What is Decentraland?

Sep 13, 2022
3 min read

This blog post will cover:

  • What is Decentraland?
  • Where did Decentraland come from?
  • What are the advantages of Decentraland?
  • What are the disadvantages of Decentraland?
  • How to buy Decentraland on SimpleSwap?

What is Decentraland?

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 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?

  • 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?

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

How to buy Decentraland 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:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select MANA in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient's Address. MANA will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

Thank you for your interest in SimpleSwap and MANA cryptocurrency. See you soon!

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