Decentraland (MANA) - Virtual Reality Cryptocurrency

Virtual currency to pay for entertainment in the virtual world? Sounds like fun and not much else, but Decentraland (MANA) it is thoughtful and extensive blockchain projectwhich makes the cryptocurrency based on it already worth more than $ 2,2 billion. What and who is behind this success?

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Decentraland (MANA), i.e. digital money that allows for original entertainment in the digital world. 

How Decentraland (MANA) works

Decentraland is a platform virtual reality (VR), which was created on the basis of blockchain Ethereum. You can invest in virtual land in it. We pay with MANA tokens for its property and we can use all the benefits of 3D technology in an ordinary web browser or VR using a special set.

And it must be admitted that there is a lot of possibilities. After purchasing the land, we can create literally anything we dream of. Everyone chooses and decides for himself - he does not have to worry about zoning plans, licenses and permits. Simply put: you are the owner and you figure out what you are going to create. 

So what do players come up with? The world of Decentraland is very diverse and surprising. There are, among others casinos where you can win (or lose) a fortune, concerts of the biggest stars of the stage (including those already deceased), giant shopping malls with shops of all brands, race tracks with a huge selection of sports cars, underwater hotels, stadiums with live matches, among which there are the NBA basketball finals or the Champions League soccer finals and much, much more. All in a 360-degree virtual world. Of course, you can pay for everything with MANA tokens.

Development and design team of Decentraland

In the first phase of the project, the ground was flat, and just watching it did not evoke much emotions. In the next, it was transformed into 3D models and you could buy it for cryptocurrency and combine individual plots. This took place in the fourth quarter of 2017, and a few months later, avatars appeared that allowed individual users to communicate. Today you can literally look as you like, combining the features of the appearance of movie stars, and even ... your favorite animals. After connecting with virtual reality, we have obtained a world that can be easily seduced, because it is an ideal world - just as everyone dreams of it. 

The experienced Decentraland design team watches over everything. It consists not only of blockchain experts, Of also virtual reality specialists. The whole thing is brought together by Ari Meilich and Esteban Ordano, founders of Streamium and Bitcore, from the University of Buenos Aires. The team also includes Xiaolai Li (founder of INBlockchain), Jake Brukhman (founder of CoinFund), Luis Cuende (project manager of Aragon) and many other established names in the blockchain world.

Cryptocurrency Quote Decentraland (MANA)

Currently, 1 of the target 484 MANA units are in circulation. They can be traded at 088 Cryptocurrency exchanges from around the world. As of May 07, 2021, each of the tokens is valued at USD 1,52, which will translate into a capitalization of more than USD 2,2 billion. The peak of trading took place on April 17, 2021, when MANA tokens were valued at $ 1,68. In the last 12 months they went up by 4031,99%.