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Decentraland MANA

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$1.05 -12.4%
Market Cap
$1.57B (#37)
Supply
1.51B / 2.19B
Price
52W High price $5.20
52W High date 26th Nov 2021 (5 months ago)
All Time High (ATH) Date 25th Nov 2021 (5 months ago)
ATH Price $5.85
% From ATH -78.91%
All Time Low (ATL) Date 31st Oct 2017 (4 years ago)
ATL Price $0.009236810000
% From ATL 13257.31%
Supply & Trading Volume
Volume (24h) 369.17M
Total Supply 2.19B
Max Supply 2.19B
Circulating Supply 1.51B
Description

Decentralized is this crypto-based virtual world that uses its own cryptocurrency known as MANA to allow you to purchase outfits, virtual scenes, or even land parcels in-game. The Decentraland world is huge, and it’s a showcase of how Non-Fungible Tokens can be implemented.

Decentralized is this crypto-based virtual world that uses its own cryptocurrency known as MANA to allow you to purchase outfits, virtual scenes, or even land parcels in-game. The Decentraland world is huge, and it’s a showcase of how Non-Fungible Tokens can be implemented.

This is essentially a 3D world built on blockchain which is governed by a decentralized autonomous organization (DAO) and lets you explore and build in an open world, while also having the ability to socialize. The unique aspect of this game is the fact that it is split up into units of LAND, which are its NFTs.

The MANA Token Explained

Through the usage of the MANA token, you can purchase in-game items, LAND, and other customizable items. It is built on Ethereum with the ERC20 standard for tokens, and can be bought or sold for FIAT currency alongside any other cryptocurrency, and can be stored in a cryptocurrency wallet.

Features of Decentraland

Discussing the LAND of Decentraland, each LAND parcel is 16x16 meters in size and is represented by an NFT (Non-Fungible Token). This can essentially be seen as a unit of data on the blockchain itself that is unique and not interchangeable. Keep in mind that the total number of parcels is capped at 90,000, and the developers of the project own the common spaces, which cannot be bought or sold by users. However, this scarcity is one of the main drivers of value in LAND.

When it comes to making changes to Decentraland, they are enacted through a collection of blockchain-based smart contracts. These allow participants that own MANA to vote on the policy updates, land auctions as well as new developments.

The consensus layer maintains a ledger that tracks the ownership of each land parcel, and each LAND has a unique coordinate on this virtual world, where an owner and a reference to a description file that represents the content is within the parcel.

This includes various files that are required to render each parcel, such as content files, with reference to all of the static audio as well as visuals, script files, that define the placement as well as the behavior of the referenced content, as well as the interaction definition which works through a peer-to-peer network to allow for interactions such as gesturing, voice chat and messaging.

Founders of Decentraland (MANA)

Discussing the founders of Decentraland, it actually has two of them.

First, we have Ariel Meilich, and then we have Esteban Ordano. Both of them have stepped down from major positions surrounding the project, however, they work alongside the project as advisors.

The unique aspect about Ariel Meilich is the fact that he worked as a project lead on Decentraland between 2017 to 2020, and he has also founded several other startups.

The unique aspect about Esteban Ordano is the fact that he worked as a former teacher lead at Decentraland, and has a long history in the cryptocurrency space. In fact, he worked as a software engineer at BitPay, Inc, and was actually an advisor to the Matic Network. He also co-founded Zeppelin solutions.

1.1 Insights (beta)

MANA/USDT

Momentum

The Moving Average Crossover Divergence indicator was triggered. In the past, similar indications led to a median price increase of 72.17%, over the following 90 days.

MANA/USDT

A marubozu candlestick pattern was detected. In the past, similar indications led to a median price increase of 10.72%, over the following 14 days.

MANA/USDT

A closing marubozu candlestick pattern was detected. In the past, similar indications led to a median price increase of 16.62%, over the following 14 days.

MANA/USDT

A belt-hold candlestick pattern was detected. In the past, similar indications led to a median price increase of 49.44%, over the following 90 days.

MANA/USDT

A long line candle candlestick pattern was detected. In the past, similar indications led to a median price increase of 408.19%, over the following 200 days.

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2. Price

MANA/USD

2.1. Market Performance

How does Decentraland's (MANA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-45.1%

MANA

-40.9%

Similar Market Cap

60 Day Return

-47.4%

MANA

-38.2%

Similar Market Cap

1 Year Return

-3.5%

MANA

8.5%

Similar Market Cap

3. Developer Activity

We're monitoring 264 Decentraland GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Decentraland Repos)

Commits vs. The Market

  • Past 4 weeks: 522 commits vs. an average of 4
  • Past 12 weeks: 1,643 commits vs. an average of 31
  • Past year: 6,427 commits vs. an average of 496

Most Active Repos

Past week 38
Past 12 weeks 124
Past year 873
Past week 55
Past 12 weeks 166
Past year 830
Past week 0
Past 12 weeks 26
Past year 681
Past week 0
Past 12 weeks 0
Past year 602
Past week 23
Past 12 weeks 115
Past year 461
Past week 0
Past 12 weeks 67
Past year 400

Top Developers 2022

In total, 735 developers have contributed to Decentraland over the past year. Who are the most active Decentraland developers, by commits, over the past year?

Related Projects

Developers working on Decentraland also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 87,425
Active Reddit Users (past 24h) 70
Discord users
Active Discord Users
Telegram Users
Twitter followers 623,786
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Decentraland?

Funding Rounds

Decentraland has raised $25.5M across 3 funding rounds, between August 2017 and January 2020.

Amount / Round Date Investors
- / - 2 years ago 1
$500,000.0 / Seed 3 years ago 1
$25.0M / ICO 4 years ago 7
- / - 2 years ago 1
$500,000.0 / Seed 3 years ago 1
$25.0M / ICO 4 years ago 7
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://decentraland.org/
Explorer https://etherscan.io/token/0x0f5d2fb29fb7d3cfee444...
Twitter @decentraland
reddit /r/decentraland

What is the correct contract address for Decentraland?

0xe469960b138abbfd4c82147393e955c537bb6b54
Sora 0x00449af28b82575d6ac0e8c6d20e095be0917e1b0eaa63962a1dc2c6b81c2b0d
Ethereum 0x0f5d2fb29fb7d3cfee444a200298f468908cc942
Polygon-pos 0xa1c57f48f0deb89f569dfbe6e2b7f46d33606fd4

Has Decentraland been audited for security?

No security audits found for this project.

Are you the owner of Decentraland? Edit it here

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