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Cryptocurrencies/Coins/Decentraland (MANA)
Decentraland price, market cap on Coin360 heatmap

Decentraland(MANA)

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$0.849396
(6.76%)
0.00004069 BTC
Market Cap (Rank#36)
$1,570,717,287
75,238 BTC
Vol 24h
$67,485,766
3,233 BTC
Circulating Supply
1,849,216,540.85
Max Supply
2,194,986,738
10h agocryptodaily
Indian Authorities Freeze Vauld’s Assets Worth $46M
The Indian Enforcement Directorate (ED) has frozen the crypto and bank assets of troubled crypto lender Vauld, to the tune of INR 370 crore ($46 million). The crypto firm halted withdrawals and deposits in July. The ED, a law enforcement and economic intelligence agency of the Indian government, announced on August 12 that it conducted searches at the premises of Yellow Tune Technologies in Bangalore and issued a directive to freeze its bank balances, payment gateway balances, and the crypto balances of Flipvolt Technologies’ crypto exchange totaling $46 million. Flipvolt Technologies is the Indian registered arm of Singapore-headquartered Vauld. The authority explained that 370 crore rupees were deposited by 23 different entities into the INR wallets of Yellow Tune Technologies held by Flipvolt Technologies’ crypto exchange. The assets were “proceeds of crime derived from predatory lending practices,” according to the authority. It further stated, Yellow Tune by using the assistance of Flipvolt crypto exchange … assisted the accused fintech companies in avoiding regular banking channels, and managed to easily take out all the fraud money in the form of crypto assets. The ED is alleging that Flipvolt: Has very lax KYC [know-your-customer] norms, no EDD [enhanced due diligence] mechanism, no check on the source of funds of the depositor, no mechanism of raising STRs [suspicious transaction reports]. Flipvolt also failed to give the complete trail of crypto transactions made by Yellow Tune and was not able to provide any form of KYC of the opposite party wallets. The ED added that “by encouraging obscurity and having law AML [anti-money laundering] norms,” the exchange “has actively assisted Yellow Tune in laundering the proceeds of crime worth 370 crore rupees using cryptocurrencies.” It added, Therefore, equivalent movable assets to the extent of Rs 367.67 crore lying with Flipvolt crypto exchange in the form of bank and payment gateway balances worth Rs 164.4 crore and crypto assets lying in their pool accounts worth Rs 203.26 crore are frozen under PMLA, 2002, till complete fund trail is provided by the crypto exchange. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12h agocryptodaily
Brazilian Payment App PicPay Launched Crypto Exchange in Collaboration with Paxos
PicPay, a Brazilian-based payment and wallet app is now providing crypto services to more than 30 million active users in the country. The company announced that it was planning to roll out this service last month and now allows its customers to buy, hold and sell digital assets from its platform. PicPay will offer these services in partnership with Paxos. The Brazil-based payment app announced that it now allows users to purchase, sell and hold cryptocurrencies on its platform. PicPay launched its cryptocurrency exchange service, and in its first iteration will be supporting the trading of Ethereum and Bitcoin as well as the dollar-backed stablecoin USDP. The company has said that it plans to list more than 100 cryptocurrencies. The exchange is operated with the help of Paxos, a blockchain infrastructure company and issuer of stablecoin USDP. Paxos is regulated by the New York Department of Financial Services and will manage trading and custody of assets for PicPay. Paxos is one of the market’s biggest crypto exchanges and has a reputation for partnering with some of the world’s most famous traditional financial firms such as Venmo and PayPal. Bruno Gregory, head of cryptocurrencies at PicPay said, Our goal is to lead the growth of the crypto market, by eliminating the complexity that is still associated with it and expanding information on the technology, so that everyone can take advantage of this asset class and technology. PicPay Looks For Domination in the Market Wanting to go over and beyond for its user base, PicPay is looking to offer average Brazilians crypto investments. The firm is also looking at a service that will allow crypto users to make payments directly with cryptocurrencies, removing the hassle of having to exchange assets for fiat currency first. In a similar vein, the system will liquidate cryptocurrencies for merchants receiving cryptos thereby protecting them from market volatility and allowing them to store stable assets. PicPay has said that it plans to launch its own Brazilian real-pegged stablecoin. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12h agocryptopotato
Ethereum Tests $2,000 For The First Time in 74 Days, Here’s What’s Next (ETH Price Analysis)
The bulls have been in control of the market for more than a month. They have managed to push the price by more than 100%. The majority of this rally has been without a considerable correction, begging the question if one is pending following the test of the critical $2K level. Technical Analysis By Grizzly […]
