The fashion industry is among the earliest endorsers of [Metaverse tech](/news/article/what-is-the-metaverse), embracing its related technologies in various ways in recent years, including Metaverse Fashion Week. It allows fashion brands to interact with their customers in a more engaging manner. They can now introduce Web3 games, clothing NFTs, immersive shopping, and more to increase customer engagement. 

Metaverse also paved the way for [virtual fashion shows](/news/article/queens-of-the-metaverse). One such event was organised by Decentraland is the [Metaverse Fashion Week](https://mvfw.org/). Let's explore what it was all about and how brands participated. 

## What is Metaverse Fashion Week (MVFW)? 

One of the leading decentralised Metaverse platforms, [Decentraland](https://decentraland.org/), introduced a unique fashion event in 2022. It is an annual event that celebrates creativity in the fashion industry by showcasing digital wearables in virtual spaces. Famous designers and brands from the global fashion scene take part in it and exhibit their unique collections in their virtual stores.  

MVFW is a one-of-a-kind immersive show that connects multiple Metaverses so that a wider audience can enjoy it. The event extends over four days that includes various fun activities for fashionistas. Aside from the runway shows, the MVFW covers informative panel discussions, shopping in 3D virtual stores, immersive games, afterparties, and more.  

The inaugural MVFW took place from 24 to 27 March 2022. The show returned this year and was held from 28 to 31 March.  

## Metaverse Fashion Week 2023 (MVFW23) 

This year the MVFW event was primarily hosted by Decentraland. But since the organisers focused on interoperability, it also featured on two other Metaverses; Spatial and Over. The first one is a Metaverse platform specifically built for brands, where they can sell their products in a creative way. The second is an innovative decentralised Metaverse layer. It allows you to work with augmented reality to display objects in the physical world. 

The fashion week featured all the renowned brands like Coach, Tommy Hilfiger, Adidas, Dolce & Gabbana, Balenciaga, and others. The four days were packed with various runway shows, parties, and panel discussions. Aside from that, there were other fun events like theatres, guided tours, yoga sessions, fashion operas, exhibitions, and whatnot. According to Decentraland, there were more than 120 events in the week.  

The map of the event featured a new architecture named Neo Plaza, from where you could begin exploring different events in MVFW. It included virtual stores of all the brands that participated in the event. All the catwalk shows took place in the Luxury District. 

## Highlights from the MVFW23  

Here are some of the major highlights from Decentraland's virtual fashion show: 

- Metaverse interoperability was a first at the event, showing how multiple Metaverses can offer similar experiences simultaneously. However, it did not allow the users to go from one platform to another with the same avatar.  

- Around 26,000 users attended the MVFW23 event, as per Decentraland. The firm also claimed that around 50% of these users entered its Metaverse for the first time. 

- Neo Plaza was a new addition to this year's event, and users could enjoy a guided tour of the Plaza to explore the virtual spaces and experiences from different brands. 

- You can shop digital assets from the DCL Marketplace through your debit/credit card via Tansak.  

- More than 60 global brands participated in the MVFW23 and created numerous interactive experiences for their customers. 

- Decentraland also claimed that during the span of the event, around 72,000 sessions were logged in.  

- The virtual fashion week featured the first opera show in a 3D virtual world. 

## Decentraland users’ lack of interest in the MVFW23 

Even though the event was quite successful for the brands as they created innovative spaces, games, and experiences to engage with their customers. However, the number of users who joined the event was much lower compared to last year.  

A Metaverse analytical firm, GEEIQ, studied that the number of users dropped massively this year by 92%. According to the firm, only 9,000 unique users entered Decentraland's MVFW23. However, in 2022 a total of 108,000 users explored the events. One of the prominent reasons behind it is the declining hype for Metaverse.  

In March 2022, more people were intrigued by Meta’s idea of a digital world. But now the dynamics are different as Meta and other Metaverse companies have not had any significant breakthroughs. Besides, a new tech trend, AI, has stolen the limelight from Metaverse in 2023. Therefore, the masses are not as involved in 3D worlds as before. 

## Final thoughts 

Decentraland’s MVFW is an innovative annual festival for global fashionistas. It offers leading brands a platform to showcase their digital assets in an intriguing way. It also allows them to enhance customer experiences by offering immersive shopping stores and many fun activities.  

In 2023, Metaverse Fashion Week introduced unique features like interoperability, distinctive architectures, and special events. These features can be the stepping stones for the future of Metaverses and the fashion industry. 

Pink metaverse fashion week website and model

Exploring the Metaverse Fashion Week 2023 

Decentraland is a virtual reality platform built on Ethereum where users can create, experience, and monetize a variety of content and application. Its native currency is MANA. 

By offering a vibrant and expanding community of developers, creators, and users keen to explore the possibilities of the digital universe, this virtual world provides the opportunity to carve out your own corner and participate in the digital economy. 

[Decentraland ](/news/article/decentraland-crypto)came into existence in 2017 after an initial coin offering raised $24 million. After a series of closed Beta tests, the official public launch occurred in February 2020. Today, the platform remains a popular place for creatives to build online worlds that offer games, 3D environments, and a variety of interactive experiences. 

## Founders 

Decentraland was co-founded by blockchain entrepreneurs Ari Meilich and Esteban Ordano. Although neither founder is currently on the board of directors, they both continue to work alongside the project in an advisory capacity with the Decentraland Foundation. 

Both founders have long and varied careers in cryptocurrency development and continue to work, with Ordano responsible for both Smart Contract Solutions and Zeppelin Solutions. 

In addition to creating and building anything in a virtual world, Decentraland users have unbridled access to interactive applications, in-world payments, and peer-to-peer communications. This means that Decentraland can support various users, from entertainment to gamers to professional businesses and investors. 

Indeed, in early 2022 famed investment bank J.P. Morgan announced it was to open [a 'virtual lounge'](https://hypebeast.com/2022/2/jp-morgan-virtual-lounge-decentraland-first-bank-enter-metaverse) to capitalise on the anticipated $1 trillion worth of investment expected to come to the Metaverse in the next few years. 

## Governance 

This Metaverse is powered by two core components, LAND and Decentraland MANA, the native currency. 

LAND represents each parcel of cyber real estate and exists as an individual NFT. Decentraland MANA is primarily used to buy and sell virtual goods and services, and to vote on community governance. 

Decentraland MANA is an Ethereum-based ERC-20 token, which must be burned to obtain LAND ERC-721 NFT tokens. 

This unique environment is completely owned by its users, and, true to the blockchain ethos, the digital platform is governed by the Decentraland DAO (Decentralised Autonomous Organisation). This means that each community member has a say and influences the growth curve of the project. 

