Decentraland Price (MANA)

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1 MANA =$0.6121Last updated:
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About Decentraland (MANA)

Decentraland (MANA) is a virtual reality platform powered by blockchain technology. Users can create, experience, and monetize content and applications within the decentralized virtual world. The platform allows for the ownership of virtual land, known as LAND, which can be used for various purposes such as gaming, socializing, and commerce. Decentraland utilizes Ethereum blockchain and smart contracts to ensure secure ownership and transactions within the virtual world.

One of the key features of Decentraland is the ability for users to create and customize their own virtual spaces using the platform's easy-to-use tools. Users can also interact with each other in real-time, attend events, and participate in virtual economies. The platform's decentralized nature ensures that users have full control over their digital assets and identities.

With its immersive virtual environment and blockchain technology, Decentraland is revolutionizing the way people interact and engage in virtual worlds. Whether it's creating unique experiences, hosting events, or buying and selling virtual goods, Decentraland offers endless possibilities for users to explore and express themselves in a decentralized and secure manner.

How does Decentraland work?

Decentraland (MANA) is a decentralized virtual reality platform built on the Ethereum blockchain, allowing users to create, buy, sell, and monetize virtual assets and experiences. MANA operates on a peer-to-peer network, enabling direct transactions between users without the need for intermediaries. The platform uses blockchain technology to ensure transparency, security, and immutability of ownership records. Decentraland utilizes a proof-of-stake consensus mechanism to validate transactions and maintain the integrity of the network. One of its unique features is the creation of non-fungible tokens (NFTs) representing virtual land and assets, which can be traded and used in various applications within the platform. Decentraland's decentralized nature and innovative use of blockchain technology offer a wide range of use cases, including virtual real estate, gaming, social interactions, and digital art, disrupting traditional financial systems and opening up new possibilities for decentralized applications across industries.

How to keep your Decentraland (MANA) safe?

To keep your Decentraland (MANA) safe, it is recommended to utilize hardware wallets such as Ledger for enhanced security. These wallets provide an extra layer of protection by storing your private keys offline. Additionally, trusted platforms like Nexo, Coinbase, and YouHodler offer secure storage options for your MANA tokens. By using these platforms, you can rest assured that your assets are safeguarded against potential threats such as hacking or phishing attacks. It is important to always prioritize security when managing your cryptocurrency holdings to prevent any unauthorized access to your funds.

Sentiment about Decentraland (MANA)

Decentraland (MANA) currently has a market rank of 106, with a market cap of $819,582,137.63 and a circulating supply of 1,908,319,865.39 MANA tokens. The current price of MANA is $0.43, with a 24-hour price decrease of -15.53% and a 7-day decrease of -28.08%. The social sentiment analysis reveals a bullish sentiment of 41%, indicating positive sentiment among social media users.

The social impact score for Decentraland is moderate, reflecting a relative trend in social activity. The asset's galaxy score, which considers technical indicators, social sentiment, and correlation with price and volume, is 41. Despite recent price declines, the bullish sentiment on social media suggests potential market optimism. Traders and investors may monitor social sentiment trends and market indicators for potential price movements in Decentraland.

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