19h agocryptodaily
Binance Announces Seizure Of Assets Linked To Curve Finance Exploit
Binance has announced that it has seized assets worth around $450,000 that is linked to the Curve Finance exploit that occurred a few days prior. This is the second large-scale seizure of funds linked to the exploit, with Fixed Float seizing around $200,000 worth of assets that the hackers deposited. A Significant Chunk Of Funds Recovered Binance CEO took to Twitter to announce that the exchange had managed to freeze a significant chunk of the funds stolen from the Curve Finance exploit earlier in the week. Binance CEO Changpeng Zhao shared an update on Twitter about the seized funds, stating that the exchange seized around $450,000 worth of stolen assets deposited by the hacker. According to Zhao, the seized funds represent around 80% of the funds stolen from Curve Finance during the exploit. He further added that the exchange is working with law enforcement to ensure that the funds are returned. Curve is yet to comment on the recovery of the funds by Binance. “Binance froze/recovered (sic) $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with [law enforcement] to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can’t catch it.” Second Seizure Related To Curve Exploit Binance’s seizure makes this the second seizure of assets linked to the Curve Finance exploit that took place earlier in the week. Previously, several reports emerged stating that Fixed Float, a Lightning Network-based exchange, had frozen $112 ETH (around $200,000) linked to the Curve exploit. The depositor had deposited the funds in the hope of laundering them and going scot-free with the exploit. As a result, the total funds recovered linked to the exploit have crossed $650,000. The Curve Finance Exploit Curve Finance had on Tuesday reported a significant breach in which the protocol’s front end was compromised thanks to a DNS attack, also known as cache poisoning. This allows the attacker to spoof the original webpage and trick users into entering their details into a malicious contract. When users interact with the contract and enter their information, hackers are able to drain their wallets. After the exploit, the hacker transferred a significant chunk of the stolen funds to Binance and Fixed Float, where the exchanges could freeze the funds. Curve had issued a warning to users after the exploit, stating, “What has happened strongly suggests to start moving to ENS instead of DNS.” The warning also suggested that ENS (Ethereum Name Service) could provide better security against front-end attacks. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
How ViralCoin is Beating the Market Volatility and Empowering Investors
There are a lot of reasons why people get involved in the crypto market; being at the forefront of cutting-edge technology like blockchain, tapping into an energetic community, and making a profit in one of the biggest modern asset classes. There are also reasons why some people are wary to invest in cryptocurrency, Simply put; the crypto industry is very volatile. Assets rise and fall at the drop of a hat and the term ‘buy the dip’ was coined partially because the market dips so often. While this reputation of volatility has scared some investors from the crypto sector, it has also pushed many modern crypto projects to insulate their tokens from the chaos of the market. One of these is ViralCoin, a new blockchain project that has announced an intricate mechanism to protect investors from market up and downs, especially in its initial stages. What is ViralCoin? ViralCoin is a new community-centered crypto and blockchain project that is looking to empower crypto users to use tokens in their daily life. While the ecosystem is centered around its native VIRAL token, it also offers its ViralWallet. The ViralWallet lets users pay their bills using VIRAL and has removed many of the pain points to doing so, including price prediction and automatic debits. While ViralCoin is poised to be one of the hottest new crypto projects to invest in, the issue of market volatility still exists, however, the management of ViralCoin has gone out of its way to make sure that its asset is insulated from these issues. This can also be seen with ViralCoin’s pricing mechanism. New crypto projects are often subject to price fluctuations, whether organic or due to pump-and-dumps, ViralCoin has put a mechanism in place to manage its token price. This mechanism is called the ViralCoin Vault Contract and this means that the native token is held in a VIRAL/USDC liquidity pool. The circulating supply of the token can be increased or reduced as needed to keep the price stable and this will last all through the minting stage. As such, you can invest in ViralCoin with ease and without any worry about the price fluctuating in the initial stage. Then there are the benefits that you can get for referring others as ViralCoin has an ongoing referral program. Roughly 1% of the projected revenue will go to referrers and another 3% will go to the token holders through reflection. Users are being encouraged to join the #ViralCoinChallenge and can earn rewards by referring others, whether or not they have spent any money on tokens themselves. Overall, ViralCoin is emphasizing community and mutual benefit above all else. A New Dawn for Crypto Use There is no denying that cryptocurrency can be profitable yet volatile. But for those who simply want to invest, ViralCoin offers an amazing benefit. Thanks to its combination of price stability for its native token and the ease of setup, it stands out as a solid project for investors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocoindesk
