Yugocean
Valued Contributor
Decentraland is a part of metaverse world that is a virtual market system, it is like Play To Earn platform.
Decentraland is powered by the Ethereum blockchain, it was founded by Ariel Meilich and Esteban Ordano in the year 2017 with an ICO of $24 million. The closed beta of was launched in 2019 and was opened in February 2020.
It is a virtual reality platform in which users buy and navigate the LAND of the virtual world, create multiple interactive experiences on it, monetizing the content and applications.
Decentraland uses two tokens: MANA (ERC-20) and LAND (NFT ERC-721). The MANA token is used to make payments on the Decentraland Marketplace. The MANA has to be burned to receive the LAND.
MANA can be bought and sold on exchange platforms like normal cryptocurrencies, but being based on the Ether blockchain, its transfer is very expensive, so users are advised not to use MANA for transaction.
Decentraland is powered by the Ethereum blockchain, it was founded by Ariel Meilich and Esteban Ordano in the year 2017 with an ICO of $24 million. The closed beta of was launched in 2019 and was opened in February 2020.
It is a virtual reality platform in which users buy and navigate the LAND of the virtual world, create multiple interactive experiences on it, monetizing the content and applications.
Decentraland uses two tokens: MANA (ERC-20) and LAND (NFT ERC-721). The MANA token is used to make payments on the Decentraland Marketplace. The MANA has to be burned to receive the LAND.
MANA can be bought and sold on exchange platforms like normal cryptocurrencies, but being based on the Ether blockchain, its transfer is very expensive, so users are advised not to use MANA for transaction.
