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Gameplay
8/10
Investment risk
LOW
Long-term expectations
7/10
PROS
Decentraland Is Among the Major Players in the Virtual Reality World
MANA is also available on Polygon/Matic for low cost transfers
Has the Confidence of the Largest Digital Asset Management Firm
CONS
It is a platform that is still under development and has numerous crashes
The gas prices can be VERY high and expensive to move MANA in eth chain
Risk of exploitation. Decentraland is not exempt from data exploitation. As the DeFi space develops, the number of cyberattacks increases as well. If a malicious actor finds a vulnerability in the protocol, financial and parcels loss is inevitable
Decentraland is a metaverse under the Ethereum network , which seeks to encourage a global network of users to create a shared virtual world. Users can buy, sell and rent digital real estate, exploring, interacting and playing within the virtual world.
Over time the platform evolves by implementing interactive applications, internal payments and communication between users.
Each slot is 16x16 square meters in size and each slot is an NFT . An NFT is a unit of data on the blockchain that represents a unique digital element. NFTs are interchangeable. LANDS can be purchased with MANA, the official cryptocurrency of Decentraland. MANA can be purchased and traded on Coinbase and other platforms such as Binance or Kucoin. The plots are over 92,000 but it is not a fixed cap, the smartcontract is owned by the DAO so if the community wants, more properties can be minted.
Decentraland developers own the common spaces, squares, roads and are not available for purchase or sale by users.
Space is finite, which makes owning real estate very, very valuable.
In Decentraland, community is everything. As with real-life real estate, what makes virtual land valuable is not just where it is positioned within the metaverse, but how you choose to develop it. It also fuels MANA, the digital currency of the video game. It also has an incentive and that is that it is an exciting game, interesting content, digital art to see and new people to interact with or even earn money in the different games of the world.
With MANA you can pay for goods and services in Decentraland. It is built on Ethereum under ERC20. It can be bought and sold for fiat currency or other digital currencies. MANA can be stored in a cryptocurrency wallet and a custodian such as Gemini. MANA's total offering is 2.6 billion MANA.
For sure! You can check their roadmap here : https://decentraland.org/whitepaper.pdf
Gameplay
/10
Investment Risk
/10
Long-Term expectations
/10
BACKGROUND (0/20)
AVATAR (0/59)
RANDOM
Gameplay
/10
Investment Risk
/10
Long-Term expectations
/10