CEX.IO Bitcoin Exchange

Open the CEX.IO app

Get the App

Buy cryptocurrency

Decentraland

0.00%

Market Cap (USD)

$832M

24H VOLUME (USD)

$37

Daily change

$0.0064

This is Decentalands price chart. In a graphical presentation, the chart pattern is a distinctive formation that generates a trading signal and a sign of potential price changes. You can obtain a quick peek at asset prices over a specified time.

Daily Decentraland (MANA) Price Chart

A market chart shows the price of a currency pair over a specified amount of time. You may track Decentaland prices over time, perform price analysis, and see patterns and tendencies using a live cryptocurrency market chart to support your trading strategy.

A candlestick chart is one of the highly used chart types.

A vertical line shows the high-to-low range on a candlestick. The larger block or "body'' demonstrates the discrepancy between the opening and closing prices.

Candlesticks made it easy to see the bullish or bearish sentiment as they represent the bodies in a variety of shades. Green denotes a price increase, while red denotes a decrease. 

Explore the current cryptocurrency price chart for MANA on this page and on our award-winning Spot Trading platform. 

What Is Decentraland (MANA)

Users can produce and monetize content and applications on the 3D virtual reality platform Decentraland. Based on the Ethereum blockchain, Decentraland seeks to create a user-owned network that offers an immersive experience. If this information sparked your interest in Ethereum, you can buy Ethereum and explore it further with the provided link.

Users can buy virtual land parcels on the platform, which is a shared metaverse. Users can communicate, interact, learn, and play in a shared virtual world known as a metaverse. Decentraland is a decentralized virtual environment where users can explore LAND owned by other users, interact with scenes and structures, exchange virtual goods, and interract with each others.

The large, centralized businesses now control the network policies and content flow as people spend more time in virtual worlds for work and play. In exchange, the authors and developers receive meager compensation.

Decentraland offers a decentralized infrastructure where users may congregate, share content, and play games. It is a place for creators to receive the full benefit of their labor. Advertisers can showcase their businesses on the site, and artists can set up virtual galleries for their digital work, among other things.

The area a user interacts with in Decentraland is called LAND. The whitepaper claims that LAND is a non-fungible digital asset (NFT) that people may acquire and will always own. It is a finite and transferrable 3D virtual place.

On their plots of LAND, the owners are free to do whatever they please, including developing interactive media such as games and applications. Each LAND plot is an ERC-721 coin and measures 52 feet by 52 feet, according to the official website (16 meters by 16 meters). Plots can be purchased with MANA tokens and have a maximum total of 90,601.

Decentraland uses the MANA token as both the platform's cryptocurrency and in-game currency. Users can buy or sell LAND and pay for goods and services in the virtual environment using the ERC-20 token MANA.

Through the Decentraland Marketplace, the token can be used to buy estates, avatars, wearables, and original identities. The preferred location to trade and manage all on-chain assets is Decentraland's extensive marketplace.

Regarding gameplay, each user must design an avatar to enter the virtual world. Users can adjust their avatars' body type, shoes, accessories, and many other aspects.

The virtual environment offers a variety of activities, like engaging with other players, exploring casino districts, listening to music, attending parties with other players, or simply wandering.

Scenes that are shown next to one another have helped creators construct Decentraland. A location in this game is an experience and a mini-world in which the players can move about at will. 

The Decentraland protocol is based on a three-layered architecture, according to the whitepaper:

  • Consensus Layer: Tracks the LAND ownership with an Ethereum smart contract.
  • Land Content Layer: Uses a decentralized distribution system to download the assets.
  • Real-Time Layer: Provides peer-to-peer connections between the users to interact.

History of Decentraland 

Built on the Ethereum blockchain, Decentraland is a decentralized, navigable, 3D virtual reality platform. The platform is centered on the ownership of virtual properties where users can build distinctive settings in a virtual world. Content producers will be able to validate their ownership of and receive earnings from their platform contributions.

Consumers will be able to navigate distinct areas of material that can be grouped into districts, providing content producers with targeted traffic and enabling users to find new content spatially.

Currently, massive proprietary platforms like Facebook are the main places where people congregate, communicate, share content, and play games. The group thinks that participants will get a number of advantages over centralized services by using a decentralized model.

Instead of permitting some or all of the earnings to flow to a single entity, users and contributors can receive rewards from transactions on the platform. A decentralized network will also lessen the chance of censorship and vulnerabilities brought on by faulty infrastructure or security flaws.

