Decentraland is a platform of virtual reality or virtual world that runs on the Ethereum blockchain. Decentraland lets users create different interactive objects and artefacts. Items and land are non-fungible tokens in Decentraland and can be traded/bought/sold and exchanged on the internal marketplace. The platform uses MANA and LAND coins. MANA is a utility and governance token used for settlement and management. The Decentraland Metaverse is run by a Decentralized Autonomous Organization (DAO). To participate in the governance of the DAO, users convert their MANA tokens into packaged MANA tokens (wMANA) and commit them to the DAO. MANA can be traded with Bitcoin (BTC), Tether (USDT), and Ethereum (ETH), as well as can be purchased with various fiat currencies, including KRW and USD.
How To Buy Decentraland or Add it to your Strategy
The fastest, most convenient way to purchase Decentraland is to purchase it on ICONOMI. We check Decentraland live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Decentraland by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Decentraland is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Decentraland, we recommend you read the next section, as copying might be a better approach.
Add Decentraland to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Decentraland in their structure.