How does Decentraland work?

Decentraland users oversee this digital world through a decentralized autonomous organization (DAO). Users can create their own environments, marketplaces, and applications using Decentraland’s three native tokens: LAND, Estate, and MANA. In March 2023, Decentraland had an estimated market valuation of $1.1 billion. 6

How to buy land on Decentraland?

Purchasing LAND on Decentraland requires MANA – the native cryptocurrency of Decentraland. The general idea is to acquire MANA through various means and then go to the marketplace and use your MANA to buy things. The easiest way to get MANA is to buy it.

How much is Decentraland worth?

In March 2023, Decentraland had an estimated market valuation of $1.1 billion. 6 Users create their unique environments, marketplaces, and applications using Decentraland’s three native tokens: LAND, Estate, and MANA. ERC-721 tokens, like LAND and Estate, make each token unique.

What are the two central elements of Decentraland?

Here are some tips to keep you going. The two central elements of Decentraland are LAND and MANA. LAND is the name of the non-fungible asset associated with the virtual space in the environment you are now exploring. When you buy a "parcel" of LAND, you acquire a specific bit of the virtual environment. It has coordinates to identify it.