Decentraland MANA must be wrapped and converted into wMANA before users can commit the cryptocurrency to a vote. One wMANA equals one vote. MANA is easily purchased on various leading cryptocurrency exchanges. It can also be obtained by selling digital items in this online universe. 

The LAND token is used to distinguish real estate ownership and exists as an NFT on the Ethereum network in its own right. As with MANA, LAND can be used to secure voting rights. However, LAND does not need to be submitted to the[ DAO](/news/article/daomaker-guide). As you might expect, LAND is a powerful token to hold, with each coin representing 2,000 voting rights. 

LAND and Decentraland MANA tokens play a big part in the use of the platform. As a virtual world, Decentraland users can spend their tokens in whichever way they like and use the in-game marketplace to transact and transfer items bought and sold. Every transaction is conducted, regulated, and recorded on the Ethereum blockchain. 

## Virtual worlds 

This project is creating a digital ecosystem featuring almost every aspect of our everyday lives. One of the platform's biggest attractions is the ability to get involved in daily commercial or governmental life without leaving the comfort of your own home. 

The early vision was to provide a virtual world to anyone interested. However, it is now generally accepted that due to the prices of Decentraland MANA and LAND, barriers to entry can appear high for the average user. 

Players have total control and are allowed to vote on all in-game and organisational policies. While the original aim of the platform was to develop a form of decentralised virtual reality, many players believe that in its current form, Decentraland has turned into one large NFT market. 

Decentraland has been built in a three-layer structure using Ethereum smart contracts. The base-level consensus layer determines, tracks, and manages LAND ownership. The second layer deals with the actual content of the virtual world. Finally, the third layer - the real-time layer - deals with user interaction. 

The total game world, or Metaverse, is divided into 90,601 individual parcels of LAND. Each parcel is represented by an ERC-721, Ethereum-hosted NFT. Each LAND represents a square of 16m x 16m and has a unique identifier that records its location in the Metaverse. 

Although LAND owners are free to develop their plot in any way they choose, most of the environment falls into one of 39 districts, each with a unique name, size, and theme. At the time of writing, the [Aetheria Cyber Punk district](https://nftplazas.com/decentraland-districts/) is the largest, closely followed by the gambling district of Vegas City. 

## Tokenomics 

At the time of writing, some 1.8 billion Decentraland MANA tokens are in current circulation, representing 82% of the total supply of 2.19 billion. With a current price of $0.679, this gives Decentraland a market capitalisation of $1.259 billion. 

At launch, there were 2.8 billion Decentraland MANA tokens minted. However, due to burning due to LAND auctions, that figure has reduced by 22% to the number we have today. The circulation of MANA is managed further by another 2.5% burn of all tokens involved in marketplace transactions. 

As far as we know, 40% of MANA's total supply was sold during the initial coin offering (ICO) in 2017. A further 20% has been reserved for community incentives, and another 20% was given to developers and early contributors. Decentraland itself holds the remaining 20%. 

## Conclusion 

Decentraland has been built specifically for content creators, businesses, and individuals looking for a new artistic medium, business opportunities, and sources of income. 

The platform provides a creative outlet and allows many users to monetise their LAND through leasing arrangements that enable users to generate income in the virtual economy. 

The project represents the intersection of real and virtual worlds and is the oldest and biggest platform to do so. Once considered niche, virtual worlds and the Metaverse are slowly becoming the place to conduct business, socialise and shop as work-from-home policies and sky-high rents force consumers to rethink their approach to everyday life. 

As we become more familiar with the idea of the Metaverse, we are beginning to see a flow of real-world artists who want to showcase their talent in the virtual world. In April, Decentraland hosted Nashville singer/songwriter Jhett Black, who performed his [first show in the Metaverse](https://decentraland.org/). 

Decentraland is poised to benefit from the expected growth of the Metaverse and virtual worlds. Figures differ, but it is generally agreed that there will be massive value in the Metaverse and related platforms by 2030. The [World Economic Forum](https://www.weforum.org/events/the-growth-summit-jobs-and-opportunity-for-all-2023) projects a market worth in the region of $3 trillion by the end of the decade. 

As long as the team behind the project can continue to scale and onboard customers at the same rate as the first five years, there is no reason why this innovative platform cannot secure a significant portion of the industry for itself. 

decentraland mana token on green background

Decentraland MANA: Can it Live Up to the Hype?

Step 1: Open an exchange account: Sign up for a crypto exchange account to begin the conversion from GBP to MANA. Then, to validate the user's account, submit a copy of the investor's ID and fill in the necessary know your client (KYC) information. 

Step 2: Deposit: Fund your account with GBP. Please note some exchanges have minimum requirements, for example eToro  requires customers to deposit $10 (£8.25). 

Step 3: Look for the [Decentraland](/news/article/how-to-invest-in-metaverse) token (MANA)- go to the relevant investment page, search for 'Decentraland'. Go to the web page and click on 'Trade.'

Step 4: Obtain the Decentraland Token: Finally, inform the exchange how much money the you wish to invest in Decentraland, beginning with $10 (£8.25). Click 'Open Trade' to confirm. 

## Purchase mana with a credit or debit card

Credit/Debit cards are the two standard payment options for buying mana. The broker will not charge investors any deposit fees, but the investors' card issuer may charge them a small transaction facilitation fee. 

An investment of at least $200 (£165) and up to $40,000 (£33,000) to get started. It is also good to exchange gbp for US dollars before investors deposit. The minimum trading amount when purchasing on eToro is $25 (£20.62).

##Buy MANA with GBP using Paypal

Decentraland may be acquired using [PayPal](https://www.paypal.com/gh/home) on cryptocurrency trading sites such as eToro. 

The trade limit for purchasing with PayPal on eToro is $25, as it is for the other payment methods. PayPal allows users to deposit as little as $200 and as much as $10,000 into the brokerage. It would be advantageous if users additionally made USD deposits to avoid being charged a 2% currency conversion fee.

## Buy MANA without ID Verification

Due to increased calls for crypto regulation worldwide, most crypto exchanges and brokerages will not enable users to purchase tokens anonymously. 

However, a few that enable investors to obtain Decentraland tokens (MANA) without ID verification will keep trade restrictions to a minimum. The maximum deposit into an unconfirmed eToro account is $2250.


How to convert MANA to GBP on an exchange

This guide will help you learn about the best crypto games and how to earn money with play-to-earn digital games. 

Every gamer wishes to make some money while doing what they do best - playing video games. Because of crypto gaming, it is now possible to play to earn in games now.

