What is Decentraland (MANA)?
MANA is an ERC-20 token that is used to acquire virtual plots of land that can be navigated, built upon, and monetized within the virtual world.
LAND is a non-fungible token (NFT) purchased with MANA. Each piece of LAND is 16x16m and can be found at particular coordinates within Decentraland.
The Decentraland gameworld is known collectively as the “Metaverse” - composed of 90,601 pieces of LAND.
LAND can be developed however their holders wish. However, the Metaverse is segmented into various districts of differing sizes and themes. As an example, the Cyberpunk-themed Aetheria is currently the largest district, with a total of 8,008 LAND.
Decentraland’s original supply was 2.8 billion MANA, but more than 600 million of this has been burned. There are two reasons for this. Firstly, MANA is burned in LAND auctions, where the MANA bidded for LAND is taken out of circulation. Secondly, 2.5% of MANA is burned on all Decentraland marketplace transactions. Over time, MANA supply will become increasingly scarce.