Deveab Blog

Decentraland (MANA) Price: Live Chart and Key Insights

Written by

deveab

in

About Decentraland and MANA Token

Decentraland (MANA) is an Ethereum-based digital asset that powers a blockchain-powered virtual reality platform. Users leverage MANA to:

  • Purchase virtual land parcels (stored as NFTs)
  • Develop interactive 3D environments and applications
  • Participate in the platform’s decentralized economy
  • Trade digital assets on supported exchanges

👉 Explore Decentraland’s virtual economy

Core Features of Decentraland

  1. True Digital Ownership
    Land parcels are permanently owned via blockchain records with (x,y) coordinates. Owners retain full creative control over their virtual properties.

  2. Decentralized Governance
    No central authority can alter platform rules, land ownership, or economic parameters due to Ethereum smart contract enforcement.

  3. Creator Monetization
    Users earn MANA through:

  4. Virtual real estate development
  5. Hosting paid events
  6. Selling digital goods/services
  7. Content creation partnerships

MANA Token Utility

The ERC-20 MANA token serves multiple functions:

Use Case Description
Land Acquisition Primary currency for purchasing LAND NFTs
Platform Transactions Pays for avatar wearables, names, and services
Governance Voting on platform upgrades via DAO
Staking Earn rewards by locking MANA in smart contracts

👉 Track real-time MANA price movements

Historical Milestones

  • 2017 Whitepaper: Founders Ari Meilich and Esteban Ordano outlined the vision for a user-owned metaverse
  • 2017 ICO: Raised $35M during the initial MANA token sale
  • 2020 Beta Launch: Public access to the virtual world commenced
  • 2021 DAO Transition: Decentralized Autonomous Organization took over platform governance

Decentraland’s Technical Architecture

The platform operates through three layered components:

  1. Consensus Layer
    Tracks land ownership via Ethereum smart contracts

  2. Land Content Layer
    Uses IPFS to distribute 3D environments and assets

  3. Real-Time Layer
    Enables user interactions through P2P connections

Key Advantages:
– Permanent asset ownership records
– Censorship-resistant content hosting
– Interoperable digital asset standards

Frequently Asked Questions

How do I buy Decentraland (MANA)?

MANA is available on major exchanges like OKX, Binance, and Coinbase. Purchase ETH first, then exchange it for MANA tokens.

What determines MANA’s price?

Market demand, virtual land sales volume, platform adoption rates, and broader cryptocurrency trends all influence MANA valuation.

Can I earn passive income with MANA?

Yes, through:
– Lending MANA on DeFi platforms
– Staking in governance proposals
– Renting out virtual land parcels

Is Decentraland compatible with VR headsets?

The platform supports Oculus Rift, HTC Vive, and other PC-connected VR devices through its desktop client.

How does Decentraland differ from traditional games?

Unlike centralized platforms, Decentraland:
– Grants verifiable asset ownership
– Allows real economic participation
– Enables user-governed rulemaking

What’s the total supply of MANA tokens?

The capped supply is 2.19 billion MANA, with circulating supply adjusted through token burns.

Market Analysis Section (Expanded for Depth)

Recent trends show growing institutional interest in virtual real estate, with major brands acquiring Decentraland parcels for:
– Virtual storefronts (2023 saw 47% YOY increase)
– Interactive marketing experiences
– NFT gallery spaces
– Corporate meeting venues

👉 Analyze MANA’s price charts

Price Influencers:
1. Platform Development Updates
2. Metaverse Adoption Metrics
3. Ethereum Network Conditions
4. Regulatory Developments
5. Virtual Land Auction Volume

More posts