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One article to understand what MANA coins are and which country MANA coins are from
In the virtual realm of Decentraland, MANA coins serve as the economic backbone, empowering users with land ownership, governance, and the means to transact within this 3D metaverse.
Oct 06, 2024 at 09:29 pm
Understanding MANA Coins: A Comprehensive Guide
1. What are MANA Coins?
MANA is a cryptocurrency used within the Decentraland metaverse, a virtual 3D world where users can interact, create content, and engage in economic activities.
2. Purpose of MANA Coins
MANA serves several functions within Decentraland:
- Land Ownership: Users can purchase plots of virtual land (LAND) using MANA, granting them ownership and the ability to develop and manage their properties.
- Governance: MANA holders have voting rights in the Decentralized Autonomous Organization (DAO) that governs the metaverse, allowing them to participate in decision-making and influence the platform's development.
- Transactions: MANA can be used to purchase goods and services within Decentraland, including avatars, wearables, and other digital assets.
3. Value Proposition
The value of MANA coins lies in the increasing scarcity of virtual land within Decentraland. As the metaverse grows in popularity, the demand for LAND will increase, driving up the price of MANA.
4. Supply and Market Cap
- Total Supply: 2,193,972,785 MANA
- Circulating Supply: 1,853,664,320 MANA
- Market Cap: Over $1.2 billion (as of November 2022)
5. Country of Origin
Decentraland and MANA coins are based in Argentina. The platform was founded by a team of Argentine developers led by Ariel Meilich and Esteban Ordano.
6. Conclusion
MANA coins are an integral part of the Decentraland metaverse, enabling land ownership, governance, and transactions. With the increasing popularity of virtual worlds, MANA is poised to play a significant role in shaping the future of the internet and digital economies.
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