In the last few years, world-building games like SimCity, Minecraft, and Civilization got an amazing response. These kinds of games allow players to create their cities or entire world by using their creativity. But unfortunately, the value of a player’s fantastic creation is not much. What if we say there is a platform out there that will provide real value to your creation and you can sell them as well. And this platform is nothing but a blockchain-based world-building game Decentraland. So let’s see how this platform works and Decentraland (MANA) Price Prediction by deep-diving into the details of this project.
What is Decentraland?
Decentraland is an Ethereum blockchain-based decentralized virtual reality gaming platform. This platform is built on blockchain technology so users can create an experience and monetize their virtual property very easily. And that’s the biggest difference between Decentraland and similar kinds of gaming platforms.
Decentraland has its virtual world where users can buy lands which are known as “Parcels” and the details of that get recorded on the blockchain. The virtual property built on the top of that land and the land itself is a utility or non-fungible digital asset. This NFT asset is also known as LAND and this is stored in the form of smart contracts on Ethereum.
As we all travel, explore and visit different places in the real world in a similar fashion we can enjoy virtually at Decentraland. This platform has two tokens Mana and LAND where MANA token is generally used to acquire the non-fungible LAND token. Also, it can be used while purchasing new wearable, avatars, names, and many more from the marketplace.
Decentraland (MANA) Details:
|Total Supply||2,194,020,627 MANA|
Decentraland (MANA) Price Prediction:
The ICO conducted by this project got a huge response from the investors and just within 35 seconds, this project raised $24 million. Even though the ICO was conducted back in 2017 but the still it is considered as one of the most successful ICO sales. Due to the heavy response to this sale, only 7000 participants could take part in it.
A few days back Facebook announced to change its name to Meta and with this announcement they are planning to bring the metaverse to life. In short by introducing the metaverse they are going to give the virtual reality experience to its users. After this event, the price of this project was raised by almost 80% within 24 hours. And if we consider Decentraland performance from last year it has surged more than 2,000%.
As per the Decentraland (MANA) Price Prediction by the end of 2026, this project could cross the $10 mark. But don’t forget to consider the previous performance of this project before investing because its price was trading below $1 till May 2021. In April 2021 first time its price reached $1.36 and after that once it gets crashed.
Everyone knows that Decentraland is a very unique and exciting project and most importantly this project has raised the standard for virtual reality games. As this platform is completely decentralized so the players will have complete control over their creations. But unfortunately, the gas fees are very high on this platform. We just hope that in the upcoming time gas may get reduces as its adaptation increases. Overall this is a very amazing platform and has got huge potential for future growth.