Crypto games where you can play to earn have opened a new dimension to the gaming industry. Now, you can not only enjoy free-to-play games but can also make earnings while playing them.
These play-to-earn games deal in decentralised crypto tokens. The tokens work as in-game currencies, which you can liquidate into real cash, too.

If you're new to blockchain technology, you might find it a bit confusing. This is a guide on how to earn crypto playing games and some of the best crypto games to explore!

## Can You Really Earn Money Playing Crypto Games?

To most people, these games sound like a Ponzi scheme, and they often question, "are play-to-earn crypto games legit?". The short answer to that is yes.

These are blockchain games that allow you to earn in-game crypto coins. Through those coins, you can either buy other in-game accessories or can save the amount in your crypto wallet.
Most often, these play-to-earn crypto games require initial investments, and that’s where most people become hesitant. However, this investment works the same way as the investments for any other cryptocurrency.

## What's the Process?

Simply put, you buy an in-game character or item that can be an [NFT](/news/category/nft-news) and play the game through it. As you progress, you get in-game crypto coins. This way, you can earn crypto playing games and make large profits on your crypto investments.

## Understanding Play-to-Earn Crypto Games

Play-to-earn crypto games have an economic system that works on blockchain technology. A blockchain is a database where you can store digitised data as blocks of information. Cryptocurrencies leverage this technology in the best way. The reason for that is to make it a safe and secure alternative to standard currencies.

Information on blockchains is unchangeable. So, it provides transparency for each transaction in the blockchain. Also, as blockchains are decentralised, there is no single authority to control them, and all the users share their control.

You will find many play-to-earn crypto games now having their cryptocurrencies. They can either be free-to-play games or might need an upfront investment. Nonetheless, you can make profits from it by playing the games. These play-to-earn games run on a rewarding system. So, when you complete a mission or challenge, you get rewards in the game’s native cryptocurrency or NFTs.

## What’s the Purpose of NFTs in Blockchain Games?

Non-fungible tokens, or NFTs, are not only digital pieces of art, but they have several other real-world uses as well. One of which is their role in the gaming world. In gaming, an NFT can be your playable character or an in-game item that helps you in the gameplay. NFTs are the in-game currency instead of crypto tokens in some play-to-earn games.

When you play crypto games, you have to buy these in-game NFTs at the beginning of the game. These NFTs become your digital assets and let you earn profits. As you advance through different levels or complete quests, you can get in-game currency, aka NFTs, as rewards.

The best thing about NFTs in play-to-earn games is that they have real-world value. When you own an in-game NFT, you can also trade it for real money. Besides, as your digital assets live on an immutable ledger, your transactions will be secure. So, you can sell, buy, or rent the in-game NFTs as per your wish.

## Best Crypto Games to Make Money: The Top Five!

Now that you know the potential of crypto gaming, you might be interested in earning crypto by playing games. So, here’s the list of the best crypto games that you might want to explore to make large profits!

### 1. Axie Infinity
Axie Infinity is a leading play-to-earn crypto game. It is an NFT-based game that deals with two Ethereum currencies. The first is SLP - Smooth Love Potion - and the second is AXS - Axie Infinity token. AXS token has a higher value which is $21.65. On the other hand, the SLP value is relatively low, only $0.005587.
Axie Infinity is of the battle genre. There are different NFT characters, which you can buy and start playing the game. These NFT characters are Axies, who accompany you like your pets as you compete in battles.
The entire in-game economy of Axie Infinity revolves around Axies. You can breed them, raise them, and can trade the accessories. However, your main goal for earning more is to collect as many Axies as possible.

### 2. [Illuvium](https://www.illuvium.io/)
For a crypto game that can earn you high profits, Illuvium is worth trying. It is another NFT-based game where you can collect NFTs to earn crypto. The game’s cryptocurrency is referred to as ILV. ILV’s one token is worth $303.74, which shows the game’s immense potential.
Illuvium is a sci-fi auto battler game having seven adventurous alien landscapes. It works on the Ethereum blockchain and has a variety of collectibles. These collectibles include alien creatures called Illuvial.
Illuvium’s gameplay involves capturing and training Illuvials to form a strong team. You will have a better opportunity to earn ILV tokens when you complete its PVE quests, gain special achievements, or win tournament games.

### 3. Decentraland
Decentraland is one of the most popular titles among metaverse games. It is also a play-to-earn game that offers a stable crypto token, MANA. You can consider investing in MANA to generate a steady income stream. Currently, one MANA is around USD 1.19 and shows potential to make further gains.
This game offers a 3D virtual reality platform where you can build anything you like. From an e-store to a separate Decentraland game - you can build it all. To earn through this game, you have to buy a piece of land and wait till its price appreciates.
However, Decentraland also offers several other crypto earning streams. It includes developing your games, organising events, minting NFTs, or working for other landowners in the metaverse.  

### 4. The Sandbox
Another popular play-to-earn game cryptocurrency is SAND from The Sandbox game. Like Decentraland, the Sandbox is a metaverse platform. Its crypto token, SAND, is a stablecoin, having a current price value of USD 1.34.
 
On Sandbox, anyone can create games, as you do not need coding knowledge for its development. Moreover, if you are an artist, you can create NFTs with its VoxEdit tool. But for minting them, you would need approval from the creator’s fund.

The crypto earning streams, the Sandbox offers to mint NFTs and buy land to create castles or gaming experiences. It also allows players to buy a piece of land in the metaverse.

### 5. [Pegaxy](https://pegaxy.io/)
Pegaxy is a futuristic racing game based in the Pegasus Galaxy. In Pegaxy, players buy Pega (horses) to compete and win the races and collect Vigorus (VIS) – the in-game crypto token. As of now, VIS does not have a high real-world price, but the game looks quite promising.

Pegaxy has immersive visuals and involves competitive gameplay. The game has PvP mode, where you can compete with your own pega. When purchasing pegas, you have choices; the game offers a wide range of pegas with different characteristics. Besides racing, you can also breed pegas or rent them to earn more coins.

## Conclusion

Crypto has unlocked a new dimension to the gaming world. Now you can play games and earn crypto simultaneously. The gaming industry now has a genre of play-to-earn crypto games that have their own crypto tokens. These games reward you with digital assets that can be in-game currency or NFTs. You can trade or liquidate these digital assets for cash, as they are worth real money.
Exploring some of the best crypto games might be an excellent idea for any gamer looking to play and earn money!


Play-to-Earn Games: Can You Make Money?

Before we consider the top Metaverse coins, we need to understand the Metaverse.
Mark Zuckerberg’s strange virtual replica as he unveiled Facebook-rebranded-as-Meta. A digital art gallery in Decentraland. Live concerts in the immersive [Fortnite](https://www.epicgames.com/fortnite/en-US/home) universe. Whatever it is, there's no escaping the internet's favourite buzzword: “Metaverse."

