Decentraland (MANA)USD

Decentraland is a 3D virtual world platform built on the Ethereum blockchain where users can buy, develop, and monetize virtual land and digital assets. Ariel Meilich and Esteban Ordano created the project, conducting an initial coin offering in 2017 to fund development. The platform runs on Ethereum using smart contracts and the ERC-20 and ERC-721 token standards, rather than a separate base-layer consensus mechanism. Virtual land parcels, called LAND, are ERC-721 non-fungible tokens, while the native token MANA is an ERC-20 asset also bridged to Polygon. MANA has three main uses: purchasing LAND parcels, paying for in-world goods and services such as wearables and names, and participating in governance through the Decentraland DAO using wrapped MANA. MANA has a capped maximum supply of approximately 2.19 billion tokens and follows a deflationary model, as tokens are permanently burned when LAND is purchased and a portion of marketplace transaction fees is also burned. Decentraland was one of the earlier blockchain-based virtual world economies, and MANA has been its core currency and governance asset since the 2017 launch.