Presentation and definition of the crypto-currency Decentraland (MANA)

Presentation and definition of the crypto-currency Decentraland (MANA)

  • Name of the crypto-currency : Decentraland
  • Abbreviation : MANA
  • Where to buy MANA? Binance
  • Creation Date : September 2017
  • White paper of Decentraland
  • Web Site Decentraland

The virtual reality platform

Decentraland is a virtual reality platform that works on the blockchain Ethereum. Users can create, test and monetize applications and content. The platform is totally managed by the users. All applications built on the network Decentraland belong exclusively to their creators. The team Decentraland has no right over it.

The operation of Decentraland

Decentraland has the objective of creating a virtual world, like Second Life, working without any centralized organization. Users have access to a 3D world and interactive where they can buy the land (LAND). The ownership of land is registered in a large virtual registry stored on the blockchain, and transactions are formalized via smart object. The field “LAND” corresponds to an active digital. Decentraland offers a true immersion experience through headphones in 3D that allows to evolve in the virtual world and interact with other users. Decentraland is also accessible via a web browser.

The MANA

The platform Decentraland uses its own crypto-currency, tokens, MANA. These are tokens ERC20. The MANA used to acquire “lands” or making any type of purchase of goods or services in the Decentraland. A “land” has an area of 100 square meters. You can buy a land, sell it and rent it out at will. At the launch of its ICO in August 2017, the project Decentraland has managed to raise $ 24 million in only 30 seconds.