## What is Metaverse?

This technology hybrid combines virtual reality, augmented reality, and video, which allow users to “live” within a digital universe. Supporters of the Metaverse imagine its users engaging in an activity such as working/playing and staying connected with friends through activities ranging from concerts and conferences to virtual world travel. Even though the Metaverse is still in development, some see it as the future of the internet. This includes Facebook's Mark Zuckerberg, who has rebranded the company as Meta.

Already, among other things, the Metaverse provides opportunities for gaming, education, commerce, virtual real estate, social networks, and entertainment. The Metaverse, unlike existing social networks, is powered by blockchain, incorporates cryptocurrencies, and gives users ownership of their digital avatars and assets.

## Top Metaverse Coins

Although there are different Metaverse [coins to buy](/news/article/which-crypto-roundup), invest in, or trade, the top four metaverse-themed cryptocurrencies are:

Gala: Gala Games, with 1.3 million monthly active users, is at the epicentre of the blockchain gaming revolution. It is a blockchain-powered gaming ecosystem with several games in testing or development. Gala was founded in 2019 by an American named Eric Schiermeyer, also co-founder of game titan Zynga, with the primary goal of creating enjoyable games that incorporate essential enigma for growth, such as play-to-earn, NFTs, music, and community engagement as part of their core strategy.

AXIE Infinity: You can earn AXS, Axie Infinity's utility and governance token, by joining the 2.8 million players who log in every day. Play-to-earn accounts for 20% of the AXS supply. In addition, after the introduction of staking, to which Axie Infinity allocated 29% of the AXS supply, interest in AXS has skyrocketed. (Staking grants crypto investors the opportunity to earn rewards by temporarily locking in their coins to help verify the transactions of a blockchain network.) So, if you don't want to play the game, but want to invest in the Metaverse’s growth, you could buy AXS and stake it to earn annualised rewards currently estimated 70%-plus. While this sounds appealing, the rate of return is not guaranteed, and the monetary value of your rewards could be much lower if the price of AXS falls.

[Decentraland](/coins/mana): Enter Decentraland, a virtual world. The Metaverse is more than just a gaming environment; it's a shared digital world where you can create environments and digital exchange assets, such as NFTs, with others. Decentraland is one of the success stories from the 2017 ICO boom, having raised approximately $26 million in ether from investors.

Sandbox: Like Decentraland, the Sandbox is an Ethereum-based 3D virtual environment where users can buy, trade, share, and monetise digital assets.
The Sandbox, launched in 2011 by Pixowl, was a successful mobile gaming platform with 40 million downloads before it became a blockchain-based 3D metaverse in 2020. The following year, it received a $93 million investment led by Softbank. Atari, CryptoKitties, and rapper Snoop Dogg are among the Sandbox’s 50+ partners.

The crypto market never gets boring, and who doesn't like waking up to new things every day?
 
 



Top Metaverse Coins: Which Cryptocurrencies to Watch

Metaverse Crypto has brought more projects into the non-fungible token (NFT) space. Although Binance Smart Chain, Solana, and Avalanche have tried breaking into the space, Ethereum remains the biggest NFT blockchain by sales volume.

Metaverse crypto projects in the crypto finance space run into the thousands as of April 2022. Having seen the impact of the non-fungible tokens (NFTs), several developers have turned away from creating decentralised applications or protocols (dApps) and have instead opted for digital collectibles.

This has seen thousands of crypto metaverse projects added to existing ones. Blockchain technologies come with native assets and so do the best metaverse crypto projects.

It is not surprising, then, to find questions like what are the best metaverse crypto coins, what are the best metaverse crypto tokens, and what are the top metaverse crypto coins on Google, DuckDuckGo, Yahoo Search, and Bing daily.

## What are the top metaverse cryptocurrencies? 

Of course, there are thousands of metaverse cryptocurrencies. We have selected Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA), ApeCoin (APE), and Enjin Coin (ENJ) as the top five in-demand metaverse cryptocurrencies.

### Axie Infinity (AXS) 

Launched in 2018 by the technology-focused game developer Sky Mavis, Axie Infinity is an ERC20 token. This means that the Axie Infinity ecosystem is housed in the Ethereum blockchain.

Axie Infinity is a massively successful play-to-earn game that allows users to earn rewards for completing specific tasks in-game. A great example of this is completing a level in a video game and earning, let's say, $50 for your effort.

This motivates gamers to engage with the entire Axie Infinity ecosystem and see the amount of money they can earn as rewards within a given period.
What’s more, once some of the in-game purchases are minted, they can be represented as an NFT that is indivisible, indestructible, non-interoperable, and verifiable.

These digital collectibles can be sold on an NFT marketplace such as OpenSea.

This is the primary reason why Axie Infinity has surpassed more than $4 billion in NFT sales volume.
As one of the top metaverse crypto projects, Axie Infinity has one of the most demanded metaverse crypto tokens in the form of AXS.

AXS became a tradable token in November 2020 and saw huge investor interest.
In the crypto boom of November 2021 that saw Bitcoin (BTC) test new milestones, AXS reached an all-time high price of $165.37 on November 6, 2021.

According to the projections of some of the reputable crypto news and forecasting portals, AXS could reach the best possible price of $143.52 by the close of 2022.

### The Sandbox (SAND)

As one of the best metaverse crypto projects out there, The Sandbox introduces blockchain technology to the gaming world.

By innovating a universe where there can be a creation and collection of blockchain-based assets, the Sandbox aims to revolutionise the gaming market.
With the rise in the popularity and demand for non-fungible tokens and increment in development activity on its platform, the Sandbox will continue to see the creation and trading of more NFTs.

The result will be a spike in demand for its novel token, SAND.

SAND is one of the most patronised cryptocurrencies, seeing more than $10 billion in monthly trading volume.
As meta-universe crypto, SAND reached an all-time high price of $8.44 on November 25, 2021, and continues to recover in the second quarter of 2022.

With that said, analysts, experts, and gurus at some of the most reputable crypto forecasting portals believe SAND could reach the maximum price of $8.50 by the end of 2022.

### [Decentraland (MANA)](/coins/mana)

As an ERC 20 token on Ethereum, Decentraland is a virtual reality (VR) platform that allows users to create, experience, and monetise applications and content.

Decentraland grants users the ability to virtually buy, develop, and maintain properties.
The largest virtual land sale, sold for around $913,000 in June 2021, happened on Decentraland.
Heading deep into the metaverse, there is a huge chance that thousands of developers would opt for Decentraland to purchase plots of land, develop those virtual properties, and monetise them.

