Decentraland Shoots Up Over 300% With META Launch

Decentraland (MANA) is a cryptocurrency that is used in daily transactions. Its price is up 0.6% over the last 24 hours. Ready Player One is a VR world powered by Ethereum. In Decentraland, users can buy land, build it, and monetize it. Its decentralized nature makes it ideal for everyone. Mana, a cryptocurrency that uses the same concept as buying and selling virtual land, shot up over the weekend. On the evening of October 30, the price of mana reached an all-time high of $4.26, before falling back to $3.16. It had hit an all-time low of $3.16. In its attempt to move away from its usual social platform, Facebook shifted its focus to the realm of the metaverse, which is a kind of shared virtual reality.

0EI8WNLaunched in 2017, mana is a digital token of Decentraland. It enables users to buy and sell virtual properties through a decentralized platform. The head of LUNO exchange, Vijay Ayyar, said that the rise of metaverse coins was being influenced by Facebook’s rebranding. Ayyar said that the concept of a metaverse is starting to reach mainstream consciousness. Other cryptocurrencies, such as those related to blockchain games, have also gained in the past few days.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

Anthony Gonzales has 1706 posts and counting. See all posts by Anthony Gonzales