How to Buy Decentraland (MANA)

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Decentraland's goal is to become a virtual destination for digital assets where individuals can buy and sell land, estates, Avatar wearables and names in a marketplace.

In this article you will learn more about MANA and if it is a good crypto project to invest in.

How to Buy MANA

  1. Create a Coinbase account - We recommend using Coinbase as it offers $5 in free Bitcoin when you sign-up.
  2. Add a payment method - Add your payment method and fund your account.
  3. Research the coin - Search for the coin by name or ticker symbol - MANA.
  4. Decide the amount of coins - Now it is time to decide how many coins you want to buy of Decentraland.
  5. Purchase coins of MANA - Buy the amount of coins you want with at the current price on Coinbase.

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Decentraland Mana has been a worthy investment since 2021 when it attained an all-time high of $5.41 in November. But, you may be wondering, can I buy other things other than LAND on Decentraland?

How secure is my investment in Decentraland?  Let's know more about Decentraland and whether it is worth investing in.

What is Decentraland (MANA)? 

It is an Ethereum blockchain that powers Decentraland's reality platform virtually. Mana is a metaverse that can be used to make payments for virtual plots provided by Decentraland and goods and services within the Decentraland world.

It is a virtual 3D platform where users monetize and create applications and content. A metaverse is a shared virtual world, and its Users can interact, socialize, play, and learn.

In Decentraland, the shared space is what is known as LAND. LAND is transferable and finite virtual 3D space, a non-fungible digital asset (NFT) in which users purchase land they permanently own.

As a LANDowner, you choose to do whatever you wish on your piece of land, like creating applications, games, and dynamic scenes.

Each plot measures 16 meters by 16 meters (52 feet by 52 feet), the current total number of properties is 90,601, and MANA tokens can buy the plots of land.

Mana token is the platform's cryptocurrency and is the in-game currency of Decentraland. Mana is a token ERC-20 that allows members to trade or purchase LAND and use it to trade goods and services in the virtual in-world.

The token is further used to purchase avatars, estates, unique names, and wearables in the Decentraland's marketplace.

In Decentraland, LAND is valued as it is in the real world. The location of your land determines the price of your land. Development is the most critical factor. 

The price will be impacted by both the LAND location and whether it has been developed. If your LAND has something interesting set on it, such as an art gallery or engaging game, people will visit the land.

Popular developments on the LAND include:

  1. Game sites: Gaming is increasingly gaining popularity; having one on your land will attract more users.
  2. Casino-Here players win MANA tokens, and this will also attract users to your LAND.
  3. Music venues: Here you can have DJs and musicians hold concerts and play music.
  4. Art galleries: Here you can sell your digital art; this includes crypto kitties and showcases them.

Who Are the Founders of Decentraland?

Decentraland's founders are two Argentinians, Ari Meilich and Esteban Ordano, and its development dates back to 2015. It was launched in 2017. 

The project was closed in2019 and opened to the public in February 2020.  Ari Meilich, an entrepreneur, was Decentrand's project lead from 2017 to 2020.

He is also the founder of a CRM platform. In the meantime, Esteban Ordano used to be the software engineer of Bitpay and an advisor at Matic network.

Decentraland's initial coin offering was on August 18th, 2017, $24 million was raised.  They both have stepped down from their primary roles, but they still act as advisors. 

Decentraland (MANA) Price Today

How Many Decentraland (MANA) Coins Are in Circulation?

Decentraland is a massive cryptocurrency with a market capitalization of about $8billion. Its circulating supply is 1.82 billion tokens, 100 times larger than Bitcoin's. 

Popular tokens, i.e., Chainlink, Cardano, and Dogecoin, have significant market caps; Decentraland still ranks as the 2nd largest gaming crypto, following Axie infinity. 

There are mechanisms put in place to reduce the circulating supply of MANA.  Decentraland blocks are mined using ASIC mining rings.

Since Decentraland is built on Ethereum, it uses a consensus mechanism known as proof of work.  The transactions are made on the network and mined by one of the nodes.

The transaction fee costs are known as gas. The network user that mines the traction is paid gas.  Decentraland's DAO has an off-chain system of voting for the community.

This allows LAND and MANA token holders to create a proposal and participate in governance. Members vote to make member changes and smart contracts upon which the system is built. 

How is Decentraland Secured?

The MANA token can be secured from several decentralized and centralized exchanges like the Coinbase.  Mana is based on the Ethereum blockchain, reserved by a vast decentralized network formed by miners that work together with various nodes to ensure the blockchain and MANA are protected. 

Mana has a security checklist that lowers attack exposure. The operational policy and security checklist include:

  1. Password management does not use repeat passwords for essential services, and you can use a password manager for the not-so-important services. Try not to reuse passwords.
  2. Restrict access.
  3. Keep all software up to date.
  4. Don't share needles.
  5. When you lack a safe access point, use chrome.
  6. Call your phone service provider and set up a PIN that you will use to activate any call or SMS forwarding.
  7. Wipe all disks-Have a clean and updated OS and a zero-tolerance policy in unsigned binaries.
  8. Set up and activate honeypot accounts to protect against scam attacks.
  9. Enable the use of 2FA in all services. This is mostly used by individuals who are exposed.

What Makes Decentraland Unique? 

Decentraland is the first decentralized virtual reality system. It enables communication and interaction between users and offers ownership of the virtual land in Decentraland's metaverse. 

Unlike the traditional spaces online like Twitter and Facebook, in Decentrand, you genuinely own your assets digitally.  Decentraland is for businesses, content creators, and individuals seeking artistic mediums, entertainment sources, and business opportunities.

This virtual metaverse allows people to conduct businesses and socialize in a digitally interactive environment. Decentraland's blockchain is an exciting one since it allows its users to monetize content in a virtual shared space.

Decentraland Alternatives

Should I Invest in Decentraland?

Decentraland is a perfect investment opportunity, and MANA has witnessed spectacular gains. It is expanding, creating new virtual platforms every day.

The metaverse's peak hasn't passed. Still, there are plenty of opportunities in the market.  Decentraland is among the oldest and most known metaverse platforms.

It's main potential is that it is interested in metaverse that are block chained.  Decentraland is a place full of freedom, with plenty of brands in it already. 

So, it's only natural that the metaverse will have more joining it soon. Start investing today if you feel it’s right for you.


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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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