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Decentraland

MANA

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About Decentraland

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.

Decentraland, represented by the cryptocurrency token MANA, is a virtual reality platform built on the Ethereum blockchain. It allows users to create, experience, and generate value from content and applications within a virtual world. In Decentraland, users can acquire plots of land, known as LAND, which they can navigate, build upon, and generate value from. This virtual world is entirely owned by its users, making it a truly decentralized platform. Decentraland uses two tokens: MANA, an ERC-20 token, and LAND, a non-fungible ERC-721 token. MANA tokens are used to acquire LAND tokens and can also be used to acquire a range of avatars, wearables, names, and more on the Decentraland marketplace.

Decentraland operates on a three-layered protocol built on Ethereum smart contracts. The consensus layer tracks and manages the ownership of LAND. The land content layer displays the content of the Decentraland virtual world. Lastly, the real-time layer allows participants to interact with each other. Users can explore the virtual world, acquire plots of land, create works of art, own non-fungible tokens (NFTs), and participate in the platform's decentralized autonomous organization, DecentralandDAO. The platform's two tokens, MANA and LAND, govern operations within Decentraland. MANA is the official currency of Decentraland, used to acquire LAND and in-game items. LAND, on the other hand, is a non-fungible token used to track ownership of digital real estate.

Decentraland offers a wide range of potential use cases. It provides a platform for content creators, businesses, and individuals looking for a new artistic medium, business opportunity, or source of entertainment. Users can generate value from their LAND through leasing, advertising, and paid experiences. They can also receive compensation by creating and exchanging items on the Decentraland marketplace for MANA tokens. The platform can host applications, games, and interactive 3D scenes. It also allows for the creation and distribution of rare digital assets, such as collectibles, virtual equipment, and real estate (LAND). Furthermore, Decentraland can serve as a gathering space for online communities, offering a unique social experience.

Decentraland was co-founded by Ariel Meilich and Esteban Ordano in 2015 and officially launched in 2020. The platform was initially a proof of concept for allocating ownership of digital real estate to users on a blockchain. It evolved from a 2D experiment into a full-fledged 3D world. Decentraland was launched following a token offering conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes, and a variety of other interactive experiences.

Market

Market stats

Market cap

$620.6M

Volume (24h)

$28.8M

Circulating supply

1.9B MANA

Typical hold time

82 days

Popularity

#103

All time high

$5.91

Market performance

Price change (1h)

-1.1%

Price change (1d)

-3.31%

Price change (1w)

-16.09%

Price change (2w)

-22.35%

Price change (1m)

-25.89%

Price change (1y)

-17.47%

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Social

Some highlights about Decentraland on social media

968 unique individuals are talking about Decentraland and it is ranked #197 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Decentraland has an average sentiment score of 3.1 out of 5. Finally, Decentraland is becoming more newsworthy, with 0 news articles published about Decentraland. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Decentraland. There were 6.82% of tweets with bullish sentiment compared to 9.74% of tweets with a bearish sentiment about Decentraland. 83.44% of tweets were neutral about Decentraland. These sentiments are based on 308 tweets.

On Reddit, Decentraland was mentioned in 358 Reddit posts and there were 637 comments about Decentraland. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

968 people

Posts

255 posts

Dominance

0.08%

Volume rank

#197

Average Sentiment

3.1 out of 5

Twitter

Reddit

Posts

358

Comments

637

Post Score

913

Comment Score

940

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Decentraland is on the decline this week.

The price of Decentraland has decreased by 1.10% in the last hour and decreased by 3.31% in the past 24 hours. Decentraland’s price has also fallen by 16.09% in the past week. The current price is $0.32 per MANA with a 24-hour trading volume of $28.83M. Currently, Decentraland is valued at 94.53% below its all time high of $5.91. This all-time high was the highest price paid for Decentraland since its launch.

The current circulating supply of Decentraland is 1,908,319,865.392 MANA which means that Decentraland has as total market cap of 1,908,319,865.392.

FAQ

What is the current price of Decentraland?

We update our Decentraland to USD currency in real-time. Get the live price of Decentraland on Coinbase.

What is the market cap of Decentraland?

The current market cap of Decentraland is $620.62M. 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 $5.91. 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 $28.83M.

What other assets are similar to Decentraland?

Assets that have a similar market cap to Decentraland include BitTorrent [New], Dymension, SATS, and many others. To see a full list, see our comparable market cap assets.

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 82 days.

What is the relative popularity of Decentraland?

Decentraland ranks 26 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Decentraland?

Currently, 97% of Coinbase users are buying Decentraland. In other words, 97% of Coinbase customers have increased their net position in Decentraland over the past 24 hours through trading.

Can I buy Decentraland on Coinbase?

Yes, Decentraland is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Decentraland guide.