Decentraland is a virtual world, in which you can buy all sorts of digital items, build houses, visit a casino to win a car, or go enjoy digital art. You start by creating your own avatar, with which you are going to experience Decentraland. In Decentaland’s marketplace you can buy items to make your avatar unique. Think of wearables, like clothes and accessories, and new names.
What makes Decentraland special is that it’s completely blockchain-based. All digital items are non-fungible tokens, tied to an Ethereum address. That means you have full ownership of your items in Decentraland. And the NFTs you trade in Decentraland, appear here (link to Decentraland NFTs) on Coinranking, in the complete list with unique tokens.
In 2015, a group of like-minded friends asked the question: do we want a centralized entity to control the future of virtual reality? Decentraland was the answer. Two years later it was founded, in Beijing, China, by Ari Meilich and Esteban Ordano. Decentraland is completely owned by the users. The ruling is just as its name says; decentralized. “If the Decentraland organization goes away, the world goes on.”
MANA is the native cryptocurrency in Decentraland. It can be used to buy NFTs in Decentraland, like real estate, wearables, and digital art. Unlike Decentraland itself, which is an ERC-721 token, MANA is based on the ERC-20 standard. More MANA information