Explanation of features, future prospects and future potential
Among the many virtual currencies, Metaverse-related virtual currency stocks have been attracting a lot of attention recently.Decentraland (MANA) is one of the most popular Metaverse stocks along with The Sandbox and Everdome.
In this article, we will introduce in detail the overview and characteristics of Decentraland (MANA), as well as future prospects and forecasts.
table of contents
- What is Decentraland (MANA)?
- Characteristics of Decentraland (MANA)
- Metaverse platform built on Ethereum blockchain
- You can own the land (LAND) in the metaverse space yourself
- Supports polygon chain
- Compatible with other metaverse projects (NFT games)
- How to earn Decentraland (MANA)
- Decentraland (MANA) Charts and Price Trends
- Decentraland (MANA) Future Prospects and Forecasts
- Prices can be expected to rise as Metaverse and VR become more popular
- Various companies enter Decentraland (MANA)
- Listing on a new Japanese domestic virtual currency exchange
- How to buy Decentraland (MANA)
- Buy virtual currency such as bitcoin at a domestic crypto asset exchange
- Send the purchased virtual currency to an overseas exchange that handles Decentraland (MANA)
- Buy Decentraland (MANA) on an overseas exchange
- What exchanges in Japan and overseas handle Decentraland (MANA)?
- Is Decentraland/MANA dangerous? About the future
- Decentraland/MANA Q&A
- Can I play Decentraland/MANA on my smartphone?
- What will happen to the price of Decentraland (MANA) in the future?
- How can I buy land in Decentraland/MANA?
What
is Decentraland (MANA)? .jpg "What is the virtual currency Decentraland (MANA)")
.jpg "What is the virtual currency Decentraland (MANA)")
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Virtual currency name |
Decentraland |
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Ticker name |
MANA |
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Market capitalization ranking (as of June 2022) |
32nd place |
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Virtual currency exchange where you can buy |
Binance, Bybit, Coinbase, KuCoin, etc. |
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Official site |
Decentraland (MANA) is a Metaverse project that allows you to play with your own character (avatar) in the Metaverse space.
In addition, the native token used in the game is called MANA, and it is also known as a very popular brand with a market capitalization ranking of 32nd among various virtual currencies.
Since the game itself of Decentraland (MANA) is built on the Ethereum blockchain, all the characters that can be used in the game are converted to NFT, and you can actually buy and sell the acquired items to make money. It is also possible to earn money.
Currently, many companies are participating in the purchase of land in Decentraland (MANA), and it can be said that it is an NFT game that is expected to become even more exciting in the future.
Characteristics of Decentraland (MANA)
Here, we will thoroughly explain the more detailed features of Decentraland (MANA).
We will introduce it in an easy-to-understand manner for those who are not very familiar with virtual currency and NFT games, so please refer to it.
- Metaverse platform built on Ethereum blockchain
- You can own the land (LAND) in the metaverse space yourself
- Supports polygon chain
- Compatible with other metaverse projects (NFT games)
Metaverse platform built on Ethereum blockchain
As I explained a little earlier, Decentraland (MANA) is a Metaverse platform that allows users to freely play with their avatars.
The game content allows you to explore the Metaverse space using your own avatar, obtain items and land, and play.
Another major feature of Decentraland (MANA) is that it not only allows users to play with the content provided by the management side, but also has a "UGC (User Generated Contents)" element that allows users to create new content. I can say
In addition, Decentraland (MANA) is based on the Ethereum blockchain, so the ownership of acquired NFT items is completely on the user's side. I have.
You can own the land (LAND) in the metaverse space yourself
In Decentraland (MANA), not only can you own items and characters in the game, but you can also own land in the metaverse space called LAND.
In the past games, there was no concept that the user could own the land in the game in the first place, so it can be said that it is an epoch-making mechanism in a sense.
In fact, the land of Decentraland (MANA) is very popular, and in November 2021, Tokens.com, a Canadian investment company, became a big topic when it purchased about 300 million yen of LAND.
