Get a better idea of what to HODL and what to let go
Decentraland is a virtual reality platform using the Ethereum blockchain. Users can create, experience, and monetize content and applications. MANA is the native token for all transactions on the Decentraland platform.
Decentraland uses two tokens: MANA and LAND. A percentage of the token is burned every time someone buys an NFT.
The NFTs can be virtual land, digital clothing for your avatar, or interactive installations sold as an NFTs.
In addition to burning or spending MANA in exchange for LAND, users can trade MANA with other users in exchange for goods and services hosted within Decentraland.
Users purchase plots of land in the Decentraland virtual world they can later utilize, build upon and monetize. The platform launched its closed beta in 2019 and opened to the public in February 2020.
Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games,…