November 20, 2021
Decentraland (MANA)
MANA has been trending in the recent past. It’s not surprising considering the fact that the token has surged by over 4,000% in the last 12-months.
As an overview, Decentraland is a virtual reality platform on the Ethereum blockchain. The platform allows people to create and monetize content.
Decentraland intends to leverage on the point that people are increasingly spending time in the virtual world for work as well as leisure. There is a big addressable market and Decentraland project seems to be moving in the right direction in terms of user growth and token price upside.
It’s worth noting that Decentraland allows creation of applications, games, gambling and dynamic 3D scenes. The Marketplace therefore seems attractive when it comes to users buying digital assets.
In terms of functionality, the MANA token will be used to purchase land, goods and services on the virtual platform. The token also incentivizes content creation, which has a direct impact on user growth. Overall, MANA token seems positioned for further rally as the Metaverse world gets bigger.