Cryptocurrency Q&A
What currency is used in Decentraland?
What currency is used in Decentraland?
Tommaso
Tue Jun 25 2024
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6 answers
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As a keen observer of the cryptocurrency and finance landscape, I'm curious to know what currency is used in Decentraland, a virtual reality platform that has gained significant attention in recent times. Given its decentralized nature and emphasis on user sovereignty, I imagine the currency used would be a key aspect that enables transactions and interactions within the platform. Is it a popular cryptocurrency such as Bitcoin or Ethereum? Or perhaps, Decentraland has its own unique token? Clarifying this question is crucial to understanding the economic ecosystem within this virtual world.
6 answers
TopazRider
Thu Jun 27 2024
Within Decentraland, users can utilize MANA tokens to purchase various virtual goods and services.
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Chloe_thompson_artist
Thu Jun 27 2024
MANA token serves as the fundamental unit of exchange within the Decentraland ecosystem.
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Riccardo
Thu Jun 27 2024
As the native currency, MANA is built on the ERC-20 standard, which ensures its compatibility with the Ethereum blockchain.
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ShintoBlessing
Wed Jun 26 2024
One such use case is the acquisition of avatars, which are customizable representations of users within the virtual world.
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BitcoinWizardry
Wed Jun 26 2024
Additionally, MANA tokens can be exchanged for wearable items, enhancing the visual appearance of avatars.
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