What is Decentraland (MANA)

Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Contents can range from static 3D scenes to interactive systems such as games. This article explores the core features of Decentraland and how one can purchase Decentraland by first purchasing ETH as a base token on the MEXC Exchange.

What is Decentraland?
What is Decentraland?

What is Decentraland?

Decentraland is software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world.

Decentraland users can buy and sell digital real estate while exploring, interacting, and playing games within this virtual world. Over time, the platform has evolved to implement interactive apps, in-world payments, and peer-to-peer communication for users.

The finite, traversable, 3D virtual space within Decentraland is called LAND, a non-fungible digital asset maintained in an Ethereum smart contract. LAND is divided into parcels that are identified by cartesian coordinates (x,y). These parcels are permanently owned by members of the community and are purchased using MANA, Decentraland’s cryptocurrency token. This gives users full control over the environments and applications that they create, which can range from anything like static 3D scenes to more interactive applications or games.

The Decentraland application is built to track real estate parcels defined by LAND tokens.

The software leverages the Ethereum blockchain to track ownership of this digital land, and it requires users to hold their MANA token within an Ethereum wallet to engage with its ecosystem.

Further, developers are free to innovate within Decentraland’s platform by designing the animation and interactions experienced on their virtual real estate.

How to buy Decentraland?

To purchase Decentraland, users can either buy MANA or purchase ETH first on MEXC Exchange following the steps listed below:

  1. Log in to your MEXC account and click [Trade](MANA)or [Trade](ETH). Click on [Spot].
  2. Search “MANA” or “ETH” using the search bar to see the available trading pairs. Take ETH/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of MANA/ETH you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy MANA/ETH] to confirm your order. You will find the purchased MANA/ETH in your Spot Wallet.

After purchasing your desired amount of MANA/ETH, you can send them to your Metamask wallet and then purchase Decentraland on OpenSea.

Recent Decentraland Price & Performance

Over the last 90 days, the collection Decentraland has had an average price of 0.925 ETH with a floor price of 1.59 ETH and an average transaction volume of 195.06. In September 2022, Decentraland accumulated a total transaction volume of 158,600 ETH.

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