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Ethereum NFT

What is MANA coin used for?

How MANA coin is used in Decentraland. The first virtual world owned by it’s users. Decentraland runs on the Ethereum blockchain.

MANA coin

MANA is the native token of Decentraland virtual world.

MANA coin is used for

  • Buying land in Decentraland virtual world
  • Trading for goods and services within Decentraland
  • Governance

What is Decentraland?

The first virtual world owned by it’s users. Decentraland runs on the Ethereum blockchain.

How does it work?

Decentraland can be played in the browser on a desktop computer. Users can choose to setup a wallet (for example Metamask) to be able to buy or sell assets in the ecosystem.

LAND

Users create virtual experiences on their plots of LAND in Decentraland.

All parcels of LAND are represented by an NFT (ERC-721) on Ethereum.

  • Parcels are 16m x 16m.

MANA is spent or burnt when buying LAND. Smart contracts for the assets run on Ethereum.

Voting

MANA can be converted to WMANA to use in governance.

Holders of LAND vote on changes regarding LAND, content moderation among other things.

  • 2,000 / LAND token.
  • 4000 / Estate
  • 1 / WMANA

Estate

An estate is two adjacent parcels of LAND.

Content

The audio, visuals and virtual content is served through decentralized community of servers. Anyone can submit an application for a server to join the network. It is then voted on by the Decentraland DAO.

Users can choose to monetize the content on their land in a way they choose. Any monetization is not connected to Decentraland in any way.

MANA tokenomics

Total supply: 2,194,217,027 MANA

Total supply LAND: 92,598 LAND

Presale: $0.024

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MANA coin price

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