This is what has contributed to MANA being one of the most in-demand metaverse cryptocurrencies of 2022.
As one of the most patronised virtual land cryptocurrencies, MANA continues to see more than $250 million as daily trading volume.

This confers positive reserve risk on MANA since its price is relatively smaller, but investor confidence in the asset remains high. Therefore, MANA could be considered an attractive investment with lots of hidden potential.

MANA reached an all-time high price of $5.90 on November 25, 2021. Experts think that the native asset of the Decentraland ecosystem could exchange hands at $4.42 by the year's end of 2022.

### ApeCoin (APE) 

Launched on March 17, 2022, APE is the novel token of the ApeCoin ecosystem. APE was inspired by one of the most successful NFT projects called the Bored Ape Yacht Club (BAYC) and its sister project, the Mutant Ape Yacht Club (MAYC) by Yuga Labs.

In the not-too-distant future, APE will be used in several play-to-earn games lined up by the ApeCoin Foundation.

As of April 2022, APE can be used to earn rewards in the metaverse crypto game Benji Bananas.
Aside from being a strong part of the metaverse, APE has also achieved mainstream attention with the support of the coin as a payment method by crypto casino BC.GAME.

What’s more, for the lovers of TIME Magazine, APE can be used by subscribers to pay for the magazine’s digital editions.

After reaching an all-time high price of $39.40 on the day of its launch, APE has been rated highly by several experts as one of the go-to metaverse crypto coins in 2022 and beyond.
Forecasts from leading analysts in the crypto finance space say APE could reach a trading price of $26.82 by the end of 2022.

### [Enjin (ENJ) ](https://enjin.io/enjin-coin)

Founded in 2017 and launched in 2018, Enjin is one of the best metaverse crypto projects housed in the blockchain technology of Ethereum.

Enjin provides an ecosystem of blockchain-based gaming products that are interconnected.
Game developers can tokenise in-game items on Ethereum.
Its novel token, Enjin Coin (ENJ), serves as a utility token that can be used to buy, sell, and trade some of the in-game items at real-world value.

As one of the most demanded metaverse crypto coins, ENJ continues to see at least $88 million as daily volume.

This is why the coin is projected to reach at least $3 before the end of 2022.
Overall, most of the best crypto metaverse projects are housed in the ecosystem of Ethereum.

This means that its native asset, Ether (ETH), is involved in swapping tokens for AXS, ENJ, MANA, and APE.



Metaverse Crypto: What are the best coins?

When some see the phrase ‘London hard fork Ethereum’, elegant UK table manners while enjoying a digital dining experience in [Decentraland](https://decentraland.org/) may come to mind. 

This in fact refers to something a little less delicious and more technical as the ‘London hard fork’ was the name given to the Ethereum Improvement Proposal 1559 (EIP-1559). This upgrade was implemented on the 5th of August 2021 and is a key component of the Ethereum networks overhaul from proof of work to proof of stake.

Key takeaways under the London hard fork Ethereum upgrade

•	A base fee and tip system which makes the user experience smoother.

•	A fee-burning mechanism that assists ETH in becoming a deflationary crypto currency in the long term.

•	The industry believes the update in the transaction system could save approximately 90% in transaction costs.


## London hard fork Ethereum updates improvements to the transaction fee system 

A significant aspect of the update was the change in the transaction fee system to improve user experience and save ETH on gas prices without sacrificing confirmation times. 

In the legacy system prior to the London hard fork Ethereum update, transaction fees could be very volatile and transaction priority would favour whales on the network who could afford exorbitant transfer costs.

Transaction fees before the update was based on a first-price auction mechanism. This works by senders specifying fee bids, also known as gas prices, they are willing to pay for their transaction and miners choosing the transactions with the highest bid to include in the block.

This resulted in congestion, increased gas prices and often users would need to pay more transaction fees (gas fees) than others on the same block.

The London hard fork Ethereum update removed the first-price auction mechanism. Gas fees are now made up of a mandatory algorithmically determined base fee and a priority fee (tip).

The base fee is paid in Ether and can fluctuate depending on the load of the network. The networks aim is to keep the utilisation rate near 50%. If the block is over 50% full, the base fee automatically increases. If the block falls below 50% full, the base fee automatically decreases. This regulates network congestion and allows for transaction costs to be set automatically for wallet providers. 

## What if you would like to the speed up the processing of your transaction? 

No problem, priority fees (tips) can be added as a form of gratuity on top of the base fee. Priority fees go to miners which gives them strong incentive to favour transactions with tips. In ideal network conditions blocks are rarely filled over 50%, leaving the remaining half of the block for tip transactions. Depending on how full the block is (utilisation) even a tiny tip is sufficient to guarantee that the transaction gets included in the next block. 

## Burning mechanism under the London hard fork Ethereum update

Another major aspect of the update is that part of the base fee is burned i.e., eliminated from circulation which will begin to reduce the supply of Ether and potentially increase the digital assets price.

ETH which has a price of approximately 2334 pound per coin at the time of writing 5 May 2022 has no maximum limit to the mining of Ether which makes it an inflationary cryptocurrency. The EIP-1559 burning mechanism which will slowly reduce the supply of Ether has been viewed as a positive step in making Ethereum a deflationary asset in the long term. Experts suggest this implemented proposal alone will not make ETH deflationary as the nominal amount of gas burned won’t outpace network inflation. Rather the London hard fork Ethereum update in conjunction with future proposal executions to assist in the transition to Ethereum 2.0, will make Ethereum completely deflationary.

## The ‘Merge’ to come

The next major protocol update will be the ‘merge’ of the Beacon Chain with the Ethereum Mainnet. We’ll be tracking the developments of impending EIP’s on network, for this and more of the latest crypto news check out [Latest Moni](https://www.monitalks.io/news/article/decentraland-price-prediction-2025).




London Hard Fork Ethereum Update

A [Decentraland](https://decentraland.org/) price prediction for 2025 is a tough ask.

Decentraland is a virtual world metaverse that uses the Ethereum blockchain for users to explore through the online platform. Decentraland users buy and sell digital real estate, explore, interact and play games within this virtual world. 

Decentraland was launched in 2016 by Esteban Ordano and Ariel Meilich alongside Chief Executive Officer James Ashton, raising $25.5M in funding from six well-known participants in the process. Decentraland uses a cryptocurrency known as MANA, which is also its governance token and payment mode.

## Environmentally Friendly NFTs

Adoption of Decentraland by users is predicted to bring companies on the platform, where they can open their stores. Another use of Decentraland is music festivals. Late last year, it is believed that 80 artists were planning to hold a concert through the platform. In January 2022, Decentraland hosted a complete virtual coverage of the Australian Open tennis tournament Decentraland is also looking in the direction of environmentally friendly NFTs.

