What is Decentraland(MANA)?
Decentraland, also known as MANA on exchanges, is an amazing, innovative, futuristic project that is one of the big reasons that I am so excited about Blockchain technology and what the future holds with it. Decentraland is essentially the very first VR city in the world where virtual land auctions took place. 90,000 parcels of land were sold in Decentraland and anyone could have taken their MANA and bid on the parcels.
There are a few really big community projects that were automatically assigned to the grid of 90,000 parcels before the auction took place. Some of those projects include a digital Las Vegas, where there will be VR gambling and gaming, Shopping Districts, where you can order and virtually “try on” and see what certain clothes items look like on you, a University District where you can learn about a multitude of subjects including Blockchain and many more!
I think that it will be amazing to be able to put on a VR headset and travel to a land like Decentraland to interact with other people. You could go play poker with a friend of yours that lives halfway across the country or go shopping in a VR store with a relative that lives too far away to hang out with in person. The possibilities with Decentraland are limitless because anyone that bought land in the auction can build their own project or store within the city too!
Mana Decentraland Is A Long Term Project
I am not sure how long it will take for Decentraland to be fully functional, but I know that I am extremely excited for the day that I can put on a VR headset and go check out the city! There will be all types of entertainment available from VR movies, to stand-up routines, and even adult-based VR activities. Yes that is right, there is a red light district in Decentraland as well.
You will be able to rent out your land in Decentraland and ownership records/contracts are always kept safe on the Ethereum Blockchain!
Final Thoughts On Mana Decentraland
This is one application of Blockchain/VR/futuristic technology that I can clearly see working out for the long term, and it is something that the younger generation will truly be excited about using.
I could see this token easily exceeding the $1.00 mark and it’s long-term value will strongly depend on how quickly they build their VR world before other companies start doing the same thing.
This is definitely a cryptocurrency that I would recommend checking out for 2018 and beyond!
One Love,
@jgullinese