MANA is the utility token of Decentraland, a blockchain-powered 3D metaverse built on Ethereum where users purchase virtual land parcels (LAND) and digital assets such as wearables using MANA. Within this open and decentralized platform, users can create custom experiences, engage in commerce, monetize content, and participate in community governance through DAO voting. MANA plays a central role in powering the platform’s economy, ownership structure, and decision-making process. MANA is an ERC-20 token running on the Ethereum network, which means it uses Proof of Stake (PoS) as its consensus mechanism since Ethereum transitioned from Proof of Work during The Merge.
MANA has a capped maximum supply of approximately 2.19 billion tokens, with around 1.90 billion currently in circulation. The token model includes a burn mechanism, where portions of MANA are permanently removed from supply whenever users purchase LAND or NFTs. This deflationary effect introduces long-term scarcity and helps regulate value over time.
One of the most vibrant aspects of Decentraland is its evolving virtual fashion scene. Wearables – digital clothing and accessories for avatars – have become a form of expression and a marketing tool for metaverse projects and NFT collections. These items are often valued more for their rarity and visual appeal than for any functional utility. As such, the virtual fashion economy within Decentraland has emerged as a unique ecosystem, where design, exclusivity, and social status contribute to how digital items are perceived and traded. Remember to always buy MANA and other cryptocurrencies through regulated platforms like Safello.
The value of MANA is shaped by a range of interconnected elements. Its fixed supply, combined with token burning through LAND and NFT purchases, creates a deflationary pressure that may support price stability over time. Demand is largely driven by activity on the platform – from land auctions to NFT trading – where MANA is required for transactions and participation. Governance through the Decentraland DAO also plays a role, as token holders vote on proposals that can influence the platform’s direction and attractiveness. Broader market trends, regulatory developments, and the evolution of the metaverse as a concept all further impact how MANA is priced and perceived. The ability to buy and sell MANA on a wide range of exchanges, combined with its role in a rapidly growing ecosystem, also makes the cryptocurrency an attractive digital asset from a long-term perspective.
MANA's connection to Decentraland
The MANA price is closely tied to Decentraland and acts as the driving force behind transactions, content creation, and governance within the platform. Whenever users purchase LAND or wearables, MANA is used as the payment currency – and a portion of it is burned, reducing the total supply and fueling the platform’s economy. The token also grants holders voting power in DAO-based governance, allowing them to influence development decisions, rules, and priorities. In this way, MANA connects the financial, creative, and decision-making layers of Decentraland into one cohesive system.
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