About Decentraland

What is the Decentraland price today?

The MANA price is currently $0.47. The price of Decentraland is -15.66% over the last 30 days. You can use the live Decentraland chart to track the MANA/USD price in real time above, or compare the Decentraland value today to its past performance using the Decentraland price history tab at the top of this page.

What is the total supply of MANA?

The circulating supply is 1,878,271,531.83 MANA, out of a total maximum supply of 0.00 MANA.

What is the price prediction for Decentraland?

The average Decentraland price prediction values the coin at $0.30 by the end of 2023. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all impact the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin. 

What is Decentraland?

Decentraland is a virtual world that lets users play games, build, experience, and monetise content and virtual items. 

Built on the Ethereum blockchain, the metaverse project is owned by its users and operates as a decentralised autonomous organisation where the community makes decisions about its future development. Its native cryptocurrency, MANA, is used to transact within the virtual world. 

How does Decentraland work?

Decentraland is an online virtual world divided into parcels of land, which users can purchase and develop however they want. Land in the Decentraland platform is purchased using its native token, MANA. 

Once a parcel of land has been bought, users can publish content such as games, applications and artwork. The platform can also be used to create interactive experiences such as concerts. 

How is the Decentraland network secured?

Decentraland is secured by the blockchain that it runs on. It is built on the Ethereum network and uses a proof of work consensus mechanism. This means that other users on the network verify and secure all transactions. These users, known as validators, are rewarded with MANA tokens for the work. 

What is Decentraland used for?

The Decentraland network is mainly used for social interaction within the virtual world. Many of its users play games and meet with other users on the platform. Developers can monetise their creations by charging MANA to access their content or by selling assets they have created. 

Why does MANA have value?

MANA is the Decentraland ecosystems currency and for anyone to participate on the platform, it is required. It is used to purchase virtual land, pay fees, purchase assets, and gain entry to exclusive experiences such as concerts. As the Decentraland platform grows in popularity, its native token, MANA, will likely increase in value. 

Who created Decentraland?

Decentraland was created by Esteban Ordano and Ari Meilich in 2017. Ordano and Meilich initially funded the project through a token sale, where investors purchased MANA by exchanging Ethereum. Since its creation, it has become one of the most used and popular virtual metaverse projects on the Ethereum blockchain.

Where can I buy Decentraland?

You can buy Decentraland on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Decentraland?

The simplest way to invest in Decentraland is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Decentraland alternatives?

Decentraland is a metaverse project and there are several other options offering something similar. Here is a quick look at a few MANA alternatives. 

• The Sandbox. Sandbox operates on the Ethereum blockchain and is a gaming coin.
• Cardano. Cardano is a ‘third gen’ blockchain.
• MultiversX. MultiversX uses sharding for ultra fast transactions. 

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