The project was conceived by Decentraland Foundation in 2015. So you can see this game has been on the market for a long time. The team held an ICO in 2017 and managed to raise around 90,000 ETH (which was around $ 26 million at the time). However, the virtual reality platform only opened to the public in 2020.
Decentraland users can buy and sell properties while enjoying the gameplay and interaction. It’s like an online game. However, it focuses on interactions social And economic between users and not on game himself. Users communicate, participate in conferences, open shops and explore the world and new objects. Does this remind you of anything? This is Minecraft from a decentralized world !
The whole land of Decentraland is divided into 90,000 pieces called “lots”. The initial plot size was 10 × 10 meters of play space. In February 2019, the community voted. Soon after, the size of each plot was increased to 16 × 16 meters. Each pack is an ERC-721 – LAND token.
Let’s talk about tokens. There are two types of cryptocurrency in the game: MANA and EARTH.
- MANA is an ERC-20 token that allows the purchase of virtual goods and services within the metaverse.
- EARTH is 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 the plots, there are streets And squares in the world of Decentraland. Users cannot purchase it because only developers can create items on it. Paths are required to allow 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 streets and squares, the more expensive it is. The area around Central Plaza is the most expensive, as is the property in New York’s Central Park.
The world of Decentraland has thematic areas called ” Neighborhoods“. For example, there are shops on Fashion Street and classrooms 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 a (lucky) land! How can you dispose of your purchase?
- Resell . As the game grows in popularity, the price of land increases. This way you become a conditional lessor who can take advantage of it.
- Rent the land . You will receive passive income from the land acquired.
- Place an ad . You can build any object on their land and even place advertisements. So you can hang up a banner of your company or open a showroom.
- Open an NFT store . Very trendy, right? Decentraland is NFT compliant with the ERC-721 standard. For example, digital artists can open a gallery with NFT paintings.
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MANA price prediction for 2023
According to the Long Forecast source, 2023 is unlikely to be a successful year for the cryptocurrency Decentraland. While an asset’s price is expected to start the year at around $ 20, it should hit the $ 25 level in March and slowly drop to $ 16 in December.
The price of the digital currency promises MANA investors a fairly stable income throughout 2023. Therefore, the maximum price that the asset can reach is around $ 10.
Trading Beasts is not that bullish Long forecast. We mean at all. Hence, the token can start the year at $ 4 and drop to $ 3.5 by mid-2023. However, MANA can reach $ 6 by the end of the year, which is pretty cool.
MANA price prediction for 2024
The long-term forecast source predicts that the MANA coin will rise and fall in 2024. So the price could rise to $ 31 by mid-summer 2024, but a correction to the $ 20 level could follow by the end of the year. 25.
The Digital Coin Price website expects steady growth. Therefore, the MANA token can reach $ 11.
Commercial beast it is no longer so bullish. The decentralized cryptocurrency price could fluctuate throughout 2024 in the corridor between $ 4.8 and $ 7.
MANA price prediction for 2025
According to the website Long forecast, the cryptocurrency MANA will start the year at $ 20. Thereafter, price fluctuations will begin and could 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 could reach as high as $ 13.5, as the source indicates Price of digital currency. It’s not a huge push but a stable growthHowever.