Hedge Fund Point72’s Steve Cohen Plans Crypto Asset Manager: Report
The new vehicle from the hedge fund billionaire would trade spot cryptocurrencies and crypto derivatives.
1 day agocryptodaily
BlackRock Launches Spot BTC Private Trust
The investment management company has launched a private trust, which will be its first product offering direct Bitcoin exposure. Private Trust For Institutional Investors The private trust launched by BlackRock will provide institutional clients based in the United States with direct exposure to spot Bitcoin. The trust will track the performance of Bitcoin while lowering the expenses and liabilities. The decision to embark upon this project was taken due to the residual interest from certain clients. The company announced the launch of the trust through a public statement on its website, where it wrote, “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities.” Being the largest, oldest, and most liquid crypto, Bitcoin has captured the attention of BlackRock’s client base, who are keen to dabble in this asset through an investment management firm. BlackRock’s Web3 Moves Many communities and groups have raised concerns about the energy-intensive process of Bitcoin mining and its environmental impact. Although BlackRock is not involved in any way with the mining operations, the team has mentioned that it would be doing its part in supporting initiatives to introduce sustainable energy usage in Bitcoin mining. The company’s Web3 initiatives have been distributed among four areas of interest: permissioned blockchains, stablecoins, cryptoassets, and tokenization. The spot Bitcoin private trust is its initiative in the cryptoassets category. Partnership With Coinbase Earlier this year, BlackRock CEO Larry Find had indicated that the company might start dabbling in crypto trading. The company’s other noteworthy web3 endeavor was its recent partnership with crypto exchange Coinbase to offer cryptocurrencies to institutional investors. The partnership will enable BlackRock’s institutional investment management platform Aladdin to provide its clients with crypto trading functionalities and all associated capabilities. To access these services, institutions must sign up for Coinbase Prime, a trading solution service tailormade for hedge funds, asset collectors, financial institutions, and corporate treasuries. Institutional Investors Want More Crypto Action With roughly $9 trillion in assets under management for institutional clients, including central banks, BlackRock is the biggest asset fund manager in the world. According to a market leader and expert, Barry Silbert, the recent Bitcoin private trust from BlackRock will provide a simpler and safer channel for central banks around the globe to invest in the crypto. Institutional investors are increasingly warming up toward digital assets despite an overwhelming bear market. With individual investors pulling out of the market, there is ample space for institutional investors to set up shop through the safe exposure promised by BlackRock’s private trust. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agozycrypto
BlackRock’s New Bitcoin Trust Could Be The Catalyst For Central Banks Investing In BTC: DCG’s Barry Silbert
BlackRock, the largest asset manager in the world, is doubling down on bitcoin.
1 day agocryptodaily
New Ripple report gives expectations of wide scale adoption of crypto but points to lack of understanding of the technology as major barrier to overcome
Crypto solutions company Ripple has just published a new report into crypto trends in business. The report highlights the blockchain-driven Internet of Value that transcends national borders and which enhances or replaces existing ways of doing business. Big picture According to Ripple, blockchain and cryptocurrency technology, together with central bank digital currencies (CBDCs) are expected to have a big impact on institutions. The various technologies such as crypto and NFTs are being leveraged by enterprises, governments and in different ways, as new use cases come to light. However, given the nascent state of these new technologies, and the inability of many to fully understand the possibilities, together with the ponderous application of regulations, the crypto industry is having trouble surmounting these barriers to more widespread adoption. Cryptocurrencies, NFTs, and CBDCs Ripple’s report gives credit to NFTs for a lot of the consumer interest in cryptocurrencies and blockchain. Although