Have you ever imagined having your own virtual world? If yes, then you might be interested in Decentraland. To transact in it, you need to use a crypto token called MANA.
In Decentraland, you can buy, sell, and utilize virtual land called LAND, as well as interact with various experiences created by other users. You can also use a crypto token called MANA to make transactions in the world of Decentraland. Let's learn more about Decentraland and what makes it interesting.
What is Decentraland?
Decentraland is a virtual world platform that launched in 2017, after raising $26 million in an initial coin offering (ICO). The platform opened to the public in February 2020.
Since then, users have created a variety of experiences on their land, from interactive games, expansive 3D vistas, to unique digital art. Decentraland uses two tokens, namely MANA and LAND.
MANA is an ERC-20 token that must be burned (destroyed) to obtain a non-fungible ERC-721 standard LAND token. MANA tokens can also be used to pay for various avatars, clothing, names and more on the Decentraland marketplace.
Decentraland is a virtual world that is completely owned and managed by its users. There is no central authority controlling the platform, but rather a decentralized autonomous organization (DAO) consisting of MANA token holders.
Decentraland DAO is responsible for managing the rules, budget and development of this platform. Users can submit and vote on proposals that impact how the world of Decentraland works or secure funding for their ideas by applying for grants.
Why is Decentraland Attractive?
Decentraland offers many possibilities for its users, both in terms of creativity, social and economic aspects. The following are some reasons why Decentraland is interesting to follow:
Decentraland is an open and inclusive platform
You don't need to have programming or design skills to create content and apps on Decentraland.
You can use the tools provided by this platform, such as SDK (software development kit), Builder, and World Editor, to easily create your own virtual world.
Decentraland is a dynamic and diverse platform
You can explore and discover various experiences created by other users. You can visit various districts that have different themes and styles, such as Vegas City, Crypto Valley, Dragon City, and others. You can also meet people from all over the world, party at events, and have fun together.
Decentraland is a profitable and potential platform
You can make money from the content and applications you create. You can sell your land, goods and services on the Decentraland market, or take part in the income programs offered by this platform, such as the Creator Contest, Game Jam and Hackathon. You can also invest in land or MANA tokens, which have a high and volatile market value.
How to Join Decentraland?
To join Decentraland, you just need to visit the official website of this platform, i.e decentraland.org, and selecting the “Enter” option. You will be asked to create an account using your email address or social media account.
After that, you can choose an avatar, give it a name, and start your adventure in the world of Decentraland. You can also download the Decentraland desktop app, which offers better performance and features than the web version.
To transact on Decentraland, you need MANA tokens and a crypto wallet that supports them. You can buy MANA tokens on various crypto exchanges, such as Binance, Coinbase, Huobi, and others.
You can also sell your collections on the Decentraland market, such as land, clothes, names, and others. You can use a crypto wallet that is compatible with Decentraland, such as Metamask, Fortmatic, WalletConnect, or Dapper .
What is MANA Token?
MANA tokens are the official currency of Decentraland, used for various purposes on the platform. The MANA token is an ERC-20 token, which means it is based on the Ethereum blockchain.
Ethereum is a secure decentralized network, guarded by thousands of miners and nodes, ensuring that the Ethereum blockchain and MANA tokens are protected from attacks.
MANA is the token that must be burned to obtain LAND tokens, which are non-fungible ERC-721 tokens. LAND tokens are tokens that represent virtual land in Decentraland, which can be bought, sold and utilized by users.
Each LAND token has unique coordinates (x,y) that determine its location in the Decentraland world. Each LAND token also has a size of 16x16 square meters.
MANA can also be used to pay for goods and services in Decentraland, such as avatars, clothes, names, and more. MANA also gives its holders voting rights in the Decentraland DAO, allowing them to participate in decisions that affect the platform.
MANA can be purchased on various crypto exchanges, or by selling your collection on the Decentraland marketplace.
Conclusion
Decentraland is a virtual world platform powered by the Ethereum blockchain, which allows users to create, explore, and monetize the content and applications they create.
Decentraland is an ambitious and innovative project, which offers many possibilities for its users. Decentraland uses two tokens, namely MANA and LAND, which have different functions and values. If you are interested in virtual worlds, metaverses, and crypto, then Decentraland is a platform you should try.
How to Buy MANA Tokens on Bittime
You can buy and sell MANTA tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. MANA is available on Bittime with MANA IDR pairing .
To be able to buy MANTA/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make MANTA purchases in the application. More complete guide on how to buy MANA on Bittime
Monitor price chart movements of Manta Network (MANTA), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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