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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Decentraland is on the decline this week.
The price of Decentraland has fallen by 2.07% in the past 7 days. The price declined by 0.10% in the last 24 hours. In just the past hour, the price shrunk by 0.10%. The current price is $0.6955 per MANA. Decentraland is 88.21% below the all time high of $5.90.
The current circulating supply is 1,855,084,191.78 MANA.
Decentraland (MANA) is an Ethereum token that powers the Decentraland virtual reality platform. MANA can be used to pay for virtual plots of land in Decentraland as well as in-world goods and services.
What Is Decentraland (MANA)?
is a 3D virtual reality platform where users can create and monetize content and applications. Decentraland is based on the and aims to establish a network owned by its users and provides an immersive experience. The platform is a shared metaverse where users can purchase virtual plots of land. A is a shared virtual world where users can socialize, interact, learn, and play. In simpler words, Decentraland is a decentralized world where users can explore LAND owned by users, experience scenes and structures, trade virtual assets, and connect.
Today, as people spend more time in virtual worlds for work and leisure, the big centralized organizations manage the network rules and content flow. The creators and developers, in return, are paid very little. To solve this, Decentraland provides a decentralized infrastructure where users can gather, share content, and play games and also where the creators can derive the full value of their efforts. On the platform, advertisers can display their brands, artists can set up virtual galleries for their digital art, and much more.
In Decentraland, the space that a user interacts with is known as LAND. According to the , LAND is a finite and transferable 3D virtual space that is a that users can purchase and is permanently owned by them. The LAND owners can choose to do whatever they like on their portion of LAND, like creating dynamic scenes, applications, and games. As per the , each plot of LAND is an token and is of size 52 feet by 52 feet (16 meters by 16 meters). The total number of plots is capped at 90,601 and can be bought using MANA tokens.
MANA is the in-game currency of Decentraland and also serves as the platform's . MANA is an token that lets users purchase or trade LAND and pay for goods and services in the virtual world. The token can be used to purchase estates, avatars, wearables, and unique names through the Decentraland Marketplace. Decentraland offers a comprehensive marketplace that is the go-to place to trade and manage all the on-chain assets.
Talking about the game play, every user needs to create an avatar to enter into the virtual world. Avatars can be personalized; users can change body type, shoes, accessories, and much more. There are many things to do in the virtual world, like interacting with other players, visiting casino districts, listening to music, enjoying parties with other players, or just roaming. Creators have built Decentraland with the help of scenes that are displayed one next to another. A scene here is an experience and is a little world in itself where the players can walk from one scene to the other.
As per the whitepaper, the Decentraland protocol is based on a three-layered architecture:
Land Content Layer: This uses a decentralized distribution system to download the assets.
Real-Time Layer: This provides peer-to-peer connections between the users to interact.
History of Decentraland (MANA)
Meanwhile, Esteban Ordano was formerly working as a software engineer at BitPay and was also an advisor to Matic Network.
Although the whitepaper for Decentraland got released in 2017, the project started developing in June 2015. The project launched the closed beta version of the world in 2019 and opened it to the public in February 2020.
How Are New MANA Tokens Created?
The Decentraland block can be by using ASIC mining rigs. As Decentraland is built on Ethereum, it uses the consensus mechanism. The transactions in this mechanism are made on the network and are mined by one of the nodes. All the transactions that occur cost a fee known as “gas,” which is paid to the network user that mines the transaction.
Furthermore, uses an off-chain voting system for the community. This allows MANA and LAND token holders to participate in the governance and create a proposal. With this, members can vote to make changes to the members and smart contracts on which the entire system is built.
How Many MANA Tokens Are There?
There is a total supply of 2.19 billion MANA tokens.
How to Purchase MANA Tokens?
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
Decentraland on social media.
Decentraland was mentioned in 7,236 out of 1,883,558 social media posts on Twitter and Reddit on Sep 27, 2022. 5,242 unique individuals are talking about Decentraland and it is ranked #29 in most mentions and activity from collected posts.
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What is the current price of Decentraland?
The price of 1 Decentraland currently costs $0.70.
What is the market cap of Decentraland?
The current market cap of Decentraland is $1.29B. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Decentraland?
The all-time high of Decentraland is $5.90. This all-time high is highest price paid for Decentraland since it was launched.
What is the 24 hour trading volume of Decentraland?
Over the last 24 hours, the trading volume of Decentraland is $106.76M.
What other assets are similar to Decentraland?
How many Decentraland are there?
The current circulating supply of Decentraland is 1.9 billion.
What is the typical holding time of Decentraland?
The median time that Coinbase customers hold Decentraland before selling it or sending it to another account or address is 76 days.
What is the relative popularity of Decentraland?
Decentraland ranks 14 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Decentraland?
Currently, 90% of Coinbase users are buying Decentraland. In other words, 90% of Coinbase customers have increased their net position in Decentraland over the past 24 hours through trading.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.