Decentraland is a 3D virtual world built on Ethereum. A virtual space where users can play games, buy lands, and indulge in various activities. In order to buy anything in Decentraland, MANA cryptocurrency is used. This was a beginner's introduction, let's check out details about what is MANA crypto, LAND and Decentraland.
Decentraland is a software looked after by Ethereum. It is a 3D virtual land where users can play, earn, develop and build anything they want. We can explore the work and land done by other users. Can many users access Decentraland at same time? Yes. Virtual world is a common space which is accessible by every user. There exists a high probability that you come across with your friend in the virtual world.
People have started buying Land and plots in the virtual world. We can see plazas and buildings growing in Decentraland. Boba Building is a tower in Decentraland. It is an interesting option and worth seeing. Users can enjoy activities like casinos, galleries and art. Visitors take advantage of this free-to-play space.
What is MANA?
AXE is an in-game token of Axie Infinity. Players who want to buy any item inside a game such as potions, kitties and breeds they need a token. AXS is the currency used inside Axie Infinity. Similarly, in Decentraland we can buy anything through MANA. To buy a plot, avatar, or play some game, users need to have a stock of MANA crypto in their wallet.
Can we wander around Decentraland without currency? Yes. Unlike a centralized world, Decentraland allows users to wander around the land without currency. But for buying any asset you need MANA.
MANA prices are rising on scale. Currently, we have seen a rise of 24% in currency. Present rate of MANA is $3.47.
What is LAND?
As mentioned above, users can buy their own land in the virtual world of Decentraland. But questions arise, how can we own a land? To get an answer to this question you need to understand about LAND tokens.
Decentraland is a large but finite space. Developers have divided the space into small parcels. Each parcel is spread over an area of 16m by 16m. It is the minimum limit of land you can own in the virtual world. Collection of such small parcels form a big district. It's like building a house with a collection of small bricks. In Decentraland, these parcels are represented in the form of x and y coordinates. Whereas on Ethereum blockchain they exist as LAND. LAND is an ERC721 token which is an NFT. LAND is a non-fungible token which promises single ownership. It is unique and cannot be generated the same several times. It looks after a particular piece of land belonging to one single owner.
Decetraland is under the administration of the community. Any change in the virtual world is applied with the consent of all members. In this way it is more flexible than centralized land. DAO is an autonomous organization which owns Decentraland.
People have started investing Decentraland real estate. You can find available plots on virtual world property software. Like real world property, price sof locations near is higher than plots who are far away.
Hence after knowing so much about what is MANA crypto, you can make your own property on Decentraland. It is the future of humanity.