What Is Decentraland MANA Coin

What Is Decentraland Crypto? Where Can You Use MANA Coin? Is MANA Decentraland a Good Investment? Decentraland Metaverse

By StealthEX | StealthEX Blog | 13 May 2022


Decentraland is a whole virtual world designed on blockchain. The project was launched in 2017 by Ari Meilich and Esteban Ordano. Running on the Ethereum blockchain, this 3D virtual world platform includes customizable activities, art, and land. 

The platform is true to the most important principle of decentralization, hence, the name - Decentraland. Its users can control the rules of the online world by voting on governance proposals. In order to do that, you have to be an owner of the platform's native cryptocurrency token, MANA. Decentraland is a free virtual platform and it attracts users seeking a more interactive crypto experience.

Decentraland Features: Where Can You Use MANA Coin?

In Decentraland’s virtual world, users can buy and sell real estate while playing games and interacting with other MANA holders. The platform uses non-fungible tokens — or unique, non-interchangeable units of data stored on a blockchain — and these NFTs represent Decentraland’s 90,000 plots of land. The platform’s MANA coin is the cryptocurrency that’s used to buy virtual goods and services, while LAND is an NFT token that defines ownership of land parcels that represent digital real estate.

Decentraland Metaverse

Is Decentraland a metaverse? The metaverse is essentially augmented reality where users live within a digital universe. Decentraland is the first-ever blockchain-powered place in the metaverse, which was launched in February 2020. Users can enter with a crypto wallet if they want to transact inside.

Some of the popular brands have already entered Decentraland’s metaverse. For instance, Millennium Hotels and Resorts, a hospitality brand from Singapore, said that it is launching a hotel in Decentraland, a virtual world where players can build, buy and sell in-game assets as they interact with others. Visitors will be able to interact with an avatar which guides them through the building. Moreover, they will be able to actually win very real prizes.

How to Buy Land in Decentraland?

All you need to do to buy land on the platform is to sign up to the Decentraland Marketplace with your digital wallet.

Once signed in, you should select the Land tab. Once you click on it, you will be redirected to land plots. The marketplace allows you to view the individual parcels for sale, or the entire map of Decentraland. Use both tools to find a piece of land that you need. Once you have selected it, it is now time to make an offer or buy it at the price that it is currently listed on. Click on the Buy or Bid button and confirm your purchase. Now all you have to do is wait until the transaction is complete. It can take a few seconds or a few minutes before it’s processed.

After you confirm your purchase, your Land NFT should appear in your wallet. That’s it - you have officially acquired a plot of land in the MANA coin metaverse!

Decentraland Price: Mana Coin Price Prediction

Decentraland has been rapidly developing. With new brands investing into the project and more people wanting to be part of it, MANA coin price grows.

MANA crypto price predictions vary. PricePrediction claims that in 2025 its minimum price can reach $10.75, while it can rise as high as $12.05.

Another source, WalletInvestor suggests that MANA will be worth $3.645 in a year’s time and around $12.992 in five years.

At the moment MANA costs 1.0447 USD, which is quite low if compared to whatever the crypto analytics envision for this token.

Is MANA Decentraland a Good Investment?

MANA coin is one of the top tokens when it comes to market capitalization. In the past year its returns exceeded 5,000%. It’s become super popular thanks to luxury brands entering the metaverse via NFTs. Brands such as Estée Lauder, Tommy Hilfiger, Dolce & Gabbana and many more showcased their NFT collections in the blockchain-based virtual world.

So is MANA coin a good investment? It might be. However, cryptocurrencies can be highly volatile and MANA crypto price can drop drastically just as easily as it can skyrocket. You need to do your own research and never invest more than you can afford to lose.

Decentraland: Summary 

Decentraland’s MANA coin is a promising platform that acquired a lot of attention. With 1.84 billion MANA in circulation out of a total supply of 2.19 billion Decentraland coins, it provides both an opportunity for investment, and entertainment.

Where to Buy MANA Crypto?

If you are looking for a place to buy MANA tokens, StealthEX is here to help you. It’s a super-friendly, non-custodial and limitless cryptocurrency exchange platform that lets its users from anywhere in the world do instant crypto swaps.

How to Buy MANA Coin?

If you already have savings in crypto that you want to convert into another token, just go to StealthEX and follow these simple steps:

  1. Choose the pair and the amount for your exchange. For instance, BTC to MANA.
  2. Provide the recipient address to which the coins will be transferred.
  3. Move your cryptocurrency for the exchange.
  4. Receive your MANA coins.

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Please make sure to always research any cryptocurrency and assess your risks before investing in digital assets.

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