IS Decentraland MANA STILL A GOOD INVESTMENT? MANA Crypto News! METAVERSE Games Crypto
IS Decentraland MANA STILL A GOOD INVESTMENT? MANA Crypto News! METAVERSE Games Crypto
00:00 - introduction
00:31 - Tokenomics
01:55 - What Is Decentraland MANA
05:38 - Why is its price rising?
The metaverse has quickly become one of the hottest topics in the tech world, and surging interest and investment in the space…
is creating bullish catalysts for the MANA token.
MANA is the cryptocurrency used for transactions in Decentraland's 3D virtual world. Now regardless of whether you like or dislike the idea of the metaverse it's most likely the place we are all going to end up in the future.
So why not capitalize on the future of the blockchain..
In this video WhyMANA has been increasing more than 500% in the past month
Is Decentraland’s native token still a good investment?
What Is Decentraland (MANA)?
Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create virtual buildings such as homes, casinos, art galleries, concert halls and theme parks, and charge other players to visit them.
You can interact and play games with others, even building entire villages together.
Users build these structures on a non-fungible digital asset known as LAND, plots of which are purchased with MANA.
Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.
Why is its price rising?
1 First of all The Decentraland token skyrocketed following Facebook’s rebranding to Meta Platforms to focus on building a metaverse. Facebook’s action bolstered confidence in Decentraland’s prospects in the metaverse and encouraged investors to buy its in-house crypto while it was cheap.
2 Second of all, Barbados to build metaverse embassy on Decentraland
The Caribbean country of Barbados plans to set up a metaverse embassy and has signed an agreement with Decentraland. Barbados may also purchase virtual land for an embassy on other metaverse platforms, such as SuperWorld and Somnium Space. It could use the virtual embassy to provide e-visa services. Another crypto-friendly country is El Salvador, which has made Bitcoin legal tender and holds it as an investment.
3. Grayscale CEO Michael Sonnenshein, who spoke at the Decrypt and Yahoo Finance, Crypto Goes Mainstream event, earlier this week, said the firm has seen “strong interest” to its Grayscale Decentraland Trust as a passive way for investors to get exposure to the metaverse.
MANA, the native currency of the Decentraland virtual world in the metaverse is the sole asset behind the Grayscale Decentraland Trust...
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