Mana Coin Price PredictionMana Coin It is among the crypto coins traded on stock exchanges. Mana Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
With the move of Facebook recently, the field where we experience the concept of “metaverse”, which is on everyone’s lips, is the field where we experience the most easily. In fact, games created on a decentralized infrastructure with blockchain technology.
Because you can literally have all the features and materials you have in these games. You can buy new outfits for your avatar, store them in your crypto wallet, or sell them on marketplaces. It is also the first virtual reality platform to be decentralized and built on the Ethereum blockchain. A universe where you can buy lands, create your own area on these lands, create your avatar for free, participate in different activities or games and win prizes.
Everything you own and sell in this universe is actually in ERC721 standard, that is, Ethereum one NFT in its network.
Although some of what was written in the technical document has changed since then, the goal of being a decentralized virtual universe platform has not changed. The team, which made serious developments towards this goal, also held joint activities with many crypto projects, including MetaMask. A avatar with a Metamask hat in Decentraland
Decentraland today and tomorrow
Beta in 2017 The platform became available to the public on February 20, 2020. In 2021, it became the focal point with both the rise of NFTs and the spread of the metaverse concept. It also showed itself in trading volumes. The famous auction house Sotheby’s opened its first virtual gallery on Decentraland in June 2021.
Exhibitions, games, festivals took place on the virtual universe and similar events still take place.
You can develop them for your own avatar or sell them on the platform’s marketplace.
Decentraland has a DAO (Decentralized Autonomous Organization) mechanism. This means “Decentralized Autonomous Organization” and systemic changes are made based on community votes. There is no central decision maker and the collective decisions of the community are important. MANA token holders control where the world of Decentraland is heading by recommending and voting on policy updates, features of upcoming LAND (land) auctions, and content types allowed on the platform.
LAND map ie lands in Decentraland
Shopping on Decentraland takes place via MANA. So this universe has a token called MANA based on the Ethereum main chain. When buying and selling a product, payment is made with MANA.
Many people want to learn about this subject with the question ” a MANA coin?”
As it is known, the coin is called crypto assets that have their own independent blockchain. The token differs in this respect in that it is already created on an existing blockchain. MANA is also a token created on the Ethereum blockchain, not on its own blockchain. Therefore, “MANA token” is a more accurate expression than “MANA coin”.[/vc_column_text][vc_message message_box_color=”white” icon_fontawesome=”fas fa-audio-description”]
How to buy and store MANA
You can buy MANA from centralized or decentralized exchange that supports Ethereum blockchain (ERC20 standard). You can also store it in crypto wallets that support the Ethereum blockchain, or on the platform you purchased.
Global cryptocurrency exchange Phemex, with a daily transaction volume of over $6 billion, also lists MANA. With a simple interface and secure infrastructure, you can buy and sell MANA against USDT on Phemex. What’s more, signing up for Phemex now comes with a welcome bonus of up to $100.
Considering that the future of virtual universes is bright in the long term and there is a lot of investment in this area, the future looks bright for Decentraland if the developments continue. MANA price chart, 13 November 2021