land parcels are different from them and each one of them varies according to the various market conditions of that time. Mana can be a great investment and can be bought by trading and with other Bitcoin, Ethereum, or any other prominent cryptocurrency and on some of the most notable cryptocurrency exchanges. Specifically, Binance and Huobi are two of the best cryptocurrency exchanges that one can suggest for trading Mana tokens.
The Decentraland coin isn’t a minable cryptocurrency as it is issued on the Ethereum blockchain, unlike Bitcoin and other similar currencies. So users looking to engage in some Decentraland mining will be disappointed. Instead, it was sold during token sales and is now being traded on exchanges.
Bitcoin News / Bitcoin.com - 1 week ago
The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the t...
Cryptocoins News / CoinJournal - 2 weeks ago
Decentraland’s MANA has surged by over 20% in the week
Most gains came when the metaverse platform announced an open-cross competition
MANA’s long-term recovery remains tied to the crypto sentiment
Decentraland’s (MANA/USD)...
Cryptocoins News / The Cointelegraph - 3 weeks ago
“VR has always been part of Decentraland’s vision,” a developer working on the platform’s VR client told Cointelegraph. The metaverse and virtual reality (VR) go hand...
Cryptocoins News / CoinJournal - 4 weeks ago
Curious about the future of the metaverse and which projects will dominate? This article will discuss through The Sandbox, Metacade, and Decentraland price forecasts for 2025 and give you an idea of what you might expect in the long-term.
What is Th...
Cryptocoins News / CoinJournal - 1 month ago
The metaverse looks increasingly poised to become a major player in the tech world in the next few years. As more and more major companies are joining in, it looks like widespread adoption is just on the horizon. That means that now is the time to be...
Cryptocoins News / CoinJournal - 1 month ago
Metacade (MCADE) is an up-and-coming Web3 gaming ecosystem that is set to rival many existing metaverse projects, including Decentraland (MANA).
With multiple metaverses vying for attention, it can take time to pinpoint which ones really stand out f...
Cryptocoins News / CoinJournal - 1 month ago
The race is on to see which metaverse project is going to come out on top and see which coin will give investors the biggest return in 2023. Decentraland has had a headstart compared to others in the industry but can its MANA token stay ahead of the...
Cryptocoins News / The Cointelegraph - 1 month ago
The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace. The met...
Cryptocoins News / CoinJournal - 1 month ago
The cryptocurrency bear market has been damaging to projects like Decentraland and its MANA token. At its peak, the project was trading at a $10 billion valuation, but now that’s slumped down to around $1.1 billion. The project may recover with...
Cryptocoins News / CoinJournal - 2 months ago
Have you been looking to& buy Decentraland’s (MANA/USD) this month? Unfortunately, a technical outlook shows the metaverse token is not ready yet. The token has claimed a new low in the year and looks increasingly bearish. At least, we expe...
Cryptocoins News / CoinJournal - 2 months ago
Key Takeaways
Decentraland has added more holders than any token since last year, increasing 469% according to eToro
Top 3 movers comprise MANA (metaverse), SHIBA (meme) and ENJ (gaming)
Bitcoin is the most popular crypto, pushing last year’s...
Cryptocoins News / NewsBTC - 3 months ago
Decentraland (MANA) managed to tally a 3.4% increase over the last 24 hours as the crypto space is looking at a possible bullish recovery.
In doing so, the crypto managed to trim its losses on its biweekly and monthly charts to 2.7% and 9.4%, respect...
by COINS NEWS - 3 months ago
As of writing the cheapest plot of land costs 3525 mana, 2355 USD, or .12 BTC. Who out of its 38 users would buy this? I can’t grasp the shortsightedness it’s holders have that allow the world to exist in this paradox. Decentraland can not succeeded...
Cryptocoins News / The Cointelegraph - 3 months ago
DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity’s daily user count is over 100,000, but DappRadar measures it only a...
by COINS NEWS - 3 months ago
I thought that decentraland was going to be one of the big plays in the meta verse stuff … but I’ve not seen too much about it lately …. I check the specialized threads from time to time and try to stay up in the knowledge about its every day moves a...
by COINS NEWS - 3 months ago
Not the coolest spot to hang just yet submitted by /u/bingorunner [link] [comments]
Cryptocoins News / The Cointelegraph - 3 months ago
eToro stated that MANA and SHIB saw the biggest surge in hodlers in Q3 2022, posting increases of 437% and 269% apiece compared to Q3 2021. Increasing interest in th...
Bitcoin News / Google News Bitcoin - 3 months ago
Samsung Latam Launches 'House of Sam' Metaverse Experience in Decentraland – Metaverse Bitcoin News& & Bitcoin News
Bitcoin News / Bitcoin.com - 3 months ago
Samsung Latam, the regional division of the electronics giant, has decided to present its own space in Decentraland, an Ethereum-based metaverse platform. The space, which will be named “House of Sam,” will allow users to have v...