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Decentraland MANA

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1. Summary

Fundamental Rank
98
Developer Rank
99
Social Rank
98
Coinrank
99
Price
$0.46 -2.5%
Market Cap
$616.22M (#67)
Supply
1.33B / 2.19B
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.

This is essentially a 3D world built on bloc...

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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

-26%

MANA

-22%

Similar Market Cap

60 Day Return

-62%

MANA

-47%

Similar Market Cap

1 Year Return

931%

MANA

327%

Similar Market Cap

3. Developer Activity

We're monitoring 100 Github repos for the Decentraland project.

Commits vs. The Market

  • Past 4 weeks: 610 commits vs. an average of 58
  • Past 12 weeks: 1,944 commits vs. an average of 244
  • Past year: 8,856 commits vs. an average of 1,512

Top Repos by Code Commits

Past week 40
Past 12 weeks 165
Past year 922
Past week 55
Past 12 weeks 123
Past year 844
Past week 13
Past 12 weeks 72
Past year 793
Past week 5
Past 12 weeks 34
Past year 497
Past week 47
Past 12 weeks 163
Past year 477
Past week 0
Past 12 weeks 0
Past year 455
Past week 52
Past 12 weeks 160
Past year 407
Past week 63
Past 12 weeks 121
Past year 281
Past week 50
Past 12 weeks 128
Past year 261
Past week 19
Past 12 weeks 61
Past year 259
Past week 5
Past 12 weeks 47
Past year 231
4. Social Activity
Reddit Subscribers (decentraland) 33,496
Active Reddit Users 108
Telegram Users 0
Twitter followers 142,045
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