What is Decentraland coin?

Decentraland coin is one of the cryptocurrency projects among the many others available in the market. Decentraland coin prominently aims to integrate the amazing potential of the Blockchain technology with the virtual reality. The cryptocurrency project was one of the most awaited one.

What is Decentraland (Drand)?

Decentraland is an Ethereum-powered virtual reality platform. In this virtual world, you purchase plots of land that you can later traverse, build upon, and monetize. There’s no limit to what you can do. It’s the first digital platform that’s completely owned by its users. How Does Decentraland Work? How Does Decentraland Work?

What are Decentraland tokens?

Two types of tokens called MANA and LAND govern operations in Decentraland. They also allow users to interact with the platform. MANA is the official currency of Decentraland. It’s an ERC-20 standard token that powers the Decentraland platform. With MANA, users can purchase plots of LAND, as well as pay for in-game items and services.

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.