it does point out that the user experience with NFTs has not been easy due to “infrastructure and design.” In Ripple’s estimation, and more controversially from a crypto point of view, CBDCs will add to what has been done by cryptocurrencies and stablecoins and thereby “drive the blockchain flywheel”. However, the following statement in favour of crypto really gives a bold summary for the effect of tokens such as cryptocurrencies: “There are hints that finance leaders across both Financial Institutions and Enterprises are again seeing tokens, including crypto, as an even more powerful force than the foundational blockchain technology which drives them” Following on from the general buy and sell patterns taken by tokens when they are first launched, Ripple believes that in some cases this gives way to more sophistication and enhanced programmability, which is now happening with NFTs and CBDCs. Most valued use cases Institutions see most value in cryptocurrencies for portfolio management, which includes hedging, and secondly for payments. Wider uses around such technologies as DeFi are still not being investigated by most institutions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocoindesk
UK Asset Manager Abrdn Becomes Digital Exchange Archax's Largest External Shareholder
Asset manager abrdn has taken a stake in Archax, the first digital securities exchange to be regulated in the U.K., becoming the company's largest external shareholder.
2 days agocoindesk
Snapple Created a Bodega in the Metaverse
The virtual installation in Decentraland comes with big savings (as much as $1.39) to visitors who complete its scavenger hunt and register their Paypal wallets.
2 days agonulltx
Top 3 Metaverse Crypto Coins Below $50 Million to Watch in August 2022
Cryptocurrency markets are showing significant upside this week as Bitcoin and Ethereum prices manage to break past their monthly highs. Metaverse crypto coins also capitalize on the positive market momentum, with many showing double-digit percent price increases. This article looks at NullTX’s pick of the top three Metaverse crypto coins with a market cap below […] The post Top 3 Metaverse Crypto Coins Below $50 Million to Watch in August 2022 appeared first on NullTX.
2 days agocryptodaily
Criminal Investigation Results In Service Suspension At Hotbit
The trading platform Hotbit Crypto Exchange has suspended services after being subpoenaed in conjunction with a criminal investigation into a former employee. Ex-Employee’s Alleged Illegal Activities As a part of the ongoing criminal investigation, law enforcement agents have frozen certain funds of the firm, forcing Hotbit to suspend crypto trading, deposits, and withdrawals. The firm released a statement on the matter, which said, “We regret to inform you that Hotbit will have to suspend trading, deposit, withdrawal and funding functions, the exact time of resumption cannot be determined at the moment.” The statement also shed some light on the former employee who is being investigated due to their involvement in an external matter in 2021 that the company claims to have no inkling of. The employee, who left the company in April 2022, is suspected of violating criminal laws in this external project. As a result, several senior managers have been subpoenaed and are cooperating with law enforcement in the investigation. The team vehemently denied having any connection or knowledge of the alleged illegal activity on the part of the management as well as the other employees of the firm. User Assets And Fund Management In addition to the subpoenas, several funds have also been frozen as a part of the investigation, preventing the exchange from conducting business per usual, which is why they have had to suspend services. The statement from the Hotbit team also revealed that they have been applying for the release of the frozen assets and will be resuming services once they are unfrozen. The team also reassured users that all their funds and data on the platform were still secure and untampered. As a result of the trading suspension, all unfulfilled orders will be canceled. Furthermore, all leveraged exchange-traded fund (ETF) positions will also be forcibly liquidated as per their values at 12:00 UTC on August 10. Income from users’ investment products is going to be distributed normally. The team also promised to announce a compensation plan for users once the platform resumes operation. Previous Service Suspension This is not the first time the Hotbit crypto exchange has had to suspend operations. Back in April 2021, the Hong Kong-based exchange fell victim to a cyberattack that compromised its user database. Following the attack, the platform had to temporarily shut down to recover from the damages of the hack. The team embarked on a plan to rebuild all of its 200+ servers to impose stricter security measures involving the accurate reconstruction of all user data. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptosrus
BlackRock Launches Bitcoin Trust — What This Means For A Spot ETF
