As individuals spend a lot of time in virtual worlds for business and recreation, large centralized companies regulate network regulations and content flow. In exchange, the authors and developers get paid relatively little. Is Decentraland safe to invest in 2022? Read the post to get the answer.
To address this, Decentraland provides a distributed infrastructure for people to congregate, exchange content, and play games, as well as allowing artists to get the full value of their labor. Advertisers may promote their branding on the site, and artists can put up virtual exhibitions for their digital paintings, among other things.
What is Decentraland?
Decentraland is a 3D VR platform that allows users to develop and sell content and apps. Decentraland is built on the Ethereum blockchain and intends to create a network that is controlled by its members while also providing an interactive experience. Users may buy virtual pieces of land on the platform, which is a shared metaverse.
A metaverse is a public virtual world in which users may communicate, socialize, learn, and play. In a nutshell, Decentraland is a decentralized universe where users may explore LAND owned by other users, interact with sceneries and constructions, exchange virtual assets, and communicate.
When it comes to gameplay, each user must build an avatar before entering the virtual world. Avatars may be customized; users can modify their body type, shoes, and accessories, among other things. There are several activities available in the virtual world, such as engaging with other players, touring casino areas, listening to music, attending parties with other gamers, or just traveling.
Decentraland was developed by the creators using scenes that are exhibited one after the other. A scene in this game is an experience and a mini-world in which the players can go from one scene to the next.
What is MANA?
MANA token is Decentraland’s in-game money as well as the platform’s cryptocurrency. MANA is an ERC-20 token that allows users to buy or sell LAND as well as pay for products and operations in the virtual environment. Through the Decentraland Platform, the token may be used to acquire estates, characters, wearables, and exclusive names. Decentraland provides a complete marketplace that is the go-to location for trading and managing all on-chain assets.
What Makes Decentraland Unique?
Decentraland was designed for content producers, enterprises, and individuals seeking a new artistic medium, financial opportunity, or source of amusement.
The Decentraland gameworld dubbed the “Metaverse,” is split into 90,601 distinct parcels of LAND, each denoted by an ERC-721 NFT. Each LAND is precisely 16m × 16m (256 sq m) and may be discovered in the Metaverse at a certain position.
Though LAND owners are free to create their plot any way they see fit, much of the Metaverse is grouped into various districts, each with its size and concept. These districts were created by separate MANA token crowd sales, and LAND units in these areas cannot be exchanged.
Decentraland is also one of an increasing number of initiatives that employ a decentralized autonomous organization (DAO) framework for governance choices. As a consequence, MANA toker owners have a say in how the Decentraland world operates, including proposing and deciding on policy changes, the specifics of forthcoming LAND auctions, and the sorts of content permitted in the Metaverse.
Many Decentraland users presently monetize their LAND by leasing, marketing, and paid activities, in addition to being a creative outlet. Similarly, other users earn money by making and selling things on the Decentraland platform in exchange for MANA tokens.
Is Decentraland Safe to Invest in 2022?
Is Decentraland safe to invest in 2022? Yes, according to our price prediction, a long-term increase is projected; the Decentraland price forecast for 2027 is $15.23. The revenue is predicted to be roughly +368.1 percent after a 5-year investment, making it a successful investment.
When invested after extensive market research, MANA cryptocurrency might turn out to be a winning investment given the ascent of virtual reality and the Metaverse. To prevent losing money unnecessarily, crypto traders must use extreme caution while investing in this cryptocurrency.
The MANA token is expected to achieve an average value of $5.1 by 2022, according to market projections. According to the Decentraland estimate, the average value will reach $12 in 5 years.
MANA Price Statistics
|24h Low / 24h High||$2.76 /
|Volume / Market Cap||0.1814|
|Fully Diluted Market Cap||$5,167,178,414.89
MANA Price Prediction 2022 – 2030
|Year||Minimum Price||Average Price||Maximum Price|
Analyzing MANA coin future forecasts for the near term predicts that the value will hit a peak of $6 in 2023, with the average price trading over $4 in one year. MANA coin forecasts a short-term rise from its current position, climbing $3.9 in the first quarter of 2022 and $10 in the first quarter of 2025, boosting the Decentraland current price by 23% and 215 percent, respectively.
While things are looking up for Decentraland value in the nearish term, as predicted by Decentraland cryptocurrency price prediction, investors may anticipate good profits. MANA has the potential to reach new peaks in the future, making it a valuable and fresh addition to your investment for a decent return.