Canadian investment company Tokens.com announced on the 23rd that it had purchased land worth 288 million yen in blockchain x metaverse space "Decentraland".
Tokens.com is a company that mainly invests in the decentralized finance (DeFi) field, and this time it used Decentraland's native token MANA, 618,000 MANA, to purchase 116 parcels (equivalent to 6,090 square feet) of virtual land. The purchase of virtual land is said to be the “largest ever”.
As mentioned above, the number of cases where land in Decentraland (MANA) will be purchased by investment companies will continue to increase.
Supports polygon chain
Decentraland/MANA will support Polygon chains from 2021.
The Polygon chain is one of the blockchains that runs in parallel with the Ethereum chain.
Compared to the Ethereum chain, the time to record information is faster, and the gas fee (fee) at the time of transaction is cheaper.
With lower gas prices, new users are expected to be acquired and active transactions are expected.
Compatible with other metaverse projects (NFT games)
As a final feature of Decentraland/MANA, we should also mention its compatibility with other NFT games.
This is the same for conventional games, but the specifications of characters and items differ greatly depending on the original game, so it was not possible to use the same characters across games.
However, Decentraland (MANA) has created compatibility with other famous NFT games, and has the feature that some NFTs can be used in other NFT games.
・AxieInfinity
・Etheremon
・Battle Racers
Compatibility with very popular NFT games such as the above is also an advantage of Decentraland (MANA).
How to earn Decentraland (MANA)
How to earn Decentraland (MANA)
- Buy and sell Decentraland (MANA)
- Buy and sell in-game land (LAND) and NFTs
- Host an event in-game
- Make money at the casino
These are the 4 points.
Decentraland (MANA) is a crypto asset (virtual currency), so the price fluctuates daily.
You make a profit by buying when the price is low and selling when the price is high.
Similarly, in-game LAND and NFTs always fluctuate in price.
You can earn Decentraland (MANA) by purchasing land (LAND) and NFTs and selling them to other users on the marketplace.
You can also hold events and open stores on the land you own.
You can earn revenue by holding events and selling goods and NFTs.
There is a casino inside the game and you can play using Decentraland (MANA).
There is gambling, but you can also earn a large amount of money at once.
Decentraland (MANA) Charts and Price Trends
Here, we will check the latest price trends of Decentraland (MANA).
The chart above shows the price of Decentraland (MANA) over the last six months, but as you can see in the image, it has been facing a continuous bear market since December 2021.
The main reason for the continuation of this down market is that the United States has turned from the monetary easing that was being promoted as a countermeasure against corona to a monetary tightening. It takes the form of selling the virtual currency that will be used.
However, it's not that Decentraland (MANA) had bad fundamentals, as this drop is a crash of the entire cryptocurrency market, rather than just Decentraland (MANA).
In addition, recently, we have begun to hear voices that it would not be strange if there was a backlash because virtual currency has reached a level where it has been oversold.
Still, the future is still uncertain, so it can be said that it is necessary to check the latest news in the future.
Decentraland (MANA) Future Prospects and Forecasts
Next, I would like to introduce the future prospects and forecasts for Decentraland (MANA).
The cryptocurrency market is crashing at the moment, but let's take a closer look at what the long-term outlook is.
- Prices can be expected to rise as Metaverse and VR become more popular
- Various companies enter Decentraland (MANA)
- Listing on a new Japanese domestic virtual currency exchange
Prices can be expected to rise as Metaverse and VR become more popular
As for the future outlook for Decentraland (MANA), we can expect the token price to rise as Metaverse and VR become more socially popular.
As of June 2022, the terms "metaverse" and "VR" are becoming more popular, but the number of general users is still small, and it is difficult to say that they are widespread.
However, Facebook, which is also the most famous SNS in the world, has changed its company name to "Meta", and it can be said that the spread of the Metaverse is a fait accompli.