On January 1, 2021, [Mana](/coins/mana) was valued at around $0.08, and within a year, it was trading at more than $5. Now the token is hovering at just over $3. Mana has gained more than 320% in the last six months. By 2025, the Decentraland price may hit $50 if the market continues to see a good bull run. It could even hit $63.17 if longer-term investors continually hold it.

## Decentraland Prediction 2025

The Decentraland price prediction 2025 will likely be around the $15 margin. This will be more than a 350% increase from the current prices. From a technical point of view, looking at the daily chart, the next significant resistance level sits at $3.5. If it breaks and continues a bullish run, the next major resistance level could be around $5.2-5.3. This would be more than a 60% price increase by the end of the year.

This looks likely based on the historic pattern of prices continually rising and the fact that it seems to be the direction the world is heading in.

However, prices could fall towards $2 and below that, as low as $0.6, based on previous support levels from a technical point of view. This seems unlikely at this point.

## Conclusion

To conclude, Decentraland is gaining attraction from large-scale investors such as Grayscale. The fact that the Metaverse seems to be becoming increasingly popular makes Decentraland one of the best crypto investments. However, like all financial instruments, it’s subject to volatility and fundamental analysis. No one can take a crystal ball and predict exactly where it will be in three years.


Decentraland Price Prediction for 2025 

Where do you find Metaverse coins? In the Metaverse, of course. But what's that?
The Metaverse forms a bridge between the real and virtual worlds and is expected to grow rapidly in the coming years.

Some industry experts expect it to be valued between $800 billion to $1 Trillion within the next couple of years. Here are a few of the most valued ‘metaverse coins’ by market capitalisation.

## AXS

AXS is the first ‘metaverse coin’ discussed. It stands for[ Axie Infinity](https://axieinfinity.com/) Shard. Inspired by Pokemon, it was created for use on Axie Infinity’s platform. It is a game where users breed and train Axies to fight each other. Users can also exchange their islands or any items on the game. 

The game has two modes. They are Adventure Mode, where users fight and complete each level, and Arena Mode, where at least two Axies battle off. The rise in popularity within crypto gaming tokens is partly because many investors are interested in NFT, allowing them to understand this type of crypto better. AXS token holders can also vote, stake, and pay for any products.

## MANA

MANA is used to buy and sell items on the Metaverse platform, [Decentraland](https://decentraland.org/). MANA’s value fluctuates based on the current state of the cryptocurrency market. It becomes more expensive following an important event on Decentraland, such as the purchase of a high-value plot of land - just like a company’s share prices increase after positive news.

## SAND

SAND is the original cryptocurrency of The Sandbox, where users can search for and purchase land and create structures to sell. All items acquired are 100% owned by the player creating further revenue opportunities for gamers. This utility token is also used to play games, purchase equipment, and build/customise avatars. Furthermore, you can also earn tokens when playing. People who have the token can also vote on decisions that may affect the game's future development.

## THETA

[Theta](https://www.thetatoken.org/) is software that seeks to encourage a global network of computers to form through incentives. It is a decentralised video streaming platform. As there are restrictions based on location, some areas can not keep up with increasingly high-quality streams. Theta, a “metaverse coin", changes this perspective by letting a global pool of users relay videos by offering their spare bandwidth and computing resources. The more users join the Theta network, the more bandwidth is available, which improves the streaming quality of the videos on the network.

## APE

[ApeCoin](https://apecoin.com/) DAO allows all APE token holders to be involved in governance decisions, such as how to allocate the Ecosystem Fund, governance rules, selection of projects and partnerships, and so on. After voting on the proposals, the APE Foundation carries out the decisions. Yuga Labs, which created the Bored Ape Yacht Club NFT collections, also use APE as the primary token for all their products and services.

More [Metaverse news](/news/category/metaverse-news).
 



Metaverse Coins: Currency of the Future

Throughout 2021, cryptocurrency heavyweights like [Bitcoin](/news/category/bitcoin-news) and [Ethereum](/news/category/ethereum-news-today) experienced sharp declines in value, however, the market showed remarkable resiliency and ended the year in bull market territory.  As we begin another new year, cryptocurrencies are _again_ experiencing sharp declines (hardly anything new for the month of January) and, while the most heavily capitalised cryptocurrencies, like Bitcoin, decline in value, other digital assets, referred to as “altcoins,” are gaining an increasing amount of attention from new investors. 

## What Are Altcoins?

Altcoins, an abbreviated way of saying “alternative coins,” are nothing other than digital assets **not** called Bitcoin.  As of November 2021, there were over 14,000 altcoins trading across a wide array of crypto-exchanges operating on the market.  The rate at which Millennials and members of the Gen Z demographic are piling into altcoins, more than any other generation, is sure to make 2022 an especially big year for these digital assets.  These two groups account form a portion of society that has never known a world _without_ the internet and their accelerated level of digital adoption and keen interest in digital assets is expected to drive the popularity and adoption of altcoins to new records. 

## Market Cheerleaders

The lot of these two groups account for the majority of the market’s “cheerleaders” or the digital asset crusaders loudly promoting their belief that cryptocurrencies are the vanguard of a financial revolution.  And why not?  It’s easy to understand how cryptocurrencies fit the lifestyle of these two groups.  If we examine them a bit more closely, we see how technically adept they tend to become at a very young age, and this is what drives their preferences for financial transactions that are achieved through digital means over other more traditional methods. 

Vendors haven’t failed to notice.  Organizations, large and small, are recognizing the widespread adoption of cryptocurrencies among the younger generations as an opportunity to grow their own businesses.  The list of organisations announcing their acceptance of cryptocurrency as a form of payment is steadily growing.  The rapid adoption of altcoins by younger investors also sheds a bit more light on why mega-retailers, like Amazon, are investing so heavily in cryptocurrency and blockchain technologies.

## Expect a Steady Rise in Altcoin Popularity

In the new year to come, it’s safe to anticipate that altcoins already experiencing a steady rise in popularity will pick up _even more steam_.  Perhaps most notable of all, investors should develop a keen interest in the “metaverse” and the role it is playing not just in the lives of the younger generation, but in all our lives.  These virtual reality worlds are developing economies all their own and many, like Decentraland and The Sandbox, have their own cryptocurrencies that players use to exchange online goods and even purchase virtual real estate.

Here are a few of the more popular altcoins to watch in 2022:

[**Solana (SOL)**](https://coinmarketcap.com/currencies/solana/): Up more than 13,000% in 2021.  Logically, most think their opportunity to buy in has long since passed, but Solana has a reputation as a low-cost platform that can be very competitive with Bitcoin meaning there is room yet to grow. 

