Additionally, MANA offers smart contract functionality, unlike bitcoin. Therefore, Decentraland relies on the Ethereum blockchain to maintain network consensus and security, unlike bitcoin, which relies on its own blockchain. As an ERC-20 token, MANA operates within the Ethereum ecosystem and is therefore easily convertible to any other ERC-20 standard token. While the BTC cryptocurrency operates on its own blockchain, Decentraland’s MANA token is built on top of the Ethereum blockchain. How does MANA differ from BTC and other cryptocurrencies?ĭecentraland is different from bitcoin in a significant way. All told, there is a fixed supply of 2.19 billion MANA to ever be created, with about 1.8 billion MANA already circulating. Meanwhile, the Decentraland MANA token is an Ethereum-based ERC-20 token that facilitates transactions of LAND and other digital assets on the platform. For instance, in June 2021, a digital real estate developer launched a shopping district within Decentraland so that its tenants could sell digital products within the metaverse. Prices of LAND started out modest as the platform grew, but as demand skyrocketed in 2020, parcels were selling for more than $100,000 apiece.ĭecentraland has sparked an entirely new digital real estate industry in which investors purchase digital LAND and use it to promote or sell products. By 2017, Decentraland had raised $26 million in funds via an initial coin offering (ICO) and launched its beta product in which LAND sales became active.
#DECENTRALAND ACTIVE USERS SERIAL#
The project was conceived in 2015 by two Argentinians: Ariel Meilich, a serial entrepreneur, and Esteban Ordano, an experienced cryptocurrency engineer. Some users opt to design and build games to live within the Decentraland universe. Members of the Decentraland platform own pieces of LAND and can control everything about their parcel, from its aesthetics to building applications on top of LAND to attract even more users.
NFTs differ from other digital assets in that they are unique and can represent anything from digital land to photos, videos, and more. These LAND tokens are non-fungible tokens (NFT) designed via smart contracts on the Ethereum blockchain. Within Decentraland, users navigate a digital world that is laid out on pieces of LAND.
Examples of popular metaverses today are Fortnite, World of Warcraft, and virtual reality (VR) worlds. (A metaverse is any shared digital space in which users can interact with one another.) Metaverses allow users to create their own digital personas complete with customizable avatars, clothing, households, vehicles, and other accessories. Those investing in Decentraland have already seen positive results, and adding such an investment to a digital IRA is a no-brainer for many long-term investors who foresee even greater adoption of these virtual worlds.ĭecentraland is a blockchain-based metaverse that is controlled and owned completely by its users. Virtual worlds are being developed and occupied at rapid rates, with everyone from investors to gamers salivating at the opportunity to own a piece of digital property in the Metaverse.Īs one of the leading blockchain-based virtual worlds, Decentraland is an entirely new metaverse owned and operated by its users. In today’s digital age, the most valuable form of real estate might be one that can’t even be touched with your hands.
0 kommentar(er)
