MANA's Decentraland Metaverse Game Is Worth Millions

Rancakmedia.com – Millions of currency Metaverse Decentraland MANA, a Metaverse sandbox game. Think of Mark Zuckerberg's “new version of the Internet” announcement as the start of the metaverse.

When you find out about the Metaverse ecosystem and the growing Metaverse coin, you might be surprised.

One of them is Decentraland which leverages the metaverse coin (MANA) to identify itself as a virtual reality platform still funded by the Ethereum blockchain that allows users to create, enjoy and monetize content and application.

In recent days, a parcel of “land” was sold for €2.1 million on the online social world Decentraland, erasing the previous sales record of €810,000 in June.

Real-world users can log into Decentraland, create avatars, buy homes, shop for wearables, and go to events.

DeadMau5 and Paris Hilton both performed at a virtual music festival sponsored by the platform.

The government of Barbados recently struck a deal to set up the world's first digital embassy in January next year, demonstrating that cyberspace is also receiving institutional attention.

Decentraland, which originally opened to the public in February 2020, is built on the Ethereum blockchain and claims to be the first fully decentralized virtual world.

Decentraland is owned by its users, who can run it however they want according to Dave Carr's vision.

Communications For Mana's Decentraland Metaverse Platform

NFTs are used to verify virtual property ownership in this world and MANA metaverse coins are used for all transactions. The metaverse coin value started going up in 2021, but increased after the Meta announcement.

At the time of writing, this metaverse coin is trading at IDR 67,690.63 IDR with a 24-hour trading volume of IDR 31,797,990,859,375.

But now it seems that Decentraland is witnessing a price drop. Decentraland is down 7.08 in the last 24 hours.

The MANA metaverse coin now has a market capitalization of IDR 123,509,195,541,279, according to CoinMarketCap. There is an circulating supply of 1,824,612,835 MANA coins and the max. supply not provided.

According to Carr, there are two ways to get involved in the world of Decentraland: You can either hold a MANA metaverse coin or become a landowner.

Decentraland's “open metaverse” status may be in jeopardy, however, as MANA values fluctuate and virtual land becomes too expensive for most users and early-bird investors.

The Decentraland marketplace is “still an option” for content producers to enter and contribute to virtual plots of land or to sell their own wearables.

It's safe to assume that the virtual version and service of Facebook's metaverse won't be decentralized, given the popularity of the social media platform.

Renting virtual land in Decentraland may one day become a possibility for individuals with values outside of the digital property market, provided they have the metaverse currency to do so.