Users can engage with Decentraland using the two tokens, LAND and MANA. Non-fungible LAND tokens that hold the coordinates of a single point on the grid and a reference to the specifics of each parcel are used to denote individual ownership of land parcels. 

A smart contract's ledger is used to maintain ownership information. Users must burn MANA ERC20 tokens to purchase LAND. MANA tokens can also be used to pay for in-game items and services.

The first LAND tokens, which stood in for the individual lots in Genesis City, the game's opening act, were auctioned off in December 2017. The Decentraland Marketplace, which lets users purchase and trade LAND chunks in Genesis City and explore the area on a map, was launched in March 2018.

The platform was still being developed in May of 2018. According to the researchers, the Decentraland world will eventually be accessible via various mobile, online, and virtual reality (VR) platforms.

Buy Decentraland

Who are the founders of Decentraland?

Ari Meilich and Esteban Ordano are the founders of Decentraland. From 2017 to 2020, Ari Meilich served as the project leader at Decentraland. The CRM platform is one of the start-ups he founded as an entrepreneur.

Meanwhile, Esteban Ordano previously held the software engineer position at BitPay and was a consultant at Matic Network.

On August 18, 2017, Decentraland had its initial coin offering (ICO), during which the business raised $24 million.

How does Decentralend work?

Tracking parcels identified by LAND tokens was the Decentraland application's main purpose.

The software uses the Ethereum blockchain to track who owns digital real estate. Users must possess its MANA token in an Ethereum wallet to interact with its ecosystem.

Additionally, developers are free to innovate on the Decentraland platform by creating the animation and user interface for their digital properties.

Architecture of Decentraland

Ethereum smart contracts were used to build the numerous layered components of Decentraland.

The consensus layer keeps track of who owns which land pieces in a ledger. Each LAND parcel has a specific virtual world coordinate, an owner, and a link to a description file that describes the parcel's contents.

Each parcel's behavior is controlled by the content layer, which also contains the multiple files needed to render them:

  • Content Files – used for referencing all static audio and visuals
  • Script Files – helpful for defining the placement and behavior of the referenced content
  • Interaction Definition – created for peer-to-peer interactions such as gesturing, voice chat, and messaging.

The real-time layer also enables voice chat and messaging through user avatars, facilitating social interactions within Decentraland.

Marketplace and Builder

The Decentraland team has also made available a marketplace and a drag-and-drop editor that allows users to create settings outside the gaming environment.

Participants can exchange and manage LAND tokens valued in MANA on the market. Owners can exchange or trade parcels and other in-game products like wearables and special names through the marketplace.

As all transactions are resolved between Ethereum wallets, they are all confirmed by the Ethereum network and recorded on its blockchain. With the help of Decentraland's construction tools, owners can design a unique environment inside their LAND parcels.

Interactive scenes are developed through its editing tool, allowing developers access to customization libraries and payment implementations.

Current MANA price index and changes over time

After a $26 million initial coin sale, Decentraland was launched in 2017 (ICO). The Decentraland Foundation held onto 20% of the tokens, the founding members of Decentraland kept another 20%, and the remaining 20% was used to support partnerships and community building. In total, 40% of the tokens were sold in the token sale to the general public.

The project staged two LAND auctions where potential players could place bids for plots before the Decentraland platform became live. The minimum offer on each property was 1,000 MANA, and during the first two auctions, all MANA spent on LAND was burned, meaning it was destroyed and removed from circulation.

Registering and reselling avatar names and selling LAND or wearables on Opensea or the Decentraland marketplace also involves burning an amount of MANA each time.

MANA underwent an early pump and dump in 2018, immediately after it debuted on exchanges when new investors hurried to purchase the asset while ICO participants sold their presale tokens.

Following that, MANA pricing remained unchanged for nearly three years between $0.02 and $0.17 until Grayscale Investments announced the release of its Decentraland Trust product. MANA reached an all-time high of $1.63 in April 2021, not long after that update.

How to buy Decentralend with a credit/debit card

If you want to learn more about cryptocurrencies and buy some coins, you first need a reliable crypto trading platform like CEX.IO. All the qualities of a top-tier cryptocurrency exchange are present on CEX.IO. For the platform to guarantee the security of users' personal information, an ICO and an SSL certificate were issued. 