[**Decentraland (MANA)**](https://decentraland.org/): We mentioned the metaverse earlier, and MANA is what they mean when they say “buying the metaverse." In the [Decentraland](https://decentraland.org/) metaverse, one can purchase virtual real estate, buy shop fronts, and so much more.  MANA is the currency of this virtual world.

[**Chainlink (LINK)**](https://chain.link/): As the use of smart contracts continues to increase, so too will the value of Chainlink. 

Altcoins give us many reasons to be excited about the future as these smaller coins offer more upside potential, but this market hasn’t yet matured – altcoin prices can be significantly affected by rampant volatility and it’s important for investors to keep this in mind.

Altcoins Drawing Interest from Millennials

Since Mark Zuckerberg moved to rebrand Facebook, and everything under his company’s control, into a new entity called “Meta,” much of the mainstream public was introduced to the term _metaverse_. But what is the metaverse?

Quite simply, a metaverse is a _virtual_ world.  It’s an online environment where people adopt the form of avatars to play games, build things, or just socialise.  The important takeaway is there is not _just one_ metaverse like there _is one_ Internet.  Facebook is only one of _many_ companies planning to offer users the ultimate “virtual world” in hopes of enticing them to bring their digital avatars and come live in _their_ world.

While the mainstream public decides whether the metaverse is something they need to take seriously, a large segment of the cryptocurrency investment community already has. 

The real value of blockchain technology is becoming more evident as cryptocurrencies play an increasingly more prominent role in the metaverse, serving as the medium used for the transactions that occur in these virtual worlds.  Metaverses that use cryptocurrencies such as Decentraland and The Sandbox have gone gangbusters lately in terms of popularity.

## Virtual Real Estate

There is even an emerging _virtual_ real estate market, and people are beginning to snatch up virtual plots of digital land in these electronic environments for substantial amounts of money.  One plot of land sold for a jaw-dropping $2.4 million on Decentraland’s platform.  Every kind of social activity from virtual performances to browsing shopping malls will have a presence in the metaverse.  As more and more people begin “living” in these virtual worlds it is anticipated that digital property owners may even begin to work with recognisable brands that want to build up a presence in the metaverse.

While traditionalists and curmudgeons still think investing in the metaverse is janky at best, the health-care industry is already adopting the same technologies, like virtual reality and artificial intelligence, to power their medical devices.  In other words, this technology is proving to be applicable to more than just gaming.

In the last analysis, there are some very influential people who are driving the adoption of the metaverse by suggesting they _truly will_ change the world in much the same way the internet did when it began in 1995.  If they prove to be right, the following three cryptocurrencies stand to gain significantly in the months to come:

### Decentraland (MANA)

[Decentraland](https://decentraland.org/):  MANA, the cryptocurrency of Decentraland’s platform, reached an insane market cap of over $10 billion in November but has cooled a bit in the last few days, along with the rest of the market, settling at a market cap of just over $6 billion.  MANA is considered _the_ digital coin to watch as the metaverse wars heat up.

### Sandbox (SAND)

The Sandbox: In this writer’s opinion, the cryptocurrency SAND is in the strongest position to benefit from mainstream adoption of the metaverse.  It is the cryptocurrency of the “The Sandbox,” a hugely popular platform gaining more users by the day.  Though falling more than 25% in the last seven days, SAND skyrocketed more than 300% in the month of November alone.

### Axie Infinity (AXS)

[Axie Infinity](https://axieinfinity.com/): The blockchain name of the very popular online crypto game that lets users play to collect in-game (AXS) currencies.  The AXS market cap is currently just over $6 billion but reached a high of nearly $10 billion last month.  Pundits suggest that AXS could double in the near term if mainstream adoption of the metaverse continues.

Bitcoin is still the largest cryptocurrency by market value, though its dominance has steadily declined as other cryptocurrencies draw the attention of investment communities.  Bitcoin now accounts for around 40% of total market value, down from 70% in January 2021.

The Popularity of Metaverse Crypto Continues to Grow

What an incredible year for the value of altcoins and lesser known digital assets. It would seem that all that is needed for them to go from complete obscurity to front page news is the connection to the right meme or to benefit from a well-timed tweet from some quirky and eccentric billionaire.

A cryptocurrency called Omicron is currently enjoying such notoriety, if only momentarily.

## Beast Mode

While treading water for much of the past week, the popularity of Omicron went into full ‘beast’ mode once the media announced a coronavirus variant that had been discovered in southern Africa and was given the same name as the coin.

From what we can determine, Omicron was launched on or around November 8th but already it’s identifiable by much of the mainstream public. The coin shot up 10 times in value from last week Friday till Monday as the news of the virus permeated all the major news outlets.

‘Experts’ said the rapid rise in popularity was likely attributable to the fact that both the new coronavirus variant and the coin share the same name. Good guess.

### There are other coins, once relatively obscure, that have quickly risen in popularity as well:

**SAND** – A digital asset that’s being mega-hyped by metaverse enthusiasts. SAND are tokens that can be traded or earned upon completion of certain adventures within the popular virtual gaming world called Sandbox. The digital coins recently traded at around $7 and have enjoyed an eye-popping 80%+ increase in value in the past week alone.

The metaverse, which is a combination of multiple technologies, including virtual reality and augmented reality where users can hypothetically ‘live’ within the technical platform, is gaining attention from some very big, highly recognisable companies that are considered industry leaders. According to a recent statement from one such company, Adidas, they are keenly focused on how the metaverse develops saying that it is ‘…currently one of the most exciting developments in digital, making it an interesting platform for Adidas’.

**MANA** – Another coin that’s riding the Metaverse wave of popularity. The MANA coin is associated with the [_Decentraland_](https://decentraland.org/) Metaverse and rose from $2.81 to $4.67 during the month of November. If metaverse environments pique your curiosity, Decentraland is an interesting story. There were many headlines that mentioned Decentraland last month which has a tendency to happen when a nation like Barbados starts to make remarks that it is taking steps to setup a virtual embassy in Decentraland’s metaverse.

The increase in value of altcoins mentioned above seem to have been initiated by Facebook’s announcement in October that the company would be adopting a new name - Meta, a new mission that hopes to ‘bring the metaverse to life’.

Overall, the cryptocurrency market demonstrated mixed results this week.

As we close out 2021, Bitcoin was projected to reach a year-end value of $100,000, but in terms of reaching that value, the market’s key digital asset would need to stage more than a 75% rally in the next four weeks.

