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About Decentraland
Decentraland is a virtual world owned and governed by its users, where land parcels and items are represented as NFTs. MANA is the currency used inside the world to buy land, wearables and services.
How Decentraland Works
The world is divided into parcels of LAND, each an NFT that its owner can build on and monetize. MANA is spent to buy LAND and items, and is burned in the process of certain purchases. A decentralized autonomous organization holds the contracts and treasury, so users vote on policy and spending.
The History of Decentraland
Founded by Ari Meilich and Esteban Ordano, the project raised funds in 2017 and opened to the public in 2020. It drew heavy attention during the metaverse enthusiasm of 2021, when virtual land prices rose sharply, and has since hosted events, brand activations and conferences inside the world.
What MANA Is Used For
MANA buys LAND, wearables, names and other goods inside Decentraland, and is used in the marketplace between users. Holding MANA and LAND also confers voting power in the DAO that governs the platform.
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Why buy Decentraland with YouHodler? +
YouHodler combines advanced security and encryption with a simple way to buy and sell MANA, fast crypto transactions, support for multiple fiat currencies, and a platform that works for newcomers and experienced traders alike.
Is Decentraland a good investment? +
Decentraland is one of the longest-running user-owned virtual worlds with a real DAO and treasury behind it. Metaverse activity has cooled considerably since 2021 and daily user numbers are modest, so the token's value rests heavily on renewed attention to the sector. MANA is volatile — research current activity before investing.
Can I buy Decentraland today and sell it tomorrow? +
Yes. YouHodler supports selling as well as buying, so you can acquire MANA and later exchange it for fiat currencies such as USD or EUR. Transactions settle quickly, major fiat currencies are supported, and withdrawals go out by bank transfer.
Is it safe to buy Decentraland? +
Buying MANA is generally safe on a reliable platform like YouHodler, which applies data encryption, identity verification and multi-layer account protection. The asset itself stays highly volatile, so prices can move sharply over short periods.
How do I convert Decentraland to cash? +
Connect a bank account, debit card or credit card to your YouHodler profile, exchange your MANA for a fiat currency such as USD or EUR, then withdraw the balance straight to your bank.
How much is $100 worth of Decentraland right now? +
That depends on the live MANA price, which moves constantly. Use the price chart on this page to see the current rate and work out exactly how much MANA $100 buys at this moment.
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