What is Decentraland (MANA)? | Decentraland Crypto Explained in Under 60 Seconds

Decentraland (MANA) is a decentralized virtual reality (VR) platform that allows users to create experiences, explore, and monetize their virtual content & applications. The Decentraland Token (MANA) is an ERC-20 token that powers the Decentraland platform, and is used as a form of payment in the Decentraland VR ecosystem.

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MANA tokens can be used to purchase plots of land within the virtual world. The land can then be developed, explored, and even monetized in various ways, iIncluding leasing, advertising and paid experiences.

LAND is a ERC-721 non-fungible token (NFT) that represents the 90,601 individual parcels virtual land available on the platform. LAND is maintained by Ethereum smart contracts.

MANA tokens can also be used to pay for a range of avatars, wearables, names, & more on the Decentraland marketplace. Users can also sell items in the marketplace to earn MANA.

Decentraland uses a Decentralized Autonomous Organizations (DOA) structure for governance decisions, allowing MANA token holders vote on changes to the platform.

WEBSITE: https://decentraland.org/