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Decentraland MANA

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$3.84 +17.7%
Market Cap
$5.10B (#32)
Supply
1.33B / 2.19B
Price
52W High price $5.20
52W High date 26th Nov 2021 (1 week ago)
All Time High (ATH) Date 25th Nov 2021 (1 week ago)
ATH Price $6.00
% From ATH -34%
All Time Low (ATL) Date 31st Oct 2017 (4 years ago)
% From ATL 41433%
Supply & Trading Volume
Volume (24h) 2.16B
Total Supply 2.19B
Max Supply 2.19B
Circulating Supply 1.33B
Description

Decentralized is this crypto-based virtual world that uses its own cryptocurrency known as MANA to allow you to purchase outfits, virtual scenes, or even land parcels in-game. The Decentraland world is huge, and it’s a showcase of how Non-Fungible Tokens can be implemented.

Decentralized is this crypto-based virtual world that uses its own cryptocurrency known as MANA to allow you to purchase outfits, virtual scenes, or even land parcels in-game. The Decentraland world is huge, and it’s a showcase of how Non-Fungible Tokens can be implemented.

This is essentially a 3D world built on blockchain which is governed by a decentralized autonomous organization (DAO) and lets you explore and build in an open world, while also having the ability to socialize. The unique aspect of this game is the fact that it is split up into units of LAND, which are its NFTs.

The MANA Token Explained

Through the usage of the MANA token, you can purchase in-game items, LAND, and other customizable items. It is built on Ethereum with the ERC20 standard for tokens, and can be bought or sold for FIAT currency alongside any other cryptocurrency, and can be stored in a cryptocurrency wallet.

Features of Decentraland

Discussing the LAND of Decentraland, each LAND parcel is 16x16 meters in size and is represented by an NFT (Non-Fungible Token). This can essentially be seen as a unit of data on the blockchain itself that is unique and not interchangeable. Keep in mind that the total number of parcels is capped at 90,000, and the developers of the project own the common spaces, which cannot be bought or sold by users. However, this scarcity is one of the main drivers of value in LAND.

When it comes to making changes to Decentraland, they are enacted through a collection of blockchain-based smart contracts. These allow participants that own MANA to vote on the policy updates, land auctions as well as new developments.

The consensus layer maintains a ledger that tracks the ownership of each land parcel, and each LAND has a unique coordinate on this virtual world, where an owner and a reference to a description file that represents the content is within the parcel.

This includes various files that are required to render each parcel, such as content files, with reference to all of the static audio as well as visuals, script files, that define the placement as well as the behavior of the referenced content, as well as the interaction definition which works through a peer-to-peer network to allow for interactions such as gesturing, voice chat and messaging.

Founders of Decentraland (MANA)

Discussing the founders of Decentraland, it actually has two of them.

First, we have Ariel Meilich, and then we have Esteban Ordano. Both of them have stepped down from major positions surrounding the project, however, they work alongside the project as advisors.

The unique aspect about Ariel Meilich is the fact that he worked as a project lead on Decentraland between 2017 to 2020, and he has also founded several other startups.

The unique aspect about Esteban Ordano is the fact that he worked as a former teacher lead at Decentraland, and has a long history in the cryptocurrency space. In fact, he worked as a software engineer at BitPay, Inc, and was actually an advisor to the Matic Network. He also co-founded Zeppelin solutions.

2. Price

$MANA / USD

2.1. Market Performance

How does Decentraland's (MANA) performance compare to assets of a similar market capitalization?

30 Day Return

52.9%

MANA

14.6%

Similar Market Cap

60 Day Return

389.4%

MANA

188.4%

Similar Market Cap

1 Year Return

4,452.9%

MANA

3,934.9%

Similar Market Cap

3. Developer Activity

We're monitoring 206 Decentraland Github repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in Github's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Decentraland Repos)

Commits vs. The Market

  • Past 4 weeks: 472 commits vs. an average of 31
  • Past 12 weeks: 1,202 commits vs. an average of 124
  • Past year: 6,738 commits vs. an average of 860

Most Active Repos

Past week 38
Past 12 weeks 124
Past year 873
Past week 55
Past 12 weeks 166
Past year 830
Past week 0
Past 12 weeks 26
Past year 681
Past week 23
Past 12 weeks 115
Past year 461
Past week 0
Past 12 weeks 67
Past year 400
4. Social Activity
Reddit Subscribers 65,737
Active Reddit Users (past 24h) 323
Telegram Users 0
Twitter followers 356,126
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://decentraland.org/
Explorer https://etherscan.io/token/0x0f5d2fb29fb7d3cfee444a200298f468908cc942
Twitter @decentraland
reddit /r/decentraland
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