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 Guide1. 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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

White House Brokers Peace: Crypto, Banks, and the Future of Finance
2026-01-31 18:50:01
Rare Royal Mint Coin Discovery Sparks Value Frenzy: What's Your Change Worth?
2026-01-31 18:55:01
Pi Network's Mainnet Migration Accelerates, Unlocking Millions and Bolstering Pi Coin's Foundation
2026-01-31 18:55:01
Lido's stVaults Revolutionize Ethereum Staking for Institutions
2026-01-31 19:25:01
MegaETH's Bold Bet: No Listing Fees, No Exchange Airdrops, Just Pure Grit
2026-01-31 19:20:02
BlockDAG Presale Delays Raise Questions on Listing Date Amidst Market Scrutiny
2026-01-31 19:15:01

Related knowledge

How to understand gas wars and set priority fees? (Minting strategy)

Jan 29,2026 at 11:00am

Understanding Gas Wars in the Context of NFT Minting1. Gas wars occur when multiple users compete to have their transactions confirmed first on Ethere...

How to buy real estate using NFTs? (RWA tokenization)

Jan 29,2026 at 07:19am

Understanding Real Estate NFTs1. Real estate NFTs represent ownership stakes in physical properties through blockchain-based tokens. 2. Each NFT is mi...

How to participate in NFT raffles and giveaways? (Premint guide)

Jan 29,2026 at 11:39pm

Understanding NFT Raffle Mechanics1. NFT raffles operate as on-chain lotteries where participants submit entries during a defined window, often by con...

How to set up an NFT gallery in a virtual world? (OnCyber tutorial)

Jan 28,2026 at 07:19am

Understanding Virtual World Infrastructure1. Virtual worlds like Decentraland, Somnium Space, and OnCyber rely on blockchain-based land ownership, whe...

How to bridge NFTs across different blockchains? (Wormhole guide)

Jan 29,2026 at 05:20am

Understanding Cross-Chain NFT Bridging1. NFTs are inherently tied to the blockchain where they are minted, making them non-transferable by default acr...

How to spot wash trading in NFT collections? (Volume analysis)

Jan 30,2026 at 09:20am

Volume Distribution Patterns1. A small number of wallets consistently account for over 70% of total trading volume across multiple floor price transac...