About Decentraland (MANA)
What Is Decentraland (MANA)?
Decentraland is an Ethereum-based virtual world where users can explore scenes, create experiences, and own digital items. MANA is its fungible ecosystem token. It is used for marketplace purchases and participation in the Decentraland economy.
MANA Utility and Tokenomics
LAND parcels and many wearable items are represented by NFTs. MANA can be spent on LAND, names, wearables, and other marketplace assets. Decentraland's DAO governs parts of the ecosystem through proposals and voting power linked to MANA, LAND, and Estate holdings. MANA began with a fixed initial supply, while burns and marketplace mechanics have changed circulating supply over time.
Decentraland Security, Control and Risks
Risks include falling user activity, speculative land prices, smart-contract and marketplace bugs, content moderation disputes, governance concentration, and Ethereum fees. Buying MANA does not provide ownership in the operating organizations.
Frequently Asked Questions About Decentraland
Is MANA a coin or token?
It is an ERC-20 token on Ethereum.
What is MANA used for?
Purchases and ecosystem governance.
Is every Decentraland asset fungible?
No. LAND and wearables are NFTs.
Sources and Verification
Official sources
- Decentraland Active
- Decentraland documentation Active
- MANA and wallets Active