Step-by-step guide: buying crypto on CEX.IO:

  • Create an account

To create an account, you will need a valid email address and a strong password.

  • Verify your account

Make sure you have a valid ID and proof of address on hand as you’ll need them to verify your identity and activate the account. Verifying your ID could take more than a few minutes depending on where you live.

  • Open the Instant Buy page

You can find the “Instant Buy” product in the dropdown options in the upper left.

  • Select Decentraland from the list of assets

Click on the BTC ticker to open the assets menu. Select MANA from the dropdown list, and select the currency you wish to buy it for.

  • Enter the amount you want to buy

Input the amount you want to spend in USD or select the pre-made values instead of your custom value. 

  • Finalize your purchase

Tap “Buy” when ready. You’ll be shown the details of your purchase. Make sure to check the details and then confirm your purchase. That’s it, you’ve bought MANA.

Where to buy Decentraland and other cryptos?

If you want a quick, easy-to-use site where you can buy Bitcoin with a credit card instantly, go to a crypto trading platform like CEX.IO. Here you can also buy Binance coin, buy Dogecoin, as well as trade Bitcoin to USD, and sell bitcoin. Naturally, you will also have access to live crypto prices 24h of a day.

Decentraland (MANA) price history

Many of the methods used in the stock market analysis may also be used to examine the price history of MANA. To understand historical price changes, technical analysis (TA) entails using a variety of indicators while examining price charts.

Contrarily, fundamental analysis (FA) examines a company's finances and operations and the market's and economy's health.

Decentraland's creators had experience from Silicon Valley and Matic Network, which might be a positive indicator for the project's fundamentals. The project raised $24 million in its initial coin offering (ICO).

General market price trends have also influenced the price history of MANA.

Its increases towards the end of 2017/beginning of 2018 and at the beginning of 2021 weren't exceptional; the entire cryptocurrency market grew during these periods. Due to its market dominance and the intense bull runs it was experiencing at the time.

MANA’s huge single-day drop in March 2020 came as economies and borders closed worldwide in response to the COVID-19 pandemic. This effect was felt by the whole cryptocurrency sector and the stock market, which experienced the biggest single-day crash since 1987. Due to the price volatility of cryptocurrencies, It is hard to make a valid Decentraland price prediction for the future.

FAQ

What are the use cases for Decentraland?

Using Decentraland's MANA in branding and advertising is one of its main applications. In some parts of Decentraland, or "LAND Parcels," there is more activity from neighboring users interacting, playing games, watching sporting events, or shopping.

Can I buy MANA crypto for fiat funds?

You may quickly exchange crypto for fiat money on CEX.IO by using a debit or credit card. Alternatively, you can deposit money by bank transfer to your CEX.IO account balance in order to swap cryptocurrency for fiat money. CEX.IO has an intuitive interface so you can quickly find the necessary option to buy, trade, or exchange your crypto. 

How to trade MANA with limit and market orders on CEX.IO?

A convenient and safe location for cryptocurrency trading is provided by CEX.IO. Once you've created an account, you can instantly purchase cryptocurrency using a debit or credit card. 

If you want to trade crypto by placing limit and market orders, you’ll need to fund your CEX.IO balance first. You may do that in a few ways:

  • Payment card
  • Bank transfer (SWIFT, SEPA, Faster Payments)
  • Cryptocurrencies

Your jurisdiction and the degree of account verification determine the payment options. Follow this guide for further instructions. 

Can you buy MANA with PayPal on CEX.IO?

To give its users more practical ways to buy cryptocurrency, CEX.IO keeps trying to expand the list of accepted payment options. Among other available options, U.S. users can use PayPal to buy cryptocurrency through the Instant Buy service and the Add Funds feature in the CEX.IO Wallet app.

PayPal allows you to buy cryptocurrency using U.S. Dollars (USD). You may view the list of nations where PayPal is a funding option on our Limits and Commissions page.

Where can you buy Decentraland?

Wallet

Buy, Sell, Store, and Earn crypto. For everyone.

Spot Trading

Trade with deep liquidity, advanced charts, and stop orders.

Markets

More markets

University

Sign up for updates

Stay aware of timely CEX.IO updates and market developments.

Trading Pairs

MANA
USDT

MANA-USDT

1.60%

Trade
MANA
EUR

MANA-EUR

1.51%

Trade