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 conducted an ICO in 2017 and managed to raise 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 enjoying gameplay and interaction. It’s like an online game. However, it focuses on interactions social and economic between users and not on drama himself. Users communicate, attend conferences, open stores and explore the world and new things. Does it remind you of anything? This is Minecraft from a decentralized world !
All land in Decentraland is divided into 90,000 pieces called “plots”. The initial size of the plot is 10 × 10 meters of in-game space. In February 2019, the community voted. Immediately, the size of each plot was increased to 16 × 16 meters. Each parcel is an ERC-721 — LAND token.
Let’s talk about tokens. There are two types of cryptocurrency in the game: INHERITANCE and LAND.
- inheritance an ERC-20 token that allows the purchase of virtual goods and services within the metaverse.
- EARTH an ERC-721 token used to indicate the right to own a certain land in the game; in other words, it is proof of ownership.
In addition to designs, there are roads and squares in the world of Decentraland. Users can’t buy it because only developers can create things on it. Routes are necessary for users to navigate the virtual world. The ” Squares are points of attraction for users: public 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 are properties in New York’s Central Park.
The world of Decentraland has themed areas called ” Districts“. For example, there are shops on Fashion Street and lecture halls at Decentraland University. Each area is owned and managed by a local community. Unfortunately, the land in these areas is no longer available for purchase.
Let’s say you have (lucky) land! How do you dispose of your purchase?
- Will sell again . As the sport grew in popularity, the price of land rose. Thus, you become a conditional lessor who can benefit from it.
- Land lease . You will receive passive income from acquired land.
- Place an ad . You can build anything on their land and even place ads. So you can hang a banner in your company or open a showroom.
- Open an NFT store . Very trendy, right? Decentraland follows the NFT of the ERC-721 standard. For example, digital artists can open a gallery with NFT paintings.
Also read Metaverse: Here’s how the metaverse changed our lives! A dive into a possible future
MANA Price Prediction for 2023
According to the Long Forecast source, 2023 is unlikely to be a successful year for the Decentraland cryptocurrency. While the price of an asset should start the year at around $20, it should reach the $25 level in March and slowly fall to $16 in December.
The price of the digital coin promises MANA investors a relatively stable income throughout 2023. Therefore, the highest price the asset can reach is at $10.
Trading Beasts are not as strong Long Forecast. We mean, everyone. So, the token can start the year at $4 and fall to $3.5 in the middle of 2023. However, MANA will hit $6 by the end of the year, which is pretty cool.
MANA Price Prediction for 2024
The long-term forecast source expects the MANA coin to rise and fall in 2024. So the price may rise to $31 in mid-summer 2024, but a correction to the 20 level of $25 may follow in end of the year.
The Digital Coin Price website predicts strong growth. Thus, the MANA token may reach $11.
Animal Trading not so strong anymore. The price of the decentralized cryptocurrency may fluctuate throughout 2024 in the $4.8-$7 corridor.
MANA Price Prediction for 2025
According to the website Long Forecast, the MANA cryptocurrency will start the year at $20. After that, the price will start to fluctuate 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 price of MANA may also reach $13.5, as indicated by the source Digital Coin Price. It’s not a huge boost but a strong growthhowever.