MANA to Fiat Converter

### Decentraland (MANA): A Decentralized Virtual Reality Platform

Decentraland is a virtual reality platform built on the Ethereum blockchain, enabling users to create, explore, and monetize content and applications. Within this digital world, users can purchase virtual land, develop it, and generate revenue from their creations.

The platform was developed after a $24 million initial coin offering (ICO) in 2017. After a closed beta phase in 2019, Decentraland opened to the public in 2020. Since then, users have built diverse experiences on their LAND parcels, including interactive games, 3D environments, and other immersive activities.

### Key Features of Decentraland

- User Ownership – The platform is entirely governed by its community, allowing participants to explore, buy and sell virtual land, create digital art, trade NFTs, and participate in the Decentraland DAO (Decentralized Autonomous Organization).
- Interactive Experiences – Users can engage with applications, conduct peer-to-peer transactions, and communicate within the virtual world.
- Dual-Token System – Decentraland operates using two tokens:
- MANA – An ERC-20 token used as the platform’s currency for purchasing LAND, avatars, wearables, and other in-game assets. It also grants voting rights in the DAO.
- LAND – An ERC-721 (NFT) token representing ownership of virtual real estate. LAND holders can vote on platform governance, with each token equating to 2,000 votes.

### How Decentraland Works

- Land Ownership & Development – Players buy LAND as NFTs using MANA and can develop it as they choose. The marketplace allows users to trade LAND and other in-game assets.
- Governance – MANA and LAND holders influence platform decisions through the DAO, voting on policies, auctions, and ecosystem improvements.
- NFT Integration – The platform supports NFTs for collectibles, virtual goods, and real estate, though acquiring them may present a barrier for new users.

### Technical Structure

Decentraland’s protocol consists of three layers:
1. Consensus Layer – Tracks and manages LAND ownership via Ethereum smart contracts.
2. Land Content Layer – Displays the virtual world’s content.
3. Real-Time Layer – Facilitates user interactions.

### Background

Decentraland was co-founded in 2015 by blockchain experts Ari Meilich and Esteban Ordano. After launching in 2016, it evolved from a 2D experiment into a fully immersive 3D environment by 2020.

### Summary

Decentraland is a decentralized virtual reality platform where users own and develop digital land. Governed by a DAO, the community shapes the ecosystem through MANA and LAND tokens. The platform merges gaming, blockchain technology, and NFTs, offering a space for creativity, commerce, and interaction.