Decentraland (Wormhole) Price MANA

Decentraland is a decentralized 3D virtual reality platform based on Ethereum blockchain; It was opened to the public in February 2020 and supervised by the non-profit Decentraland Foundation.

Decentraland was founded by Argentine Ari Meilich ICH and Esteban Ordano. It raised $26 million during the initial coin offering (ICO) in 2017.

How does Decentraland (MANA) Work?

Decentraland is not controlled by a centralized organization, so it is named Decentraland, which may be the suitcase of a "decentralized land". In this virtual world, landowners can publish any content or application at will - leaving the platform uncensored.

In addition, content creators can profit by placing advertisements or directly selling their creations.

The land parcel in Decentraland is represented by LAND token, which is a non-fungible ERC-721 token and can be obtained in the primary market using MANA token.

MANA is the cryptocurrency of games and a fungible ERC-20 token. When Decentraland was first released in 2017, approximately 260 million MANA tokens were cast. However, during LAND primary market sales, MANA tokens were burnt when exchanged with LAND. Currently, the MANA in active circulation is 169 million.

In the secondary market, LAND can be traded in peer-to-peer transactions using MANA. In this case, MANA will not be burnt. After purchase, the digital identity of the new owner will be registered on the Ethereum blockchain as the legal owner of the specific part of LAND.

What is Decentraland (MANA)?

Decentraland is a decentralized virtual reality platform driven by Ethereum blockchain. Within the Decentraland platform, users can create, experience and benefit from their content and applications.

The limited and traversable 3D virtual space in Decentraland is called land, which is a non-fungible digital asset maintained in the Ethereum smart contract. The LAND is divided into parcels identified by Cartesian coordinates (x, y). These plots are permanently owned by community members and purchased using Decentraland's cryptocurrency token MANA. This gives users complete control over the environments and applications they create, ranging from static 3D scenes to more interactive applications or games.

Some plots are further organized into thematic communities or areas. By organizing parcels into areas, communities can create shared spaces with common interests and uses. You can find a list of original regional proposals on GitHub. The content that constitutes Decentraland is stored and distributed through a decentralized network, and the ownership and transaction are verified on the Ethereum blockchain.

Decentraland (MANA) Crypto Wallet

In addition to placing MANA in the Gate.io exchange to facilitate trading, MANA can also be placed in a crypto wallet.

Decentraland is a decentralized public platform controlled by the community. MANA is the platform's native token. Decentraland is an ERC20 token running on the Ethereum blockchain, which can be stored in wallets of various hardware and software. We will introduce some MANA wallets highly recommended by traders and investors.

One of the best places to store Decentraland (MANA) is in a crypto hardware wallet made by Ledger or Trezor. A hardware wallet uses extremely high-end encryption technology to protect your funds from complex network attacks and even simple phishing scams that users may encounter when they deposit their funds in software or website wallets. Hardware wallets even allow users to recover money through mnemonic phrases to prevent the wallet from being stolen, damaged or otherwise damaged.

Trust Wallet is one of the most popular wallets among traders and investors. It is a good place to store Decentraland (MANA). If you are just starting to use cryptocurrency, or just want to store your MANA on a secure device, mobile wallets may be appropriate because they provide convenience, security and backup options.

Decentraland (MANA) can be stored in Atomic Wallet, which is a wallet that supports Android, IOS and multiple desktop versions. Atomic Wallet supports more than 300 cryptocurrencies, including MANA and all other ERC20 and BEP2 tokens. Atomic Wallet also provides Atomic Swaps and a built-in Exchange, which users can use to exchange back and forth among all supported assets, including Decentraland.

You can also store Decentraland (MANA) in one of the most trusted and proven wallets: MyEtherWallet. All ERC20 tokens including Decentraland (MANA) can be stored on the Ethereum blockchain using MyEtherWallet without downloading any client or software.