What is Decentraland (MANA)?
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Written by Ignat
Updated over a week ago

Decentraland is a virtual reality platform powered by Ethereum that allows users to create, experience, and monetize content and applications. It exists as a virtual world where users buy plots of land – each represented by an ERC-721 non-fungible token LAND – to build upon. Apart from LAND, Decentraland also uses an ERC-20 token MANA that must be burned to acquire LAND and can also be used to customize your world.

Decentraland is a decentralized autonomous organization and as such its future is decided by its users, who propose and vote on policy updates, the types of content allowed etc. In addition to using Decentraland as a creative outlet, many users monetize their LAND via advertising, leasing and paid experiences, while others create and sell items on the Decentraland marketplace for MANA.

Check out this article to choose the most convenient way to buy cryptocurrencies, including MANA.

Important: please note that MANA deposits and withdrawals are currently not supported. You can buy, exchange and store MANA. If you'd like to receive or send it, you'll have to first exchange it for a currency which supports crypto deposits and withdrawals – you can always check with the list in this article.

In compliance with the Financial Promotion Act which came into force on 8 October, 2023, at 8 AM UTC, some account functionality is temporarily limited for the Cryptopay customers with verified UK residency.
Check what services are available: Service availability in the UK

The world of crypto is vast and intricate - if you feel overwhelmed, check out Cryptopay Learn. It is a perfect place to start for beginners trying to understand the basics of crypto. For more experienced crypto enthusiasts, this is also an excellent opportunity to brush up on their knowledge. The more you learn, the more you earn!

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