What is Decentraland (MANA)? User-Owned Virtual World

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Bittime - Virtual worlds are increasingly attracting attention, and Decentraland (MANA) comes as a unique metaverse platform that allows users to own, build, and monetize their virtual assets. The platform offers immersive and interactive experiences, opening up new opportunities for entertainment, social, and economic.

What Is Decentraland (MANA)?

Decentraland is a decentralized metaverse platform built on the Ethereum blockchain. The platform allows users to:

• Buy and own virtual land
• Building virtual structures and experiences
• Monetize their virtual assets
• Interact with other users in a virtual world

Key Products &; Features of Decentraland (MANA)

• LAND: Virtual land that can be bought, owned, and built
• ESTATES: A group of LANDs combined into one
• Marketplace: A place to buy and sell virtual assets
• Builder: Tools for building virtual structures and experiences
• SDK: Software development kit (SDK) to allow developers to build applications on Decentraland

Also read: Web3 & Metaverse, Future Technology Trends

What is MANA Token?

MANA is the native token of the Decentraland platform. This token is used to:

• Buying LAND and other virtual assets
• Pay transaction fees
• Participate in platform governance
• Earn staking rewards

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Tokenomic Token MANA

• Total supply: 2,194,511,500 MANA
• Circulating supply: 1,862,511,500 MANA
• Market capitalization: $744,984,595 (as of February 20, 2024)

Decentraland Fundamental Analysis (MANA)

• Technology: Decentraland uses secure and transparent Ethereum blockchain technology.
• Team: The Decentraland team consists of experienced blockchain and gaming experts.
• Community: Decentraland has an active and thriving community.
• Adoption: Decentraland has been adopted by top brands and organizations.

Decentraland (MANA) Comparison & Competitors

Founder & Tim Decentraland (MANA)

Decentraland was founded by Ari Meilich and Esteban Ordano. The Decentraland team consists of experienced blockchain and gaming experts, including Ari Meilich (CEO), Esteban Ordano (CTO), and Federico Clapis (COO).

Expert Opinion About Decentraland (MANA)

• "Decentraland is one of the most innovative and exciting metaverses in existence today." – Matthew Ball, Venture Capitalist
• "Decentraland has the potential to become the premier entertainment and social platform of the future." - Yat Siu, Co-founder of Animoca Brands
• "Decentraland is the ideal platform for building immersive and interactive virtual experiences." - Gabby Dizon, Co-founder of Yield Guild Games

Conclusion

Decentraland is a decentralized metaverse platform that offers users a unique and engaging experience. The platform has the potential to become a major platform for entertainment, social, and economy in the future.

How to Buy Decentraland (MANA) on Bittime

You can buy and sell Decentraland (MANA) in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Decentraland (MANA) is available on Bittime with the MANA/IDR market pair . To be able to buy MANA IDR  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 assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Decentraland (MANA) on Bittime.

Monitor price  chart movements  of Decentraland (MANA) ,  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 does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly from time to time and Bittime is not responsible for fluctuations in the exchange rate of crypto assets.