BlackRock continues its investment into crypto with its latest offering: a physically-backed Bitcoin trust.  Covered: BlackRock Announces Bitcoin Trust What This Means For A Spot ETF BlackRock Announces Bitcoin Trust Asset manager BlackRock (ticker symbol: BLK) announced that its launching a Bitcoin Spot trust for institutional investors. The move comes a week after announcing a […] The post BlackRock Launches Bitcoin Trust — What This Means For A Spot ETF appeared first on CryptosRus.
2 days agocryptodaily
Crypto.com Secures Virtual Asset Service Provider Registration in Cayman Islands
Cryptocurrency exchange Crypto.com continues its global expansion after securing approval to operate as a virtual asset service provider (VASP) in the Cayman Islands. Singapore-based crypto exchange Crypto.com has managed to obtain regulatory approval to offer its services in the Cayman Islands it announced on Thursday, August 11. The company said it gained approval from the country’s primary financial market regulatory body, the Cayman Islands Monetary Authority (CIMA). The exchange noted explained that approval makes it possible for it to offer a range of digital asset products and services that are compliant with the islands’ regulations. Co-founder and CEO of Crypto.com Kris Marszalek, said in a statement that the approval is testament to the platform’s continued dedication to compliance. He added that the development proves Crypto.com’s “constructive approach to regulator engagement.” Marszelak said, This regulatory approval in the Cayman Islands is the latest example of Crypto.com’s commitment to compliance and our constructive approach to regulator engagement. We look forward to expanding our suite of offerings and services available, and continuing to work with stakeholders across sectors on advancing blockchain technology. With over 50 million users worldwide, Crypto.com continues to grow and expand its ecosystem actively. Thursday’s announcement follows a string of announcements that the exchange received approval to operate in a number of regions. On Monday, August 8, Crypto.com announced it had secured access to the South Korean crypto market after acquiring two local companies that will provide it with VASP registration in the country. Marszalek said of the acquisitions: This is an exciting next step for Crypto.com in an important market. We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies. In July, the exchange announced that it had secured approval from the Cyprus Securities and Exchange Commission to operate within regulations in Cyprus. Crypto.com has also successfully expanded its operations in Italy after securing a regulatory license in the country. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptodaily
Jito Labs Raises $10M from Multicoin Capital and Framework Ventures to Build Performant MEV Infrastructure For Solana
Austin, TX, United States, 11th August, 2022, Chainwire Jito Labs, an MEV infrastructure company building performant systems to scale Solana, has completed a $10M Series A. The round was led by Multicoin Capital and Framework Ventures with participation from Alameda Research, Solana Ventures, Delphi Digital, MGNR, Robot Ventures, and 18decimal. Notable angels Anatoly Yakovenko, Brian Long, Armani Ferrante, Austin Federa, Edgar Pavlovsky, and Nitesh Nath also participated. The Series A brings the company's total financing to $12.1M. Jito Labs will use the capital for recruitment and product development and to support the first third-party validator client for Solana, Jito-Solana. This is expected to open source later this month pending the completion of a Neodyme audit. Jito Labs is developing a suite of trading and validator tools that make MEV more democratic and accessible to traders and validators on the Solana network. Jito-Solana helps node operators earn more revenue and better utilize their hardware. It also features the first native spam-mitigation system for Solana, which helps improve network reliability. Jito-Solana also interfaces with Jito’s Block Engine, a proprietary system designed to build the most profitable and efficient blocks for the network. “Solana is built by the most talented team in the space, but trading bots spamming transactions has resulted in a degraded experience for users and traders. The tooling we’re building at Jito will help Solana scale to support millions of users,” said Lucas, co-founder of Jito Labs. “We are backed by some of the most strategic investors in the Solana ecosystem and are thankful for their support, and the warm welcome from the Solana community.” “Jito is a very capable, super technical team that is putting their efforts into optimizing a Solana validator client for MEV, which is a critical use-case for the long-term health of the network," said Anatoly Yakovenko, CEO, Solana Labs. In addition to validator software, Jito Labs develops tools for traders that are symbiotic with its infrastructure. Jito Bundles, which are similar to Flashbot Bundles on Ethereum, represent groups of transactions that are bundled together and executed in the order they are submitted by traders. Bundles improve liquidity, trading execution and network stability by circumventing expensive priority fee auctions and guaranteeing