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What Is Decentraland?

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Dec 1, 2022
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3 min read
what-is-decentraland

This blog post will cover:

  • About Decentraland (MANA)
  • Where did Decentraland (MANA) come from?
  • What are the advantages of Decentraland (MANA)?
  • What are the disadvantages of Decentraland (MANA)?
  • How to buy Decentraland (MANA) on SimpleSwap?

About Decentraland (MANA)

Decentraland is a virtual reality platform created on Ethereum. In the virtual world, people can purchase land, build it up, share it, and monetize. There are almost no restrictions on what they can do with the land. Decentraland is the first digital platform fully provided to its users. This is a virtual Universe in which, instead of a two-dimensional screen, there is a chance to participate in three-dimensional space as in real life.MANA is a Decentraland cryptocurrency. This is an ERC20 token used to buy land and pay for goods and services on the platform.

Where did Decentraland (MANA) come from?

Despite the fact that the project and its technologies seem very new and unique, the developers began to build the whole machine back in 2015. Back then, the project world was a simple pixel grid that distributed pixels between users thanks to Proof-of-Work technology. Decentraland is a rather unique representative of the blockchain area with few competitors.The Decentraland team is led by Ari Meilich (Project Manager) and Esteban Ordano (technical Manager). Previously, Ordano worked as a software engineer at BitPay and founded Smart Contract Solutions. Both founders also worked on creating Streamium and Bitcore.

What are the advantages of Decentraland (MANA)?

  • Experience
    
    The team certainly has extensive experience in blockchain technology.
  • Visible result
    
    Decentraland is a working project that can be tested by anyone.
  • Major prospects
    
    It seems that the VR market will soon become the most important one in the entertainment industry.

What are the disadvantages of Decentraland (MANA)?

  • Financial shadow
    
    The financial strategy is not shown in public.

How to buy Decentraland (MANA) on SimpleSwap?

MANA is of particular interest to those who are deep in the world of games and virtual reality. If you want to buy the Decentraland crypto, you are welcome to read the detailed instructions below:

  • For example, you want to swap BTC for MANA. Select the currency you want to exchange (e.g. BTC) in the first drop-downlist. Then enter the amount you want to swap.
  • Select MANA in the second drop-down list. You’ll see the estimated amount that you’ll get after the exchange.
  • Click the Exchange button.
  • Enter the Recipient's Address. MANA will be sent. Be careful and make sure you use the correct address.
  • Create the exchange.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to MANA exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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