As the hurdles to entry into the Metaverse and VR are lowered, it is quite possible that the number of users who play Decentraland (MANA) will also increase.
Various companies enter Decentraland (MANA)
Looking ahead, we can expect an increase in the number of companies entering Decentraland (MANA).
As I mentioned earlier, in November 2021, the Canadian investment company Tokens.com will purchase approximately 300 million yen of LAND (land).
Also, in the island country of Barbados in the Caribbean Sea, there seems to be a plan to set up a virtual embassy in Decentraland (MANA), and it is expected that not only companies but also countries will enter the Metaverse in the future.
In any case, there is no doubt that the value of Decentraland (MANA) as a platform will increase as the barriers to entry into the Metaverse are lowered.
Listing on a new Japanese domestic virtual currency exchange
As a final prospect for Decentraland (MANA), it is also possible to list it on a virtual currency exchange in Japan.
In fact, in May 2022, it was announced that the native token SAND of "The Sandbox", which provides the same metaverse platform, would be listed on Coincheck, the largest company in Japan.
In this way, even in Japan, Metaverse-related stocks are attracting a lot of attention, and it is quite possible that more people will consider investing in Decentraland (MANA).
If it is decided to be listed on a domestic exchange, we can expect an increase in the price of MANA, a native token.
How to buy Decentraland (MANA)
So far, I have explained the features and future outlook of Decentraland (MANA), but I think there are many people who would like to actually buy it.
Here, we will explain the procedure for purchasing such Decentraland (MANA) in an easy-to-understand manner.
To make it easier for beginners to understand, we will also introduce screenshots of the purchase procedure, so if you don't want to make a mistake, please refer to it.
- Buy virtual currency such as bitcoin at a domestic crypto asset exchange
- Send the purchased virtual currency to an overseas exchange that handles Decentraland (MANA)
- Buy Decentraland (MANA) on an overseas exchange
Buy virtual currency such as bitcoin at a domestic crypto asset exchange
As of June 2022, Decentraland (MANA) is not available on domestic exchanges, so you will need to use an overseas virtual currency exchange to purchase it.
For that reason, let's first purchase virtual currency such as Bitcoin, which is the source of Decentraland (MANA) at a domestic exchange.
Among the many domestic exchanges, DMM Bitcoin is easy to use even for beginners and has a campaign where you can get 2,000 yen for opening a new account, so it is highly recommended for those who are wondering which exchange to use.
Send the purchased virtual currency to an overseas exchange that handles Decentraland (MANA)
After purchasing virtual currency with DMM Bitcoin, let's transfer it to an overseas exchange that handles Decentraland (MANA).
Decentraland (MANA) can be purchased at multiple overseas exchanges, but if you are wondering which exchange to use, Binance, the world's largest exchange, is recommended.
Transaction fees are low, and you can buy more than 600 types of stocks, including Decentraland (MANA), so if you're interested, be sure to check out the official website.
After opening a Binance account, first log in to the management screen and go to the “Fiat and spot” page.
When the screen changes, click "Deposit" of the virtual currency to be transferred from DMM Bitcoin.
When you click it, the remittance address to Binance will be displayed, so enter it on the DMM Bitcoin management screen and perform the remittance procedure.
Depending on the currency to be remitted, if the transaction is not crowded, it will be credited to Binance in a few minutes to a few tens of minutes.
Buy Decentraland (MANA) on an overseas exchange
After completing the remittance from DMM Bitcoin successfully, we will purchase Decentraland (MANA) using the remitted virtual currency.
In order to move to the trading screen, first click "Trade" → "Spot".
When the screen changes, enter "MANA" in the search window on the upper right to switch to the Decentraland/MANA trading screen.
Finally, enter the amount you want to trade and purchase Decentraland (MANA).
This completes the procedure for purchasing Decentraland (MANA).
What exchanges in Japan and overseas handle Decentraland (MANA)?
