[ad_1]
In the future, luxury brands may open storefronts in a virtual world, where users can browse their stores as if they were walking through a real store.But between the flawed software, the smallest user base, and the system that allows users to buy and sell slander, there is only a complex governance system to stop them, and it seems very likely. This The platform is the platform on which they are built.
However, investors seem to believe that money can be made here.
money
A big selling point of Decentraland is that users can “buy land” in the game, but the process of doing so is very complicated. Users cannot directly purchase land tokens with ordinary U.S. dollars. Most can’t even be purchased with the popular Bitcoin alternative Ether.On the contrary, like many crypto projects, Decentraland has its own cryptocurrency called mana, which exists in Side chain Ethereum.
Side chains are complex, but in overly simplistic terms, they allow the project to offload tokens or data to a separate blockchain, which can have different functions from the main chain (and usually has lower transaction fees) ). Crucially, this means that although Decentraland is based on Ether, the price of mana may fluctuate more than Ether.
Currently, the The cheapest land in Decentraland It usually sells for about 4,000 mana and will cost nearly $15,000 at the time of writing. However, once the user purchases the land, they own the asset until someone wants to buy that particular plot-after all, tokens are irreplaceable.On the other hand, mana Yes Fungible, which means that if users hold a lot of mana, they can sell these tokens to anyone who needs to buy mana, including all new users who may appear to buy land.
Since the land is so expensive and the mana market is so small, adjusting the prices of both does not require much activity. “If you issue a press release, will that change the price of Ether? Yes, it may change the price of Ether,” Olsen explained. “But you know, the price it will definitely change is the mana price and the land price.”
This has happened several times with mana. In the two days after Facebook changed its name to Meta, the price of mana rarely exceeded $1 at the time, soaring to $3.71.At that time, the news media-starting from a niche encryption enthusiast website Like CoinDesk, Then Later CNBC-Report the increase in mana prices and explain it as an active interest in the “meta universe”.
A few weeks later, on November 22, the aforementioned 116 parcel “manor” in the Decentraland fashion district Already sold 618,000 mana.The next day, Tokens.com issued a press release announcing the “largest Metaverse Land Acquisition in History”. The news was reported by many encrypted websites and Reuters and This National Post. When a press release issue, The price of mana is about 4.10 US dollars.
[ad_2]
Source link
