đ¨History of Decentraland MANAđ¨
Ariel Meilich and Esteban Ordano co-founded Decentraland, which launched in August 2017. The duo arranged collaborations with several companies such as Binance and Samsung for their metaverse project. The co-founders have since stepped down from management positions in the project but still act as advisors.
When Decentraland debuted, digital land parcels cost about US$20, and MANA tokens cost $0.02. Genesis City, the game's initial map, was made up of 90,601 parcels of land. In 2017, the project raised $26 million in its initial coin offering (ICO).
Users may buy and trade LAND, Estates, Avatar wearables, and names in the Decentraland Marketplace, which stocks several digital products and paraphernalia supported by the Ethereum blockchain.
Decentraland employs two tokens, LAND and MANA, to enable users to engage with the platform. Non-fungible LAND tokens carry coordinates of a single point on the grid, reference each parcel's data, and represent the individual ownership of land parcels. A ledger keeps a smart contract's ownership data. Users must burn ERC20 MANA tokens to get LAND, and service.#MANA/USDT #Write2Earn! #BinanceSquareFamily
