There have been many talks lately about the Metaverse, one of the significant areas in the crypto world.
This is due to the innovation provided by Metaverse. The innovation of the Metaverse increases the price of the associated token.
One of the tokens that are also the first successful metaverse project in the crypto world is Decentraland (MANA).
This token has just appreciated around 400% in just three days due to the new positive news from Facebook.
Getting to Know Decentraland
Decentraland is a project that was founded in 2017 and officially launched its main version in 2020
This project is a virtual reality platform or virtual reality; this project moves in the form of games or games.
This game is similar to Minecraft or Roblox but has a decentralized nature.
The nature of decentralization in question is that anything that players build or create in Decentraland belongs to the player and does not belong to Decentraland.
So players can trade what they have in the Decentraland “world” using MANA tokens.
Through this game, players can make real money because all the items in it are made in the form ofNFT or Non-Fungible Tokens.
The NFT is an element in the world of Decentraland, from land, and buildings, to character accessories.
As a result, Decentraland has an economic system that makes it have conditions like the real world but virtually.
The project runs on the Ethereum Blockchain and has only experienced its fame since the pandemic started.
This is because, during the pandemic, human interaction began to be limited, so humans needed another platform to interact.
Many parties enter the virtual world, ranging from virtual meetings or virtual meetings to virtual offices or virtual offices.
These events also affected the volume of Decentraland’s “residents” and significantly increased the number of virtual “land” in Decentraland.
The phenomenon of Decentraland’s success as a virtual world has succeeded in encouraging interest in the Metaverse or Meta Universe.
Virtual World Ecosystem
One of the proofs of Decentraland’s success in making many “inhabitants” of the world is the high price of lands like the real world and even more.
The most expensive land ever was $868.274.
The money is felt by the owner of the “land” and is not taken by Decentraland, thus upholding decentralization.
This land is highly appreciated due to its use, almost similar to land in the real world.
This virtual land can be used to build buildings where the building can be used for several things.
An example of using the building is being rented out for specific paid ways, such as virtual concerts to art exhibitions.
Later the building owner will get a rental fee, and event organizers will get income from entrance tickets generally paid for with MANA tokens.
So just like the real world, Decentraland has succeeded in making economic growth through the virtual world “game” ecosystem.
Metaverse Token Up 400%
As a result of this phenomenon, many parties are starting to enter the Metaverse or virtual world, one of which is Facebook.
Facebook recently changed its name to Meta and aimed to create its metaverse ecosystem.
Facebook is rumoured to have its metaverse platform, Horizon, which is still in the testing phase.
In the future, Facebook wants to form an NFT ecosystem in the Metaverse and be a new “world” to interact with, especially during the pandemic.
After this news emerged, most cryptos with metaverse projects experienced significant price appreciation.
This appreciation is supported by the assumption that there is potential for collaboration between several existing metaverse projects, including Decentraland.
Decentraland, as the most prominent crypto metaverse project, is currently getting a significant impact from Facebook.
Although there is no news of any engagement, the price of the official token from Decentraland, namely MANA, has appreciated by more than 400%.
This appreciation occurred in just three days, leaving many stunned by the absence of the latest news from MANA.
This appreciation is also supported by the high interest in NFT crypto, which is also undergoing significant adoption in general.
Given this phenomenon, the Metaverse may be one crypto that remains strong even after the bull runs over.
This is due to its adoption, not only for crypto investment but for life in general.
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