March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: DECENTRALAND (MANA)
Decentraland is a virtual reality platform built on the Ethereum blockchain overseen by the non-for profit Decentraland Foundation.
Price:
$0.7725
Mkt Cap:
$1,428,873,746
View Coin Page
Project Fundamentals
- Decentraland is a virtual world where users buy LAND, play games, customise their avatar and socialise.
- MANA is the token of Decentraland which facilitates all transactions.
- LAND comes in NFTs, which can be bought and sold on the Decentraland Marketplace or the OpenSea marketplace.
- Users can build anything on their land, from casinos to art exhibitions to interactive games that users play for a fee.
- Players can also customise their avatars by buying clothing. These come in the form of NFTs and change in price due to scarcity.
Partnerships / Implementation
- Decentraland has secured many influential partnerships with Samsung, Cyberpunk, Polygon, Atari and surprisingly, the South Korean Government.
- They also have significant investments from Digital Currency Group, Kenetic Capital, FBG Capital, CoinFund, Animoca Brand.
- In terms of Implementation, The MANA coin can expect to see exponential growth when daily users increase on the virtual platform.
- The platform allows gamers to enter another reality where they can socialise, play games and be part of an enthusiastic community.
- The benefit of it being a Decentralised Autonomous Organisation (DAO) is that users feel a part of the community when they own assets and have a say in future development.
Roadmap and Announcements
- The roadmap, in the beginning, was clear. To make a virtual world for gamers to socialise and interact with each other.
- Decentralands main driver now is to gain market share in the virtual world. Its main competitor is The Sandbox who is more innovative and is planning to launch on mobile, Xbox and Playstation.
- After looking through the updated roadmap, it’s clear that they want to increase the graphics, include in-world trading and update the customisation features.
Technical Analysis
More Bright Ideas
February 27, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 24, 2023
Fantom (FTM)
FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees.
February 22, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 21, 2023
Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
February 20, 2023
Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