sequential, all-or-nothing execution. Applications on Solana can leverage Jito’s Bundles to improve the UX around sending multiple transactions. Jito Labs also makes two additional trading tools: a priority mempool, which enables traders to see transactions at the speed they arrive on the network, and ShredStream, which provides low-latency access to shreds from leaders running the Jito-Solana client. Collectively, these tools give searchers and traders the ability to capture arbitrage opportunities and execute trades more efficiently without degrading network performance. “Jito Labs is one of the most important companies in the Solana ecosystem. They are building critical infrastructure that improves network performance and decentralization while maximizing profits for validators around the world. Jito-Solana is a competitive advantage for validators, and an important decentralization milestone for the network,” said Tushar Jain, Managing Partner, Multicoin Capital. Validators that run Jito-Solana are eligible to earn tips from searchers and traders using Jito Bundles to submit transactions to the network. They can also access MEV insights through the Jito MEV Dashboard. About Jito Labs Jito Labs is an MEV infrastructure company that is building high-performance systems to scale Solana and maximize validator rewards. Jito-Solana, the first fully open-source, third-party validator client developed for the Solana blockchain, is a better way to earn more revenue and utilize hardware. Jito Labs’s trading tools are free for use by traders and validators. Learn more: https://jito.wtf/ContactsLucasJito Labs [email protected]
2 days agocryptodaily
SEC Opens Probe Into Crypto Exchange Coinbase
Coinbase is facing yet more scrutiny from the U.S. Securities and Exchange Commission (SEC), this time over its token listing process, its staking process, and its yield-generating products. SEC Probes Into Coinbase’s Staking Products In its recent quarterly report disclosing a loss of $1 billion, Coinbase has been served with more regulatory scrutiny. The exchange has revealed that the SEC is probing into its staking product which allows investors to earn yield by locking up certain cryptocurrencies. According to the quarterly report, The Company has received investigative subpoenas and requests from the [U.S. Securities and Exchange Commission] for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products. Coinbase has been under severe heat from the SEC after the regulatory body announced that it was investigating the exchange for listing nine tokens it believes to be securities and would fall under its purview. This has been a point of contention between the exchange and the regulator with Coinbase consistently stating that it does not host securities of any sort. Legal Officer for Coinbase Paul Grewal has also officially denied these allegations. Last month, the securities agency also charged a former Coinbase product manager and two associates for alleged insider trading. The SEC along with the Department of Justice has filed civil and criminal charges against former employee Ishan Wahi, his brother Nikhil Wahi and friend Sameer Ramani for sharing confidential information about pending announcements of cryptocurrencies. Coinbase To Welcome More Regulations Amid the heat of the increased regulatory scrutiny, CEO of Coinbase Brian Armstrong has welcomed more regulation saying, The more regulation there is for crypto, the better it is for Coinbase. Armstrong has said that the exchange is willing to meet with regulators worldwide as does not regard cryptocurrency regulations as bad. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocoindesk
Ether supera los $1.9K mientras Ethereum realiza el último ensayo de fusión
El optimismo sobre el merge ha hecho que la criptomoneda suba 60% en cuatro semanas.
3 days agocoindesk
After Brutal Q2, Coinbase Needs to ‘Get Smart’ About Revenue Streams: Analyst Says
Michael Safai, managing partner at Dexterity Capital, joined CoinDesk TV’s “First Mover” to discuss Coinbase's second-quarter earnings and the outlook for the crypto exchange.
3 days agocointelegraph
Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs
“Things are much more encouraging, even though this is clearly a time of pain," said Wave Financial’s head of business development Mike Jones.
3 days agocryptopotato
Hotbit Freezes Withdrawals Following Subpoena of Senior Managers
A former Hotbit employee’s actions have sparked a legal investigation at the exchange, with law enforcement freezing some of the company’s assets.
3 days agocryptopotato
ADA Rallied 7% on Positive Inflation Numbers, Here’s the Key Resistance (Cardano Price Analysis)
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3 days agonulltx
Crypto Market Update for August 10th – Bitcoin and Ethereum Prices Hold Support, Coinbase Q2 Earnings Report Reveals $1.1B in Losses
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3 days agocointelegraph
What is a trading journal? And how to use one
Every action you take as a trader is documented in a trading journal, covering risk management, trading strategy assessment, psychology, and more.

