Many people believe that virtual real estate agency will become a popular profession in the future and want to join this space early by investing in projects like Decentraland . Decentraland also has a marketplace where people exchange avatars, wearables, names, and digital accessories that they design or buy from someone else. MANA is also used as the payment tender on the Decentraland Marketplace.
Buy Decentraland instantly with a credit or debit card, bank transfer, Apple Pay, Google Pay,and more. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Using its native token, MANA, you can buy or trade LAND and pay for goods and services in the virtual world.
Decentraland is the native token that powers Decentraland, the virtual world built on top of the Ethereum blockchain. Mana can be used to purchase in-game assets such as LAND tokens and wearable items on the Decentraland marketplace. Decentraland is governed by its community and members can vote on proposals for the future of the project via governance rights. Use Decentraland to purchase LAND non-fungible tokens and start developing your own virtual land. MANA can also be used to buy in-game assets like community-created wearables for your avatar. Once you’re done with LAND or other items, you can sell them back on the Decentraland marketplace to receive MANA tokens.
What is Decentraland (MANA)?
Land ownership comes in the form of non-fungible tokens . Users can also develop their own plots of land on the Decentraland platform. Once you’ve chosen an exchange, you’ll need to fund your account.
MANA is Decentraland’s native cryptocurrency that is used in land purchases. During these transactions, MANA payments are burnt on the Ethereum blockchain to create non-fungible LAND tokens in return. Buyers receive these LAND NFTs, which serve as deeds for land ownership in the Decentraland metaverse. Decentraland is a decentralized virtual world you can access on a web browser. This virtual world is called a “metaverse” and consists of 3D land plots that can be purchased with the native MANA cryptocurrency.
CEX.IO Wallet is a self-custody crypto wallet that allows you to store a wide range of popular cryptocurrencies. On the Wallet, you can conveniently keep track of your cryptocurrency holdings, whether on a mobile device or on the Web. Decentraland is currently in its Iron Age which enables the community to experience land ownership and monetize the content they create by exchanging on the Decentraland Marketplace. With the proceeds from the ICO, the company started creating virtual world models and designing land textures on the Ethereum blockchain. They also integrated the blockchain as a platform to create decentralized applications for Decentraland. To participate in DAO governance, users need to convert their MANA tokens into wrapped MANA and lock them in the DAO.
You canstake MANA to earn passive income with rewards distributed in MANA. Explore LANDs owned by users to experience incredible scenes and structures. From a space adventure to a medieval dungeon maze to entire villages crafted from the minds of community members. Binance’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable. You have 1 minute to confirm your order at the current price.
After 1 minute, your order will be recalculated based on the current market price. If you are a new user, this is the easiest option to purchase Decentraland .
How To Buy Decentraland (MANA)
Anyone with voting power can vote on various regional issues that happen in the Metaverse, as well as vote on major topics like the DAO treasury’s funding and investment decisions. After you buy Decentraland, you can transfer it to anyone across the globe, as long as you know their Decentraland wallet address. How much Decentraland you can buy will depend on your account limit, with higher purchases requiring increasing/different KYC levels. After you buy Decentraland, you can transfer it to anyone across the globe, as long as you know their %name% wallet address. MoonPay followsstrict security measuresto ensure you have a safe Decentraland purchase.
Holding MANA tokens also give the right to participate in the Decentraland DAO’s governance. To add further scarcity to the Decentraland ecosystem, land plots are limited and divided into a total of 90,601 individual parcels of LAND. Each LAND is represented by an ERC-721 non-fungible token. As discussed, you need the MANA token to purchase or develop LAND on the Decentraland metaverse. All in-game assets can be bought and sold in the official marketplace, or on secondary NFT marketplaces like OpenSea. Convert your Decentraland to another cryptocurrency directly in your wallet or by using a DeFi application.
If you would like to trade your Decentraland to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains. By purchasing MANA you can gain access to the Decentraland virtual world. The decentralized blockchain-based game features a fully explorable metaverse where users can develop land, visit friends, and participate in real-time events.
What can Decentraland (MANA) be used for?
Since 2021, many major companies and fashion brands have bought virtual properties in Decentraland to promote their products and services in this new, digital world. MANA has a 24-hour trading volume of over $241.15 million, and is ranked as the #44 most valuable cryptocurrency with a market cap of more than $1.3 billion. If you choose to fund using a credit card, be forewarned that card issuers typically treat crypto transactions as cash advances. A crypto exchange is a digital platform that acts as a middleman between buyers and sellers for cryptocurrency trades. While you have plenty of exchanges to choose from, know that exchanges may better suit new crypto investors than others. The team specifically created 2D pixel grids for the land plots.
Store your newly purchased Decentraland in yourpreferred wallet.There are many custodial and non-custodial wallets to choose from. Purchase Decentraland in more than 150 countries using the local currency of your bank account. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control.
You can buy Decentraland tokens with your credit/debit card using the CEX.IO Instant Buy service. CEX.IO Instant Buy offers one of the easiest ways to buy & sell crypto. But to score your slice of LAND, you’ll need to understand how to buy Decentraland’s native cryptocurrency token, MANA. Once you have your share, you can don your virtual reality goggles and slip into the metaverse to build the world of your dreams.
Built on the Ethereum blockchain, Decentraland empowers you to build a virtual life, creating content you can sell to other users and even buying LAND. If you’re a fan of the virtual “doll house” game known as “The Sims,” you’ll love Decentraland—the first-ever virtual world owned by its users. You are ready to link your credit/debit card as soon as your account is verified. In 2016, the Bronze age started, which was a virtual world divided into multiple land parcels. The amount of land a person owns determines their voting power.
Decentraland also enables LAND owners to create visual applications, games, creative 3D scenes, informative sites, etc, and locate them on the things they build on their land plots. Anything you dream of, you can develop on top of these LAND parcels. The more transaction value happens on the network, the more MANA tokens are removed from circulation. This suggests that rising land prices in the Decentraland metaverse could likely create a higher level of scarcity for the token.
Visit the right store, and you can even score a nifty new pair of shoes for your avatar. Software wallets use a program or downloadable app to store your crypto. Since they’re connected to networks and the internet, software wallets sacrifice security for convenience and access.
If you have not yet verified your CEX.IO account, you need to click on the Verification button under the Profile dropdown menu, which is located at the top right corner of your homepage. Your account must be verified to buy and sell assets on CEX.IO. While there is a limit to the amount of land you can buy on Decentraland, there is no limit to the height of what you can build on these land parcels.