Sign-up to get started
Get onboarded and start trading with as little as $50.
mana
Decentraland is a decentralized virtual reality platform built on the Ethereum blockchain, where users can buy and sell digital real estate, create experiences, and interact with others. It allows for the ownership of land parcels, represented as non-fungible tokens (NFTs), making each plot of digital land unique.
This coin is available on Newton.
MANA, the platform’s native cryptocurrency, is used for transactions within Decentraland, such as purchasing land, in-game items, and other digital assets. The initial token supply was released during Decentraland’s initial coin offering (ICO) in 2017, which raised $25 million to fund its development.
The platform operates through a decentralized autonomous organization (DAO), allowing Decentraland users to vote on important decisions and updates. This ensures that the community has a say in the direction of the virtual world, maintaining its decentralized nature.
Decentraland also hosts events like Metaverse Fashion Week, showcasing how the platform integrates gaming, socializing, and commerce. It aims to provide a space for creators to build, buy, and sell digital real estate and interactive experiences.
Founded by Ari Meilich and Esteban Ordano, the Decentraland team continues to innovate, with the Decentraland Foundation maintaining the website and ensuring the software evolves to meet user needs.
Decentraland works by offering users ownership of land parcels and the freedom to create and sell digital experiences. These parcels are NFTs stored on the Ethereum blockchain, ensuring secure ownership and verifiable scarcity.
Users can buy and sell digital real estate in Decentraland’s marketplace or participate in land auctions to acquire new plots. The platform also allows users to design interactive experiences or monetize their creations, driving engagement within the community.
Governance is handled by a decentralized autonomous organization (DAO), where users vote on proposals affecting the platform. This decentralized system empowers the community to influence the evolution of Decentraland software and policies.
MANA is used for transactions within Decentraland, from purchasing land parcels to buying in-game items or attending virtual events. The supply of MANA drives the economy, and its use is central to all activities on the platform.
With its decentralized structure and focus on user creativity, Decentraland aims to offer a unique blend of gaming, socializing, and commerce in a blockchain-based virtual reality. Whether you want to build, trade, or explore, Decentraland welcomes you.
The metaverse in Decentraland is a digital space where users can create, interact, and own virtual assets. Here’s what defines it:
The MANA token is the currency fueling Decentraland’s ecosystem and transactions. Here’s how it works:
Tokens in Decentraland form the backbone of its decentralized economy. Here’s their role:
NFTs in Decentraland represent unique digital assets owned and traded within the virtual world. Here’s more:
Decentraland aims to be a hub for creativity, offering spaces where users can buy and sell digital real estate or develop unique interactive experiences. From gaming environments to virtual galleries, the platform provides endless opportunities for users to innovate.
Businesses can use Decentraland to build virtual storefronts, host events, or launch products in an immersive digital space. This opens doors to new customer engagement strategies that blend creativity and commerce.
Educational institutions and creators can develop land parcels into virtual classrooms, workshops, or artistic showcases. These interactive environments make learning and sharing ideas more dynamic and engaging for Decentraland users.
Socially, Decentraland is a space for users to connect and explore events like Metaverse Fashion Week. The ability to create and sell custom assets adds value to the platform, making it a versatile tool for community building.
With its decentralized autonomous organization, users have the power to shape Decentraland's future. Whether for personal use or business, Decentraland also serves as a gateway to the broader metaverse, blending NFTs, blockchain, and virtual reality seamlessly.
Decentraland launched in 2015 as a vision of Ari Meilich and Esteban Ordano, who sought to create a decentralized virtual reality platform. The project evolved from simple 2D grids into a fully immersive 3D space powered by blockchain technology.
The initial coin offering in 2017 introduced MANA and raised $25 million, enabling the Decentraland team to expand development. The first land auctions allowed users to acquire non-fungible token land parcels, setting the stage for a user-driven metaverse.
Decentraland also implemented a DAO to give the community control over key decisions. This decentralized autonomous organization allows users to influence governance, ensuring the platform remains shaped by its participants.
As the Decentraland Foundation maintains the website and software, the platform has grown to host events like Metaverse Fashion Week. It provides opportunities to buy and sell digital real estate, create experiences, and engage in a unique virtual economy.
From its founding by Esteban Ordano and Ariel Meilich to its current prominence, Decentraland has become a leader in the metaverse space. Its blend of user creativity, blockchain security, and decentralized governance continues to drive innovation.
