Decentraland is a decentralized virtual reality platform that allows users to build their own environments, marketplaces, and applications. MANA is the ERC-20 utility token that is used to exchange goods and services within Decentraland and grants holders the right to participate in Decentraland ecosystem governance.
Decentraland was initially founded by Ari Meilich and Esteban Ordano in 2015. Powered by the Ethereum network in 2020, users are able to build applications, monetize applications, and participate in governance voting with the use of MANA.
Decentraland launched on the Ethereum network
What is Decentraland's place in the ecosystem?
Taking place over Decentraland DAO’s governance interface, the Decentraland community proposes and votes on policy updates, LAND auctions, and more.