$0.41
1H
-0.25%$0.0010
24H
-2.94%$0.0123
7D
-16.0%$0.0775
30D
-14.8%$0.0709
Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.
In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.
Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.
The SEC has filed lawsuits against Coinbase and Binance, categorizing numerous cryptocurrencies, including Chiliz, Flow, Dash, and Near, as securities, further solidifying its aggressive stance on crypto regulation.
Ahead of its rumored June release, the Apple metaverse mixed-reality headset is touted to be an industry leader.
Crypto investors continue to have faith that initiatives such as Aave (AAVE) and Decentraland (MANA) may yield them gains in 2023. However, experts believe that those gains may pale in comparison to Yachtify.
As the cryptocurrency market continues to face turbulent times, investors are looking for promising projects that can withstand uncertainty.
The MetaPoint exploit once again casts doubt on the fortification of blockchain technology after the platform lost more than 2,500 BNB.