Decentraland
About Decentraland
Decentraland is a virtual reality platform powered by the Ethereum blockchain. The platform allows its users to create, experience and monetize content and applications. Users purchase plots of land in this digital world that they can navigate, build upon, and eventually generate profit from. The ecosystem uses two tokens: the MANA, which must be burnt to acquire non-fungible ERC-721 LAND tokens, and the LAND tokens which represent ownership of virtual land within the platform.
In the last hour, Decentraland's price has seen a change of +0.15%, and over the past 24 hours, its price has moved by +1.15%. Over the previous week, Decentraland's price has moved by -5.98%. The current price of Decentraland is SAR 0.2763, accompanied by a trading volume of 34.03M in the last day. Decentraland's price is currently 98.76% below its all-time high of SAR 22.22, which remains the highest price Decentraland has achieved since its launch. The circulating supply of Decentraland stands at 1.986B, translating to a total market capitalization of 548.6M.
Market stats
Frequently asked questions
What is Decentraland?
Decentraland and its trading symbol (MANA) are a blockchain network that includes a virtual world where users can create, explore, and trade their own digital environments via the Ethereum blockchain. In Decentraland, users can purchase land, create and trade digital items, build interactive experiences, and participate in social activities such as games, events, and virtual parties. The platform is community-governed, and participants have full control over their virtual assets and experiences, creating a decentralized and democratic environment. Decentraland’s native cryptocurrency is MANA, which is used to conduct transactions within the virtual world and as a means of payment for purchasing land and digital items.
How does Decentraland work?
Decentraland relies on a decentralized architecture that connects crypto assets and interactions within an open virtual world. The system consists of three main layers: the Consensus Layer, which records ownership of virtual land parcels (LAND) and associated assets on the blockchain and verifies users’ rights to them, Next is the Content Distribution Layer, which stores and provides files specific to each plot of land, such as scenes, images, audio, and interactive data. Finally, the Real-Time Layer manages real-time interaction between users, including text and voice chats, and the Builder mode (Builder) to create experiences and scenes within LAND assets, while the Marketplace serves as a marketplace for trading LAND, crypto assets, and character accessories. This architecture is used to link digital ownership to content and interaction within the virtual world.
How do you buy MANA on Rain?
Buying MANA on Rain involves a few simple steps:
- Make sure you have funds in your fiat account or your card is added in the payment methods section.
- Select the cryptocurrency you want to buy from the home or portfolio page.
- Click Trade and choose Buy.
- Enter the amount you wish to buy in your preferred fiat currency.
- Select your payment method, either by selecting your card or using the funds in your fiat account.
- Click Next to review your transaction details.
- Click Buy Now to complete the purchase.
MANA will be added to your wallet once the transaction is executed. At Rain, we use cold storage to keep the majority of our clients’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
Risks and considerations
Before buying MANA, it is important to understand the risks associated with it:
• Price volatility risk: the currency may be subject to sharp price fluctuations.
• Adoption risk: the currency’s value is heavily dependent on the growth of its user community.
• Liquidity risk: liquidity may affect the currency’s price movements. • Legislative and regulatory risks: legislation and regulations may impact the token’s future and growth.
• Security risks: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after researching it thoroughly.
You should not purchase MANA based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project behind it, and your risk tolerance before making any decision.
Can MANA be mined?
No, MANA cannot be mined because it is not a native consensus token based on proof-of-work on its own blockchain.
What are MANA tokens?
An ERC-20 token for utilities and governance within the Decentraland virtual world.
What is the total supply of MEME?
The maximum supply is approximately 2.2 billion tokens.
How to invest in Decentraland?
Rain offers you a number of ways to start investing in Decentraland, including buying Decentraland through bank transfers or by using your bank card. To purchase Decentraland on Rain, you can select Decentraland in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Decentraland with card?
Once you add your bank card to your Rain account, you can use it to buy Decentraland directly. You can start by adding your card to your payment options on your Rain account. To purchase Decentraland using your bank card, you can select Decentraland, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Decentraland through bank deposit?
Rain enables you to buy Decentraland using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Decentraland. To do that, you can select Decentraland in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Decentraland?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Decentraland successfully:
On your Rain account, select Decentraland then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Decentraland into cash?
Rain gives you the opportunity to sell Decentraland and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Decentraland and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Decentraland?
If you would like to receive Decentraland in your Rain account, simply click on Receive and select Decentraland from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Decentraland to avoid possible loss of funds.
How to send Decentraland?
You can easily send your Decentraland from your Rain account to any external wallet by clicking on Send and selecting Decentraland from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Decentraland with Rain?
When you buy Decentraland with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Decentraland on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Decentraland wallet?
A Decentraland wallet is where you can securely store Decentraland. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Decentraland address?
A Decentraland address is a string of unique characters that is tied to your Decentraland wallet. The address functions just like a bank account number and it is what you use in order to send Decentraland from your wallet, or to receive Decentraland to your wallet.
What trading pairs available for Decentraland?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Decentraland with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Decentraland with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Decentraland?
You can trade Decentraland with any amount above $30 or equivalent in your account's currency. You can start trading Decentraland now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Decentraland?
Besides Decentraland, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Decentraland built on?
Decentraland is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Decentraland safe?
To keep your Decentraland safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Decentraland be in next 5 years?
Price predictions for Decentraland over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Decentraland taxable?
Trading Decentraland may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Decentraland's ATH?
Decentraland’s all-time high (ATH) was SAR 22.22 on 25 Nov 2021. This represents the highest recorded market price of the asset to date.
When will Decentraland be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Decentraland just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Decentraland?
With a market capitalization of 548.6M, Decentraland is ranked 142 among other crypto assets.
What is the all-time high of Decentraland?
The highest valuation of Decentraland since its launch was at SAR 22.22, marking its all-time high.
What is the 24-hour trading volume of Decentraland?
The trading activity of Decentraland over the last 24 hours was at 34.03M, highlighting its liquidity in the market.
How many Decentraland are there in circulation?
There are approximately 1.986B units of Decentraland currently in circulation, affecting its market dynamics.
What is the relative popularity of Decentraland?
Decentraland market cap is around 548.6M.
Website
White paper
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