As introduced in How to Buy Decentraland (MANA), as of June 2022, MANA tokens are not handled on domestic exchanges, so it is necessary to use overseas virtual currency exchanges to purchase them. I have.
Here, among the exchanges where you can purchase Decentraland (MANA), we will introduce three exchanges that are particularly recommended.
- Binance
- Bybit
- Kucoin
Binance
Binance is the world's largest cryptocurrency exchange, handling approximately 600 cryptocurrencies.
Of course, we also have a lineup of Metaverse-related stocks such as Decentraland (MANA), so it is a recommended exchange for those who feel the future of the Metaverse.
In addition to the many stocks that can be purchased, there are also a wide variety of services such as Launchpad (IEO) and staking, so you can use various services with just one Binance account. .
The account itself can be created with an email address, so if you want to start investing in cryptocurrencies in earnest, please take this opportunity to visit the official Binance website.
Bybit
Bybit is one of the world's largest cryptocurrency exchanges based in Singapore.
Bybit is characterized by its good usability, and it is also a major feature that it has a high reputation from users, such as a very easy-to-use transaction screen.
Also, not only is the management screen compatible with Japanese, but you can also receive manned support in Japanese, so it can be said that it is the best overseas exchange to use for the first time.
Security measures are also very strong, so it is a recommended exchange where you can deposit important assets with peace of mind.
Kucoin
Kucoin is one of the world's largest cryptocurrency exchanges based in Hong Kong.
It handles many altcoins, including Decentraland (MANA), and has over 600 types, making it one of the largest in the world.
The transaction fee is low and the management screen is easy to see, so it can be said that it is an exchange that has great advantages in terms of ease of use.
However, there are cases where it has been hacked once in the past, so if you are worried, it may be better to use the aforementioned Binance or Bybit.
Is Decentraland/MANA dangerous? About the future
So far, I have thoroughly explained the overview, characteristics, and future outlook of Decentraland (MANA).
Considering the contents so far, it can be said that Decentraland (MANA) is one of the cryptocurrency stocks with a very promising future.
Currently, there is no boom yet, but it is believed that the use of the Metaverse platform will steadily increase from now on, and in fact Facebook has changed its company name to Meta and is focusing on the development of the Metaverse platform. .
Also, a famous investment company has purchased land in Decentraland (MANA), and it is necessary to pay attention to the current situation where investment activities are steadily proceeding in preparation for future booms.
However, there are many projects that are developing the Metaverse, and it is also true that there will be platforms that will compete with Decentraland (MANA) in the future.
Currently, there is a fierce battle over which project will establish itself as a major metaverse, so those who are considering investing need to check the future trends one by one. .
Decentraland/MANA Q&A
At the end of the article, we will introduce frequently asked questions and answers about Decentraland (MANA).
If you are thinking about investing in Decentraland (MANA) or playing games, why not check it out in detail?
- Can I play Decentraland/MANA on my smartphone?
- What will happen to the price of Decentraland (MANA) in the future?
- How can I buy land in Decentraland/MANA?
Can I play Decentraland/MANA on my smartphone?
Unfortunately, Decentraland/MANA cannot be played on smartphones.
Please access the official website with a browser on your computer and play the game.
What will happen to the price of Decentraland (MANA) in the future?
We cannot predict the exact price of Decentraland (MANA) in the future, but we will introduce the future outlook according to the famous cryptocurrency price prediction site “Price Prediction”.
Of course, I don't know if it will be the price predicted above, but you can see that even major price forecasting sites have a positive opinion of Decentraland (MANA).
How can I buy land in Decentraland/MANA?
In order to purchase land (LAND) in the metaverse space of Decentraland (MANA), it is necessary to prepare the virtual currency MANA.
As introduced in How to Buy Decentraland (MANA), first purchase bitcoin at a domestic exchange, transfer money to an overseas exchange, and then trade the virtual currency MANA.
Once the virtual currency MANA is ready, go to the marketplace on the official website and purchase LAND in the game.
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