BTC Set to Miss Expectations; Altcoin News

Step aside NFTs, the metaverse and GameFi token craze is real. In what has been a dismal week for major cryptocurrencies like Bitcoin and Cardano, largely due to the signing of the US Infrastructure Bill, the rejection of a US spot Bitcoin ETF, crazy Bitcoin profit bookings, further Chinese crypto sanctions and news of the possibility of crypto being banned in India, many metaverse and gaming tokens have experienced considerable growth.

MANA, SAND and GALA in particular have witnessed substantial growth. Public sentiment is so bullish at the moment that a Decentraland patch of real estate [sold for nearly $2.43 million](https://www.reuters.com/markets/currencies/virtual-real-estate-plot-sells-record-24-million-2021-11-23/) on 23rd November! Following Facebook's rebranding to Meta last month, the world is looking at such projects with keen interest. GALA is a gaming asset worth looking at closely.

## What is GALA and should you buy it?

I am not giving you investment advice but wow, GALA sure is a fascinating investment prospect. In the past year, GALA has surged 200,000+% and reached an all-time high of nearly $0.06 on 25th November. GALA powers the Gala Games ecosystem, an Ethereum-based gaming network.

Gala Games currently offers 2 blockchain-based games and is developing 3 more. The decentralized ecosystem is controlled by its users – all decisions are taken by node holders and players, be it related to the development of a new game or what should be funded by the ecosystem.

Node holders can run nodes (Gala Nodes) via their computer systems and earn rewards such as GALA, limited edition NFTs and much more. You can purchase a Gala Node license for the same. All items that you win in-game are yours and are verifiable assets on the blockchain. GALA represents a long-term investment option, so explore its underlying project at your convenience.



Metaverse tokens and GameFi – a new trend

Facebook, and parent company, Meta, have been in the media a lot lately.  While not all of the headlines have been good, a recent one that announced Mark Zuckerberg's company’s mega-investment of $10 billion into creating “the metaverse” should pique the curiosity of crypto communities around the world. 

Metaverse is more than a new buzzword, and it is _not_ unique to Facebook.  Microsoft is another industry titan trying to lay its own claim to this so-called metaverse. They may, in fact, be _leading_ the charge considering how Microsoft has already adapted several technologies currently used in these environments.

## What _is_ a metaverse? 

The term was first used in Neal Stephenson’s 1992 science fiction novel, "Snow Crash."  In it, Stephenson hatched the term when he described avatars who would connect and congregate in 3D buildings and other virtual reality environments.  In our world, metaverses are best defined as digital universes that people access with a virtual reality headset. This allows them to work and play in an imaginary, digital realm.  It’s virtual reality at its finest.

Here’s where it gets interesting – the leading members of the technology brain trust are convinced that the metaverse represents _the future of the internet_, and it’s rapidly evolving.  With metaverses making more strides into becoming a reality, we are learning that to truly become _fully_ immersive worlds with their own economies, they need to have a form of currency.

That’s where digital assets come into play as they are often paired with blockchain VR social platforms. This is so that people can buy items within the game, such as land, weapons, or other items that can be traded with other players. 

## Top 3 Cryptocurrencies for Metaverses

Here are three of the top cryptocurrencies well positioned to serve as the economic backbone of future metaverses:

### **SAND**

The Sandbox is a virtual world (metaverse) where players can build, own, and monetise their gaming experiences in the Ethereum blockchain using the platform’s token, (SAND).  SAND has a current market cap of over $2 billion and the Hong Kong-based gaming platform very recently raised $93 million from SoftBank. SoftBank is apparently committed to watching Sandbox further expand its digital world.

### [**Decentraland**](https://decentraland.org/)

Decentraland is another blockchain-based metaverse powered by the ETH blockchain.  Here, users can purchase plots of digital real estate called "LAND.”  Users are then able to buy plots of LAND using the metaverse’s in-game cryptocurrency token, (MANA).  Users can both purchase LAND in this metaverse as well as use their MANA tokens to pay for in-world goods and services.  At present, MANA has a market cap of over $4 billion and since trading at around $0.08 this past January, MANA has shot up to $3.18 today.

### [**Enjin**](https://enjin.io/) 

The self-proclaimed “largest gaming community platform” currently boasts more than 250,000 gaming communities and more than 18 million registered players.  The Enjin Coin (ENJ) is an Ethereum-based coin with a market cap of almost $3 billion.  The main use case for Enjin is creating ENJ backed assets that can be accessed in games.  For example, developers can create items such as weapons, and back them with a certain amount of ENJ coins. 



Metaverse from Facebook has Begun- 3 Coins to Watch

Launched in 2015, Decentraland is the fastest-growing role-playing metaverse. You can create your scenes and applications, explore other users’ environments, and even trade some of your properties to earn huge profits.

Decentraland’s economy runs on the Ethereum blockchain with Fungible Tokens, called MANA, acting as the game’s currency. All you need is to invest these tokens wisely and grow your properties to make money in this metaverse.

If you think buying virtual land is crazy, then here’s a surprise for you: investors are shelling out millions of dollars for virtual parcels of land, and Decentraland is THE platform to be on.

## Community

It must be called a community just based on the fact that there are concerts on Decentraland! It’s an awesome way to discover and also support new and talented artists you may have never heard of had it not been for the power of Decentraland.

Concerts are one of an infinite amount of ways to even meet other players like yourself!

Some folks are even living their dreams. The ability to buy virtual land also allows for certain entrepreneurs who are following through on what might not have been possible in the physical.

People are opening art galleries, studios, karaoke bars, live comedy clubs, dog parks, and my personal favourite: casinos!

Owning land within a casino is a very interesting aspect of earning income via Decentraland. Imagine owning a few blocks of space, enough for a few table games. Maybe blackjack, maybe baccarat- but regardless of the game on your blocks, you earn income from the table rake (similar to a real casino) every time you have players on tables. The longer they stay the more you keep earning.

## MANA pricing

The live Decentraland price at the time of writing (Oct. 14, 2021) is $0.77 USD with a 24-hour trading volume of $63,348,346 USD.

The current CoinMarketCap ranking is #76, with a market cap of $1,403,337,839 USD. It has a circulating supply of 1,816,956,991 MANA coins and the max. supply is not available.

If you're intrigued and want to buy Decentraland, the top exchanges for trading in Decentraland are currently Binance, Huobi Global, Crypto.com, OKEx, and FTX.

## Is it worth your time?

If virtual worlds intrigue you and you have plenty of time, go for it and knock yourself out you’re gonna love it.

For most like me, you might not have the time to live out your digital dreams of a comic book store but you will have time to make money. Simply buying and holding MANA is a good start. It ensures that you at the very least are holding a currency for an ever-expanding virtual world. And if you ever want to play blackjack with that MANA, come on by there’s an open seat

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