What is Decentraland (MANA)?

Decentraland (MANA) is an ERC token of a decentralized virtual reality platform Decentraland. It is built on the Ethereum blockchain and is used to pay for goods and services in Decentraland. Decentraland was founded by Ariel Meilich and Esteban Ordino for digital content creators, players, and artists and was launched after an initial coin offering (ICO) of MANA in 2017. The users of Decentraland can buy and sell digital real estate by monetizing their created content. Along with MANA tokens, Decentraland also uses LAND tokens which are generated by the burning of MANA tokens. The maximum supply of MANA tokens is fixed, which is 2.6 billion MANA.

How does Decentraland (MANA) work?

Decentraland provides an infrastructure combining virtual reality with blockchain technology. The platform consists of three main layers. First is a consensus mechanism that tracks the ownership of its LAND and other digital assets through smart contracts. Then comes a layer for a decentralized distribution system of rendering content in the virtual world. Last is a peer-to-peer network for user interaction.

Its token, LAND, is an NFT that defines the ownership of land slots present in the virtual world of Decentraland, whereas its native token, MANA, acts as a platform currency to facilitate the purchases of LAND and virtual goods and services. There also exists the Decentraland DAO for the decision-making of MANA and LAND holders. The holders of MANA can vote directly on the policies of the platform. Users can sell and buy their Decentraland digital assets on the marketplace of Decentraland by using MANA as a cryptocurrency.

How to Buy Decentraland (MANA) in India?

There are many platforms where you can invest and trade Decentraland (MANA) in India.

One such platform is Flitpay. To buy Decentraland (MANA) in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, make sure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy Decentraland (MANA) and execute the Decentraland (MANA) purchase.

You can instantly convert your INR to Decentraland (MANA) and Decentraland (MANA) to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

FAQs

What is Decentraland (MANA)?
Decentraland (MANA) is an ERC token of the virtual world of Decentraland. It acts as the currency for all the activities associated with this platform, including the monetization of LAND and other virtual goods.

What is the Decentraland (MANA) price in India?
Check out the current INR price of MANA tokens in India on Flitpay.

Which is the best platform to buy Decentraland (MANA) in India?

The best crypto exchange in India to buy MANA or your favorite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the Benefits of Decentraland (MANA)?
Decentraland (MANA) is an essential part of the digital world of Decentraland because it lets the users and holders make a purchase or trade LAND and pay for its virtual goods and services in the virtual world. The voting for changes in the functioning of Decentraland can also be done by the holders of this token.

Is it safe to invest in Decentraland (MANA) in India?
Yes, investing and trading in Decentraland (MANA) is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges to invest in MANA. It offers the most real-time prices and advanced investing features.

Is Decentraland (MANA) a Good Investment?
With the advent of the popularization of the metaverse and virtual assets, the significance and price of MANA can increase in the upcoming years. But cryptocurrencies can be highly volatile at times; hence one needs to be careful while making any investment decision.