The $MANA Mania
Decentraland is a decentralized, Ethereum-based virtual reality platform and also the fastest-growing blockchain-based virtual world. Decentraland is currently at the center of the new trend seen in the Metaverse and has a series of offerings that is causing the Metaverse to be more popular than ever and edging the world closer to a virtual planet powered by the Web 3.
In Decentraland, users can create characters, communicate with other network members, attend concerts, fashion events, and art auctions, and even build mansions on their virtual land. The platform was designed to establish a virtual region containing digital real estate parcels, products, and other customizable assets, all of which can be purchased with MANA, Decentraland’s ERC-20 token. MANA is significant because it enables users to personalize their characters, interact with other users, and explore the Decentraland metaverse. Recently, there has been a surge in the $MANA price, and it seems to occur almost daily.
The concept of a new, all-digital reality is referred to as the metaverse. It’s a self-sustaining environment where characters may mingle, play games, and even earn cryptocurrency. MANA, which has already established itself as a prominent token in the area, is an interesting concept with signals of long-term viability – and profitability.
Decentraland is gaining popularity owing to the potential for a metaverse boom. It has risen by around 500 percent in the last month, piqued the curiosity of some high-end crypto investors, and might be poised for additional rises.
Canadian Firms Purchase Land on Decentraland.
One of the speculated reasons for the MANA surge could be traced to the popularity it is gaining and the recent activities on Decentraland. Tokens.com recently purchased a large piece of virtual real estate valued at 618,000 MANA, or $2,428,740. According to the platform, the deal stands as the most expensive virtual real estate parcel ever acquired on Decentraland.
The land appears to be in Decentraland’s “Fashion Street” sector, which is considered a particularly hot zone. Major digital fashion events featuring world-famous labels like Gucci are expected to take place in the area. Users will be able to go virtual shopping and buy apparel for their in-game avatars. The land is divided into 116 portions, each measuring approximately 52.5 square feet. As a result, a total of 6,090 virtual square feet was purchased.
MANA is on the rise!
Decentraland’s native currency has broken its previous all-time high three times in the last 30 days. MANA is on an almost vertical path, far beyond historical resistances, and might possibly end up higher than it has ever been. The current price per token is $5.45. This comes as the price of crypto flagships like Bitcoin and Ethereum, as well as meme-coins like Shiba Inu and Dogecoin, has plummeted in recent weeks.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Did you like the news you just read? Please leave a feedback to help us serve you better