The Decentraland ecosystem is a self-sustaining virtual world maintained by blockchain and its community. Here’s an overview:
Decentraland offers users a platform to explore, interact, and create in a virtual setting. Here’s how to get started:
The price of Decentraland’s MANA token is dynamic and impacted by various elements. Here’s what affects it:
Secure your Decentraland (MANA) with cold storage or manage it on Newton’s trading platform for maximum safety. Monitoring MANA’s price helps you to adjust your strategy and keep your assets protected.
You can stake MANA in "land pools," which gives you voting rights over specific virtual areas and a share of the profits from activities happening there. Decentraland even has a token burn program, where some MANA from transactions is permanently taken out of circulation.
Use MANA to access Decentraland’s services, from buying land to trading unique assets. Tracking MANA’s price on Newton encourages smarter spending within the dynamic DeFi ecosystem.
Secure your Decentraland (MANA) with cold storage or manage it on Newton’s trading platform for maximum safety. Monitoring MANA’s price helps you to adjust your strategy and keep your assets protected.
Transfer MANA to charities accepting crypto, capitalizing on low transaction fees for seamless giving. Supporting causes through MANA combines efficiency and security, maximizing the value of every contribution.
MANA swapping is not yet available on Newton, but you can trade it on other platforms that support MANA swapping to diversify or respond to market trends. Staying updated on MANA’s price and trading volume helps make informed and strategic trading decisions.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying Decentraland (MANA) directly from individuals or unregulated sources can be risky. These transactions can lead to scams, fraud, or other issues without proper oversight. To ensure safety, always use trusted, regulated platforms to buy Decentraland.
The easiest and safest way to buy Decentraland in Canada is through a regulated cryptocurrency platform like Newton. Newton allows you to deposit funds using e-Transfer or wire transfer and provides access to Decentraland and 70+ other cryptocurrencies. It’s safe, simple, and beginner-friendly.
Newton offers competitive MANA prices, making it simple to invest in Decentraland. Whether buying, holding, or tracking its value, Newton gives you access at some of the best rates.
Newton prioritizes your security with Multi-Factor Authentication, anti-phishing codes, and login monitoring. Approve trusted devices and use a Security Checklist to keep your MANA safe.
Newton makes it affordable to buy and sell MANA, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Access your Decentraland (MANA) account on both desktop and mobile with Newton. Trade, track prices, and stay connected to the metaverse wherever you are.
Newton’s intuitive design makes trading Decentraland effortless for all users. Whether you’re exploring market trends or making a purchase, the experience is seamless and simple.
Newton is a trusted Canadian platform offering secure access to Decentraland (MANA) and other cryptocurrencies. With a focus on Canadian users, they make participating in the metaverse easy and stress-free.
Sign up with Newton, one of Canada's most trusted and secure cryptocurrency platforms. It’s a straightforward and quick registration process that gives you access to MANA tokens and other cryptocurrencies.
Adding money to your Newton account is simple. You can use Interac e-Transfer or wire transfers to deposit Canadian dollars into your account.
Once your account is funded, you can buy Decentraland (MANA) on Newton’s intuitive platform. With live updates, insights, and historical data, Newton offers the tools you need for easy trading.
Look for Decentraland (MANA) on Newton’s platform. MANA is a utility token that facilitates transactions within Decentraland, allowing users to buy and sell digital assets, including virtual real estate and NFTs, while also participating in the platform's governance and ecosystem development.
Decide how much MANA you want to purchase. Whether you’re investing in a plot of land, exploring NFTs, or planning for long-term holding, Newton gives you flexibility.
After reviewing your order, confirm the transaction. Your Decentraland will then appear in your Newton wallet, ready for use, exploration, or trading.
Using a personal wallet gives you full control over your Decentraland (MANA) tokens, offering extra privacy and autonomy. However, you’ll need to take full responsibility for protecting your private keys. While this gives you greater control, it can also expose your assets to risk if not managed carefully.
You can easily store and access your MANA in Newton! Newton offers enhanced security to protect your Decentraland (MANA) investments, with multi-factor authentication, anti-phishing codes, and login history tracking. You can also manage trusted devices and designate trusted contacts, creating a safer and user-friendly way to store and access your MANA securely.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Decentraland, please see our Asset Statement.
