Decentraland (MANA) Price Up By Over 75% Over Metaverse Craze.

Decentraland (MANA) Price Up By Over 75% Over Metaverse Craze.

2022-02-05 | Selina Mathew

Decentraland (MANA) Price Up By Over 75% Over Metaverse Craze.

Decentraland (MANA), a virtual reality (VR) environment based on the Ethereum network that lets consumers produce, participate with, as well as monetize digital content via a range of immersive activities, is one among the project that is gaining traction in its endeavor to bridge the ancient with the contemporary worlds. The impact of blockchain technology on the continuing digital transformation cannot be emphasized, as the growth of the Metaverse, as well as the incorporation of virtual reality, is changing the manner people communicate on a worldwide scale. According to information from CoinMarketcap and TradingView, the price of MANA has risen 70% in the last two weeks, from a low of $1.70 on Jan. 22 to a daily high of $2.90 on Feb. 1,  while the larger cryptocurrency market battled under negative pressure. It is presently trading at a price of around $2.98 USD at the reporting time on Feb. 5th. The incorporation of real-world enterprises into the Decentraland environment, a rising community of famous people who are expanding on the protocol, plus enhancements to the user interface all point to a bright future for the Decentraland community. MANA

MANA/USD PRICE CHART: SOURCE - COINMARKETCAP.COM

Bringing TheReal & Virtual Worlds Together

"If you create it, they will come," is a prominent saying from the film Field of Dreams, and it looks like the old saying is beginning to apply for Decentraland since it is not only average people but major, worldwide renowned companies who are claiming virtual real estate. As nonfungible tokens (NFTs) gained prominence in 2021, a few of the digital artifacts made their route into auctions at prestigious auction houses such as Sotheby's, where they attracted multi-million dollar bids. By building a virtual auction framework in Decentraland, Sotheby's has already become a staple in the digital cryptocurrency environment, where they keep breaking down that wall between the real and digital worlds. Not merely auction houses have been buying up virtual land; firms from all industries are pursuing suits in order to stay viable with newer generations while the Metaverse is becoming a real thing.

Stars, As Well As Influencers, Are Flocking To The Metaverse

A further cause to be optimistic about the future of virtual land initiatives such as Decentraland is the acceptance of famous people trying to create their businesses in virtual reality. As prominent artists and producers expand their virtual footprint, their fandom will become more aware of the possibilities of blockchain technology as well as Virtual Reality, which has the ability to bring in a fresh surge of acceptance. Evidence of this can be found in activities such as the Metaverse Fashion Week in Decentraland, which drew the notice of corporations such as Vogue Magazine for its capacity to exhibit the newest fashion developments to audiences all over the globe.

The "User Experience" Is Always Improving

A third reason attracting consumers to Decentraland is the enhancement of the user experience as well as the growing quantity of cross-platform integrations. The protocol has also incorporated a "My Store" component, which enables all customers to organize as well as monitor their collections while also developing their unique brand. As of the most current version from the project's creators, further upgrades for 2022 will involve the introduction of a desktop viewer, social as well as voice chat enhancements, connected NFTs as wearables, tokenized emotes, smart wearables, as well as a smartphone application prototype VR client.

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