About Decentraland

The live price of Decentraland (MANA) today is 0.849396 USD, and with the current circulating supply of Decentraland at 1,849,216,540.85 MANA, its market capitalization stands at 1,570,717,287 USD. In the last 24 hours MANA price has moved 0.02089 USD or 0.03% while 52,592,730 USD worth of MANA has been traded on various exchanges. The current valuation of MANA puts it at #36 in cryptocurrency rankings based on market capitalization.

Learn more about the Decentraland blockchain network and how it works or follow the price of its native cryptocurrency MANA and the broader market with our unique COIN360 cryptocurrency heatmap.

Decentraland (MANA) is one of those cryptocurrencies that has seen immense growth and popularity in recent years thanks to the renewed "metaverse" mania. Built as a decentralized virtual reality platform, Decentraland is a virtual world with its own cryptocurrency, MANA, powered by the Ethereum blockchain as well as NFT parcels called LAND.  Decentraland users can create, experience, and monetize their content and applications in the shared virtual world.

The Decentraland Foundation, the entity behind the development of Decentraland, was founded in 2015 by Ariel Meilich, project lead, and Esteban Ordano, tech lead. The Decentraland platform went live on Ethereum in 2017, following an initial coin offering (ICO) of $26 million for future operations, with MANA coined as its official cryptocurrency. The network launched its closed beta in 2019 and opened to the public in February 2020. Prior to its launch, Decentraland created the decentralized autonomous organization (DAO) to hand over the management and governance of the project to its users, ensuring no single entity has control over the platform.

Decentraland aims to combine blockchain technology and augmented reality to create a 3D virtual world where users can develop their avatars, communicate, engage and take part in commerce — all via traditional web browsers.

MANA price

According to our MANA/USD live price chart, the token saw a noticeable price spike in Q3 of 2020 — going from under $0.05 to over $0.13. 

The rally for MANA price continued into 2021, and by April of the year, MANA was trading above $1.6 MANA's price did correct with the broader market during mid-2021, and it traded below $0.40 at one point.

However, as the market sentiment grew bullish in autumn of 2021 with BTC price soaring to an all-time high of $69,000, Decentraland’s token saw elevated trading volumes. MANA's price rallied in line with its metaverse competitors The Sandbox (SAND) and Enjin Coin (ENJ), going from $0.8 on Oct. 16 to $5.9 on Nov. 25, with a gain of 670%. With this, MANA price set a new all-time high and reached a fully diluted valuation of $12 billion. 

The crypto market witnessed another severe crash near the end of 2021, continuing this nosedive into 2022 with MANA losing a big portion of its gains alongside other major cryptocurrencies like BTC and ETH.

