The virtual world or metaworld, such as Decentraland, is attracting more and more attention, as it allows the three branches of reality – physical, virtual and augmented – to intersect and converge. Users can fully own their digital real estate: in fact, owners can buy land, build tools, play interactive games, trade and experience virtual reality in many forms.
Founded in 2015, Decentraland (MANA) is a decentralized three-dimensional virtual reality platform consisting of 90,601 plots of land. Virtual real estate in Decentraland is NFT, which can be purchased using the cryptocurrency MANA, based on the Ethereum blockchain.
Meet VUCO CASH in the metacentre of Decentraland!
VUCO CASH is a DeFi (decentralized finance) platform developed by Vuuzle Media Corp Limited on Binance Smart Chain (BSC). The platform will soon provide lending services, staking, fiat rate, money transfers and uninterrupted payments.
The task of the creators of VUCO CASH is to create a single access point in the blockchain, which will allow users to improve the user experience, which is both simple and direct, as well as intuitive thanks to the perfect user interface.
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At Decentraland, you can buy land to build, monetize or simply explore. Users can create, test and share content and applications. Unlike virtual worlds, which are owned and managed centrally, this platform and content belong to their users.
Decentraland consists of three layers: consensus, terrestrial and real-time. In 2017, Decentraland conducted an initial coin placement (ICO) for $ 26 million in just one hour. It was officially opened to the public in February 2020 and is under the supervision of the non-profit organization Decentraland Foundation.
The largest sale of virtual land
Republic Realm, a division of the online investment platform Republic, bought 259 plots of virtual land in Decentraland for $ 913,228.28. This single deal is the largest acquisition of LAND in the history of Decentraland. 1,295,000 tokens were removed from MANA’s total stock.
What is LAND?
LAND is an irreplaceable token (NFT), representing virtual plots of land in Decentraland, which is supported by the Ethereum smart contract. NFT is a completely unique token in a chain of blocks that cannot be exchanged.
Each digital plot of land measures 16 x 16 meters and is identified by a unique set of Cartesian coordinates (x, y). It can neither be reproduced nor duplicated. You can buy and sell LAND with MANA and create apps, games, dynamic 3D scenes, casinos and more.
The number of plots of land is limited to 90,000. You can purchase neighboring plots to create plots of land. An area is a community consisting of LAND plots with a common theme that forms a community.
You can vote on issues related to your community using Agora, DApp to vote for Decentraland. Your possession of a LAND in a certain area directly depends on the weight of your vote. Agora gives you control over what’s going on in your area, and allows you to leave feedback on the platform.
This is what VUCOCASH BUILDING looks like in the metacentre of Decentraland!
What is MANA?
MANA is an ERC20 cryptocurrency token from Decentraland. Decentraland users spend them to buy plots of digital land and pay for goods and services of other users. The MANA used to purchase the LAND is burned, ie these tokens are destroyed. For example, suppose you pay 10,000 manat for a piece of digital land. Then 10,000 MANAs are sent to the address (record address) without private keys. After that, the tokens are lost forever and removed from the total MANA stock.
The total volume of the original MANA offer is limited to 2,805,886,393 copies. As of August 17, 2021, the total amount of the offer in circulation is MANA 1.8 billion with a market capitalization of 1,509,985,208 US dollars.
How to buy MANA
MANA can be bought on most major exchanges – Binance, OKEx, Tokocrypto, CoinTiger and Huobi Global. Of these, Binance and OKEx have the largest trading volumes.
However, if you want to buy LAND, you should look for, sell or rent land on the best NFT trading platforms.
How to store mana
Decentraland MANA is an ERC20 token built on the Ethereum blockchain, which allows you to store it in a wide range of hardware or software wallets.
Is Decentraland MANA a good investment?
As real estate gains popularity in the physical world, Decentraland is also gathering excitement in cyberspace, receiving significant coverage in traditional news agencies. Investing in Decentraland can be very profitable.
Decentraland provides users with a unique, rare, limited gaming experience with no restrictions from centralized management. Users control the creation of their experience and benefit from the value created. To ensure decentralization, smart contracts are managed by a decentralized autonomous organization, where users can vote for changes. Users really own their collectibles in the meta universe.
Decentraland is growing fast because it is also an NFT market. However, this is not the only player in the field of NFT. Trading platforms such as Axie Infinity (AXS), Crypterium (CRPT) and Algorand (ALGO) give Decentraland the opportunity to make money. For example, in market valuation, Decentraland still lags behind AXS and ENJ. Virtual reality space is also growing, and other virtual worlds, such as NEOLAND and High Fidelity, are competing for a piece of the pie in cryptocurrency markets.