Buy Decentraland (MANA)
What is Decentraland?
Decentraland is an Ethereum-based virtual reality platform that allows users to create, experience, and monetize content and applications. It operates as a 3D virtual world where users can buy, develop, and trade virtual land and assets using its native cryptocurrency, MANA, and non-fungible LAND tokens.
How does Decentraland work?
Decentraland functions on the Ethereum blockchain, utilizing both ERC-20 (MANA) and ERC-721 (LAND) tokens. Its architecture comprises three layers: the consensus layer that tracks land ownership, the land content layer for asset delivery, and the real-time layer for user interactions. Users connect through avatars, engaging in a variety of activities from social interactions to creating digital experiences.
What are the potential use cases for Decentraland?
The potential use cases for Decentraland include:
- Advertising and Brand Development: Offers billboard-based NFT advertising and ambient advertising opportunities.
- NFTs and Collectibles: Platform for buying, selling, and displaying NFT art and digital collectibles.
- Governance: Uses MANA for decentralized decision-making on the platform's development.
- Virtual Social Interactions: Hosts events and fosters social engagement among users.
- Economy and Commerce: Supports a virtual economy where users trade digital assets using MANA.
- Real-World Integration: Utilizes real-world data and services for enhanced virtual experiences.
What is the history of Decentraland?
Decentraland was established in 2017 by Esteban Ordano and Ariel Meilich. Its development began with a simple 2D grid representation known as the Stone Age. Key milestones include a successful ICO in 2017, the launch of a land marketplace in 2018, and the introduction of districts and governance models. Decentraland has evolved technologically, leveraging smart contracts and exploring scalability solutions like integration with the Polygon network to enhance user experience and functionality. It has established partnerships with entities like Atari and Chainlink to broaden its platform's scope.
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Learn More About Decentraland
Frequently Asked Questions (FAQs)
What is the current price of Decentraland (MANA)?
The Decentraland price is $0.43819019 AUD, representing a +5.51% from the day prior.
Where is the best place to buy Decentraland (MANA) in Australia?
The best place to buy Decentraland (MANA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Decentraland (MANA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Decentraland (MANA)?
The trading volume of Decentraland (MANA) is $75.8M AUD in the last 24hrs, representing a +5.51% from the day prior.
How can I buy Decentraland (MANA)?
Decentraland (MANA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Decentraland (MANA)?
The current market cap of Decentraland (MANA) is $799.7M AUD.
Can I convert Decentraland (MANA) to cash?
Yes - With Coinstash you can convert your Decentraland (MANA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Decentraland (MANA) are there?
The current circulating supply of Decentraland (MANA) is 1.9B.
Is Coinstash a safe place to buy Decentraland (MANA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Decentraland (MANA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.