Decentraland

When Zuckerberg changed his company’s name to Meta, everything related to the metaverse skyrocketed, including MANA, Decentraland’s token.

Decentraland is a virtual reality platform running on Ethereum. Players in this 3D virtual world rely on crypto-based assets to buy or sell land and objects, and this platform has developed its own currency known as MANA.

Users can buy and sell digital real estate using MANA while exploring, interacting and playing within this virtual world.

What is Decentraland (MANA)?

The Decentraland universe was created based on Blockchain technology, more precisely on the Ethereum network. Those responsible for creating this environment are programmers Esteban Ordano and Ari Meilich, who thought of this metaverse to enable the negotiation of digital assets and real estate packages, in addition to other types of interactions, such as challenges, games, art exhibitions and asset negotiations and properties.

All these trades happen through the MANA token. In addition to serving as a digital currency, it also functions as a governance token, enabling holders to participate in decisions, based on a DAO framework.

Importance of DAO system for Decentraland MANA

One of the main responsible for making the Decentraland universe work and be used by users, players, investors and crypto enthusiasts is the DAO system.

DAO is the acronym for Decentralized Autonomous Organization. The purpose of a DAO is to allow the rules of use and policies of a universe or game to be defined and registered on the Blockchain, through smart contracts. To this end, token owners can vote and opine on these directions.

Therefore, the DAO system is fundamental for us to understand the concept of metaverse and decentralized finance. After all, there is no regulatory or rules-setting body in the Decentraland structure.

What is Decentraland (MANA)?

The Decentraland universe was created based on Blockchain technology, more precisely on the Ethereum network. Those responsible for creating this environment are programmers Esteban Ordano and Ari Meilich, who thought of this metaverse to enable the trading of digital assets and real estate packages, in addition to other types of interactions, such as challenges, games, art exhibitions and asset negotiations and properties.

All these trades happen through the MANA token. In addition to serving as a digital currency, it also functions as a governance token, enabling holders to participate in decisions, based on a DAO framework.

Importance of DAO system for Decentraland MANA
One of the main responsible for making the Decentraland universe work and be used by users, players, investors and crypto enthusiasts is the DAO system.

DAO is the acronym for Decentralized Autonomous Organization. The purpose of a DAO is to allow the rules of use and policies of a universe or game to be defined and registered on the Blockchain, through smart contracts. To this end, token owners can vote and opine on these directions.

as a basis for actions and the new possibilities of using this environment.

Regarding usage, we can highlight the following points:

Interaction with other users: through technologies such as augmented reality devices it is possible to interact with other users, create communities and meetings in this environment.

Ownership: One of the pillars of the metaverse concept is the ability for people to own property within the digital universe. Decentraland allows this by making users own land and assets that can be valued within that environment.

Space for advertising: the eyes of advertisers and advertisers are already focused on the universes of virtual reality. With the growing number of users, the interest in establishing content, materials and spaces to promote products and services in these spaces also grows.