0
Etoro home
Coinrule home

What is Decentraland Crypto?

decentraland crypto
Etoro home

Launched in 2015, Decentraland is the fastest-growing role-playing metaverse. You can create your scenes and applications, explore other users’ environments, and even trade some of your properties to earn huge profits.

Decentraland’s economy runs on the Ethereum blockchain with Fungible Tokens, called MANA, acting as the game’s currency. All you need is to invest these tokens wisely and grow your properties to make money in this metaverse.

If you think buying virtual land is crazy, then here’s a surprise for you: investors are shelling out millions of dollars for virtual parcels of land, and Decentraland is THE platform to be on.

Community

It must be called a community just based on the fact that there are concerts on Decentraland! It’s an awesome way to discover and also support new and talented artists you may have never heard of had it not been for the power of Decentraland.

Concerts are one of an infinite amount of ways to even meet other players like yourself!

Some folks are even living their dreams. The ability to buy virtual land also allows for certain entrepreneurs who are following through on what might not have been possible in the physical.

People are opening art galleries, studios, karaoke bars, live comedy clubs, dog parks, and my personal favourite: casinos!

Owning land within a casino is a very interesting aspect of earning income via Decentraland. Imagine owning a few blocks of space, enough for a few table games. Maybe blackjack, maybe baccarat- but regardless of the game on your blocks, you earn income from the table rake (similar to a real casino) every time you have players on tables. The longer they stay the more you keep earning.

Gemini home

MANA pricing

The live Decentraland price at the time of writing (Oct. 14, 2021) is $0.77 USD with a 24-hour trading volume of $63,348,346 USD.

The current CoinMarketCap ranking is #76, with a market cap of $1,403,337,839 USD. It has a circulating supply of 1,816,956,991 MANA coins and the max. supply is not available.

If you're intrigued and want to buy Decentraland, the top exchanges for trading in Decentraland are currently Binance, Huobi Global, Crypto.com, OKEx, and FTX.

Is it worth your time?

If virtual worlds intrigue you and you have plenty of time, go for it and knock yourself out you’re gonna love it.

For most like me, you might not have the time to live out your digital dreams of a comic book store but you will have time to make money. Simply buying and holding MANA is a good start. It ensures that you at the very least are holding a currency for an ever-expanding virtual world. And if you ever want to play blackjack with that MANA, come on by there’s an open seat

Gemini home
David Gonzalez

Author: David Gonzalez

Digital Dave is from South Florida and has 17+ years of experience in the fields he loves to write about: finance, crypto and sports betting.

Share

This site uses cookies, please see ourCookie Policyfor more information.