Buy Decentraland (MANA)
MANA is the primary cryptocurrency of Decentraland, a decentralized virtual world built on the Ethereum blockchain. It is used to purchase virtual goods such as land and wearables within the Decentraland marketplace. The platform operates with two tokens: MANA and LAND. While MANA is an ERC-20 token for transactions and governance, LAND tokens are non-fungible, representing unique parcels of virtual land in the world. MANA holders can also participate in governance, making decisions on content moderation, token economics, and in-game rules, giving users control over the future direction of the platform
What is MANA?
MANA is the native cryptocurrency of Decentraland, a virtual reality platform built on the Ethereum blockchain. It serves as the primary currency for purchasing virtual land (LAND), goods, and services within the Decentraland metaverse.
How does MANA work?
MANA operates as an ERC-20 token on the Ethereum blockchain. It is used to buy virtual assets and engage in Decentraland’s decentralized governance through its DAO (Decentralized Autonomous Organization). Since MANA is Ethereum-based, it uses Ethereum's Proof of Stake consensus mechanism after Ethereum's recent transition.
What are the potential use cases for MANA?
MANA is used for purchasing virtual land, avatars, wearables, and other digital assets in Decentraland. It also plays a role in governance decisions through Decentraland’s DAO. MANA has broader applications in digital real estate, gaming, social networking, and virtual events within the metaverse.
What is the history of MANA?
Decentraland has grown rapidly since its inception, increasing its user base by over 3,300% in the past year. Its evolution has transformed it into a fully decentralized virtual world where users own and control their digital assets. MANA has seen significant adoption as Decentraland has partnered with well-known brands like Netflix and Samsung for interactive experiences.
