Decetraland (MANA) is a service offered by the blockchain of Ethereum that allows the use of virtual reality to operate.
Therefore, we are facing a novel way of understanding the world
of cryptocurrencies through Ethereum. Its system is similar to virtual games of
interaction between users.
In this way, user communities are created that can grow and
become increasingly complex. For example, there are world events and even
markets in which they are exchanged goods and services using the MANA cryptocurrency
as money.
Decetraland (MANA) and the virtual world
Virtuality has allowed, with the use of technology, to interact
with people far away. This idea led Ariel Meilich and Esteban Ordano to found
this project in 2017. Over time, they left it, remaining as advisors to
Decetraland (MANA).
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The project is managed by Decentraland DAO, which also has many
cryptocurrencies on deposit to promote development initiatives and operations.
Thus, users who own MANA can vote on the options offered and subsidized.
Features of Decetraland (MANA)
Let's see some of its most relevant features.
- First of all, it's an innovative
virtual reality system that allows users to interact more directly.
- The system allows the community
to expand due to the possibility of performing actions similar to those in
real life, such as creating markets to exchange products with virtual
money.
- Has a black and white list of NFT
contracts or Non-Fungible Token. That is, a type of contract in which we
cannot exchange its content for a similar one, making them unique, like a
work of art but virtual. This increases their security.
- MANA owners control the virtual
world since they can vote on options, propose changes, and take advantage
of the decentralization that characterizes it.
- It has a system of virtual plots
that are operated similarly to the real estate market.
MANA, your cryptocurrency
The virtual currency is MANA and in an ERC-20 token. In other words, we are
dealing with an intelligent contract with a pre-established data structure. In
this way, the work of developers and the implementation of functionalities are
facilitated.
In short, we find a cryptocurrency that is used as virtual money in Decetraland
(MANA). Thus, it fulfills two premises of this, exchange and accumulation. We
can buy and sell in the virtual markets created by the community.
On the other hand, like any cryptocurrency, it can accumulate
until we decide whether to exchange it for goods and services in the future.
We are facing an innovative idea in a virtual world in which it
seems that everything has been invented.
Interesting economic data from Decetraland (MANA)
To finish, let's look at some interesting economic data.
- The cryptocurrency reached its
maximum price (at the time of writing the article) of quotation of the
historical series in April 2021, reaching 1.19 dollars (USD).
- One of his projects, the Tominoya
Casino, had a profit of more than one million dollars (USD) at the
beginning of 2021 and had to hire 20 additional people to his normal
staff.
- Atari offered, in March 2021, a
license to operate one of its casinos for two years.
- In April, a parcel of LAND was
sold for more than 500 thousand dollars (USD).
- As of April 2021, it was ranked
69th in market capitalization and had a capitalization of just over 2.19
million dollars (USD).
- Its initial coin offering (ICOs)
was one of the fastest in cryptocurrency history, lasting just 35 seconds.
- In January 2021, Aetheria was created
with a cyberpunk theme and the Decetraland (MANA) community with the
largest number of users.
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