The project was created by Decentraland Foundation In 2015. So you can see that this game has been in the market for a long time. The team held an ICO in 2017 and managed to raise around 90,000 ETH (Which was about $26 million at the time). However, the virtual reality platform was only opened to the public in 2020.
Decentraland users can buy and sell real estate while having fun playing and interacting. It’s like an online game. However, it focuses on interactions social And the economic between users and not on Play Himself. Users communicate, attend conferences, open stores, and explore the world and new things. Does this remind you of anything? This is a Minecraft game from a decentralized world !
The entirety of the lands of the Decentraland is divided into 90,000 plots called “plots”. The initial plot size was 10 x 10 meters of in-game space. In February 2019, the community took a vote. Immediately after that, the size of each plot was increased to 16 by 16 metres. Each package is an ERC-721 – LAND code.
Let’s talk about icons. There are two types of cryptocurrencies in the game: Mana and Land.
- mana It is an ERC-20 token that allows the purchase of virtual goods and services within the metaverse.
- Earth It is the ERC-721 code used to indicate the right to own a certain land in the game; In other words, it is proof of ownership.
In addition to plots, there are roads and the Boxes In the world of Decentraland. Users cannot buy it because only developers can create items on it. Paths are essential for users to navigate in the virtual world. The ” squares Attractions for users are: parks and information areas. The closer the land is to roads and squares, the more expensive it is. The area around Central Plaza is the most expensive, as is the real estate in New York’s Central Park.
The world of Decentraland contains themed areas called ” RegionsFor example, there are stores on Fashion Street and lecture halls at Decentraland University. Each area is owned and operated by a local community. Unfortunately, land in these areas is no longer available for purchase.
Let’s say you have land (lucky)! How do you dispose of your purchases?
- resell . With the increasing popularity of the game, the price of the land rises. You thus become a conditional lessor who can benefit from it.
- land rent . You will be able to get passive income from the acquired land.
- place an ad . You can build any object on their land and even place ads. So you can hang a banner for your company or open a showroom.
- Open NFT Store . Very trendy, isn’t it? Decentraland is NFT compliant to the ERC-721 standard. For example, digital artists can open a gallery with NFT panels.
Read also 3 promising Metaverse cryptocurrencies to buy now and keep in your wallet
MANA Price Prediction for 2023
According to a Long Forecast source, 2023 is unlikely to be a successful year for the Decentraland cryptocurrency. While the price of the asset should start the year around $20, it should hit the $25 level in March and slowly drop to $16 in December.
The price of the digital currency for MANA investors promises a fairly stable income throughout the year 2023. Thus, The maximum price the asset can reach is around $10.
Trading monsters isn’t as bullish as long forecast. We mean, absolutely. Therefore, the general token could start at $4 and drop to $3.5 in the middle of 2023. However, the price of the token could reach $6 by the end of the year, which is pretty impressive.
MANA Price Prediction for 2024
A long-term forecast source expects the MANA coin to rise and fall in 2024. So the price may rise to $31 by the middle of summer 2024, but a correction to the 20 level at $25 may follow by the end of the year.
Digital Coin Price expects steady growth. Thus, the MANA token can reach $11.
commercial monster It’s no longer very bullish. The price of the decentralized cryptocurrency may fluctuate throughout the year 2024 in the corridor of $4.8 to $7.
MANA Price Prediction for 2025
According to the site long forecastThe cryptocurrency MANA will start the year at $20. After that, price fluctuations will start and may reach $17 in May, $14 in June and $23 in September. Finally, the year will show us a closing price of $29.
In 2025, the MANA price may also reach $13.5, the source indicates digital currency price. It’s not a big batch but stable growthHowever.