MANA Soaring, Million Dollar Auctions Land, What Happened At Decentraland?

Soaring 66 times a year, MANA is the historic symbol of the Decentraland meta-world project, which is based on Ethereum's decentralized 3D virtual reality platform, or meta-world, plus. Users create and have plans, charts and NFTs. Members can also get involved in community management by joining Decentraland DAO earlier in the platform.

"Minecraft" (Minecraft) is a game known to the general public and Decentraland and SandBox can be seen as models of the chain game "Minecraft", but of course they create a whole new world. Decentraland allows gamers to create their own 3D world and sell it to others. Users can use the advantageous game, MANA, to buy real estate in the world and build many houses on this land. Every house needs: parks, hotels, casinos, etc. In addition to selling their own design, users can become a bride in the virtual world and have leases for one another.

metaverse

Decentraland Immobilier covers a total public sale of 90,000 units. Squares, squares and decentralized public streets belong to the developer and users cannot buy or sell them. One of the main drivers of LAND value in Decentraland is insufficiency. As in the real world, space in this metaverse is limited, so real estate in this metaverse is valuable. Each unit measures exactly 16 x 16 meters (256 m²) and is marked with the ERC-721 NFT. Each grid can be seen at the joints in the metacosm. Even though each parcel of land is the same and larger, the different prices of the items can still be calculated thousands of times.

to the right

Decentraland is also one of the growing companies that use self-regulatory processes (DAO) to implement management decisions.

DAO stands for Decentralized Autonomous Organization, and is often referred to as a Decentralized Autonomous Organization that can overthrow a business. -Merging The main difference is that the DAO does not have a central government (the powerful, not the elite) to start. ideas. .

As a result, MANA token holders have been involved in the development of the global Decentraland. Announcing the update policy and voting on the specific theme of the current LAND competition will directly affect changes in the future meta-world.

industry

In addition to providing a platform for content creation in the virtual world, many Decentraland users are already familiar with the process of monetizing their land through rent, advertising, and payments. Ponzi schemes are no different. Likewise, other users receive MANA tokens by creating and selling products in the Decentraland industry, or by selling their own NFTs on third party websites (like OpenSea) for cash.

Decentraland has created a 3D virtual world that MANA can use and store, but in reality, Decentraland is very effectively destroying consumer products if users only need the internet and flight gear to fly anywhere. (desktop computer, laptop computer). meta-universe. And this course is completely free. Decentraland will not support mobile device access at this time, but given the sheer number of Axie users on mobile devices, it is only a matter of time before Decentraland finally launches the product.

Project history and founders

Decentraland was formed by two Argentines, Ari Meilich and Esteban Ordano, but both said they would not be involved in the management and development of the project. But it is also useful for Decentraland to be a project consultant.

Ariel Meilich previously served as Managing Director of Decentraland from 2017-2020. He is considered a successful 'serial entrepreneur' and has developed many other startups including online language translation and client management agencies. (CRM). ) the platform. He also worked as an analyst at Charles River Ventures, an American venture capital firm in Silicon Valley.

Esteban Ordano, meanwhile, is the former director of Decentral, an unknown cryptocurrency, and has also worked as a software engineer for BitPay and as a consultant for Matic Network and others. He also runs his own smart contract company, Zeppelin Solutions, an American blockchain technology company.

Although the two founders have not yet carried out this work, the renovation of Decentraland is still in progress and is now being carried out by the non-profit Decentraland Foundation.

MANA and land tokens

Decentraland was launched in 2017 after achieving an ICO of $ 24 million. The Meta Universe platform started releasing beta versions in 2019 and will be released for testing in February 2020. Since then, users have been able to create multiple locations in their region, including chat games, epic 3D models and many others. creative themes.

Decentraland generally uses two types of tokens. Mana and Earth. MANA is an ERC-20 token that must be destroyed to purchase land (NFT). MANA tokens can also be used to cover avatars, character devices, names, etc. in the Decentraland Marketplace, and more points will be created in the future to support the meta-universe scene.

According to data published on the internet, 40% of all MANA advertisements during the ICO (Initial Coin Offering) in 2017 were used for public sale. Additionally, 20% is reserved as a gift to the community, an additional 20% goes to the dev team and other early advocates, and an additional 20% is held by Decentraland Vault. Tokens currently held by the project will not participate in the tour.

Why can MANA attract more transport and money?

One of the reasons why a platform like Decentraland could be so important in the next improving era of the gaming industry. They all use blockchain technology as the basis for developing new games and have a stable business model. , allowing players to buy virtual treasures or in-game items. Play this game with their tokens and allow players to earn money by interacting. Bring the tokens you need into the game. In the future, Decentraland may also issue a buyout that allows users to resell digital assets to developers in exchange for non-gaming products (cryptocurrencies etc.). In this way, game content developers can make money by selling their work, and gamers can benefit from it as well.

A good crypto project isn't a game that just prints a lot of coins and sells them stupidly, and developers need to create an environment around it. And you need to make sure that the actors, partners and developers have enough confidence in this project and are ready to invest in it regardless of the time, energy, value of available equipment or intelligence. This is why most programs focus on creating and working in a community rather than on profitability. They understand that the community is stronger than the numerical value of the token.

Starting a network of value and profit for a small currency game business is a prerequisite for creating a value miracle. At the same time, if the project is profitable and the communities are strong enough, the demand, market value and value of cryptocurrency products can continue.

One of the main reasons why the Meta or Facebook Decentraland candidate receives so much attention is their ability to change all the rules of the online game. With Decentraland, every player can be called a content creator, and it's up to the player to decide what content to place on the platform. Users can buy rare earth NFTs to take advantage of part of the world and bring users to a natural platform. For example, maybe this is the reason why Barbados is considering creating digital media in Decentraland.

Bittei previously reported that the Caribbean island nation of Barbados (Barbados) has signed an agreement with the Department of Foreign Affairs and Trade of Decentraland, a popular crypto-meta-space project, to create a digital version of the embassy. The government is also finalizing cooperation agreements with metaverse platforms such as Somnium Space and Superworld. Many projects support the identification and purchase of land, the construction of virtual embassies and consulates, the development of service facilities such as "electronic visas" and the construction of "carriers" that allow regulars to replace the avatars of others. meta-universe. This will make Barbados the first country in the world to recognize digital governance, and a virtual organization will be launched in January 2022.

Facebook changed the name of the crypto branch from Metaverse to Meta, putting it in the public eye, and Decentraland (MANA) is one of them. If Meta's Metaverse can be completed, crypto-native operations such as Decentraland (MANA) or Axie Infinity (AXS) will benefit and exit from the new launch.

Tim Sweeney, CEO of popular gaming platform Epic Games, once predicted that the metasite industry would be a multi-million dollar business (this prediction may still be too hard to watch). . the latter is estimated at nearly 90,000 billion US dollars (Lao Huang and his Nvidia would have a huge market). There are plenty of bubbles on the edge of the meta-market now, but in the long run, if you're interested in believing in the history of the meta-world and where the future unfolds, you can join the present. also write an endless life.