Buy Decentraland (MANA)

Reasons to Buy Decentraland (MANA)

• MANA is the native token of one of the most significant metaverse projects in the world – Decentraland.
• Decentraland has a lot of institutional backing, with prominent names like Grayscale backing the project.
• MANA crypto has returned more than 5300% of its value to investors in the past year.
• Experts believe that the potential of the metaverse concept has only just started gaining traction. As more research and development occurs in this space, MANA will rally significantly from its current juncture.

MANA is a cryptocurrency powered by the Ethereum blockchain. It is the native token of the Decentraland platform – a virtual reality world that allows users to buy and sell LAND as a virtual asset. Users can build homes, casinos, art galleries, etc. on the LAND they purchase and charge other players to visit. MANA is the currency that powers the sale and purchases of land in a free marketplace.

Things to consider before buying Decentraland (MANA)

• Players can use LAND as an appreciating store of value or develop it to form virtual structures like art galleries, concert halls, homes, etc. 
• MANA being a cryptocurrency, also functions as a store of value that investors can hold for potential long-term gains.
• MANA is not a Proof of Work cryptocurrency. Instead, it is an ERC20 token that must be burned to acquire ERC721 LAND tokens on the Decentraland platform.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.