Decentraland (MANA), the first virtual reality platform owned by its users, continues to attract new money as a user just closed a 40-parcel purchase in Genesis City for 1.3 million MANA — worth roughly $95,000.
— DCLBlogger (@DCLBlogger) October 22, 2018
With Decentraland, users can put our their VR headsets or simply use a web browser to connect to the 3D, interactive world. The virtual space within Decentraland is called LAND, a non-fungible digital asset maintained in an Ethereum smart contract. The LAND is then divided into parcels, which are identified by (X,Y) coordinates, are fully owned by community members.
The platform has a built-in marketplace that lets users buy and sell parcels of LAND with MANA. These parcels can be used for anything from online businesses to games and resorts.
The latest $95,000 purchase, which was originally pointed out by DCLBlogger, represents one of the largest single purchases in the brief history of Genesis City.
News of this virtual real estate purchase comes the same week that a new major game was announced for Decentraland. Chainbreakers is a strategic RPG featuring a fictional and stylized rendition of ancient Greece, where a corrupt government is at war with a number of player-led rebel factions.
MANA is currently trading for $0.07, giving the project a $74.4 million market cap and making it the 77th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
More: Decentraland Marketplace
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own wdue diligence before making investments.