How MANA works

The Decentraland platform utilizes the Ethereum blockchain and its native token, MANA, allows users to buy and sell digital land while exploring, creating, and playing games in its virtual world. Over the course of time, the platform has incorporated in-game payments, peer-to-peer communication, and interactive apps. 

Decentraland uses two different tokens for its ecosystem:

MANA: An ERC-20 token, MANA, can be used for ecosystem governance, making transactions within the metaverse, and buying LAND and other virtual goods. Based on the Ethereum blockchain, the token is secured by an extensive decentralized network of miners that work together with a large number of nodes to secure the blockchain. MANA requires an Ethereum-supported wallet to interact and experience the full potential of Decentraland’s 3D virtual reality game world.

LAND: An ERC-721 non-fungible token (NFT), LAND, is used to identify and maintain a ledger of land parcels representing digital real estate within the virtual world.

To safeguard digital property, Decentraland uses the consensus layer, which maintains a ledger and tracks the ownership of each land parcel, using an Ethereum-based smart contract. The Decentraland gameworld is divided into a total of 90,601 independent parcels of LAND, each assigned a unique coordinate, owner, and what the landowner serves. 

While keeping track of each parcel of LAND is key, it is also important to ensure players and users have a smooth communication line and building experience, Decentraland’s content layer uses 3 rendering files to distribute the content needed to render the world: 

Content files: References to 3D meshes, textures, audio files, and any other related content required to render the parcel. 

Scripting entry points: Specifies how the content is placed, its behavior, and animations within the parcel.

P2P interactions: As the title suggests it creates a means of interaction such as messaging, voice chat, and sharing coordinates. 

Decentraland also offers a marketplace where players and creators alike can buy, sell or transfer wearable items, accessories, unique names, avatars, or any other in-game virtual asset.

MANA news, updates, and highlights

Global tech giant Samsung added support for VR platform Decentraland on its blockchain wallet app on July 21, 2020. Samsung launched this crypto wallet back in 2019 for its signature phone Galaxy S10.

In July. 2020 comic artist Jose Delbo, who has worked for both Marvel and DC kicked off a week-long exhibition in Decentraland. Jose, credited for creating Wonder Woman for DC comics released a number of digital images in the VR world for viewers at the in-game gallery called MakersPlace, with each proof of ownership recorded using blockchain technology.

In late November 2021, a digital plot in the Decentraland Metaverse was sold for a whopping $2.43 million or 618,000 MANA tokens — more than what most homes go for in NYC, and San Francisco. The prior record for the most expensive virtual plot was around $913,000.

Frequently asked questions about MANA

  • Can you mine or stake MANA?

You can't mine MANA since it is not a proof-of-work token, but you can stake MANA on various platforms to earn passive income.

  • What are some of the best MANA wallets?

A digital wallet is a must for MANA since it keeps all your digital assets and in-game progress safe. You can choose to experience Decentraland without it but you will miss out on daily rewards, not be able to participate in events, and much more. MetaMask is one of the recommended digital wallets by Decentraland, with Trust Wallet and Ledger being viable secondary options. If you are leaning more toward cold wallets, Ledger Nano S, Ledger Nano X, and Trezor One are fantastic options.

  • What can you do with MANA?

MANA is an ERC-20 token that can be used to purchase LAND, estates, avatars, unique names, wearables, or any other good that the game has to offer in the virtual world.

  • How to buy MANA?

You can buy MANA on exchanges like HitBTC, Nexo, and OKX with MANA/BTC, MANA/ETH, and MANA/USDT trading pairs. You can also buy MANA using fiat currency with on-ramp services.

Decentraland Price0.849396 USD
Market Rank#36
Market Cap1,570,717,287 USD
24h Volume67,485,766 USD
Circulating Supply1,849,216,540.85 MANA
Max Supply2,194,986,738 MANA
Yesterday's Market Cap1,549,861,000 USD
Yesterday's Open / Close0.817228 USD / 0.838118 USD
Yesterday's High / Low0.846502 USD / 0.790183 USD
Yesterday's Change
0.03% ( 0.02089 USD )
Yesterday's Volume52,592,730 USD
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