Decentraland Metaverse Asset Investment Strategies

MANA

Mana (ERC-20) is the cryptocurrency that facilitates purchases of LAND, as well as virtual goods and services used in Decentraland. Mana currency is deflationary. Total supply is 2,193,723,827. At the time of writing this Mana was ranked #32 on Coinmarketcap with a token value of $2.61 USD. I must admit Mana is the simplest way to participate in Decentraland. This is also the most liquid out of all. You can find mana token on more than 200+ cryptocurrency exchanges. If the exchanges aren’t your thing simple swap services from Uniswap, Kyberswap & Metamask are highly recommended

LAND

Decentraland Land tokens are ERC-721 Non Fungible Tokens (NFT’s) which are used as a pointer to correspond to each land parcel on the map. All land parcels are 16m x 16m blocks or 256 m2. When any other adjoining lands are connected to these lands they become an estate. Estate’s have larger height build capacity and more bigger your estate is more higher you can build. There is a simple formula log2 (n+1) x 20. Which can be found here

WEARABLES

Decentraland wearables are ERC-721 NFT avatar skins that are used make your avatar look unique. A way to express yourself through digital fashion. Can you imagine if all the avatars looked the same? That would be boring right. Well, let me start off with some facts. Decentraland wearables are the first in-game player owned NFT skins in the world. They’re also the oldest and the first skin NFT’s on the Ethereum Blockchain dating back to 2019. These wearables exist on two blockchains. Ethereum L1 & Polygon L2. Ethereum L1 wearables are locked and no new additions will be created. Total number equates to 71,600 NFT’s.

NAMES

Revolutionary decentralised identity system for Decentraland. Decentraland NFT names leverage the Ethereum Name Service and gives claimed names full control of the name subdomain, bringing the Decentraland ecosystem one step closer towards a fully decentralised experience. DCL (Decentraland) Names are ERC-721 NFT’s. The root domain is dcl.eth and all newly claimed/registered names become a subdomain dcl.eth For example if you claimed batman this would read as batman.dcl.eth however in the metaverse you only see it as batman. Web browsers will see it as batman.dcl.eth.

What are the advantages of the new Name system?

The current name system is based on a custom contract that has a number of limitations, including only one name per address, the inability to transfer your name in case you want to change your wallet, and the identity system based on Auth0 was a single point of failure for all authentications being made on Decentraland. This new system:

  • Converts all names to an ERC721 token, so you can transfer it as you would any of your other NFTs. These tokens will be tradable by the launch.
  • Integrates fully with the Ethereum Name System, so that you can now ask people to send you MANA and other tokens to, for example, ‘jane.dcl.eth’. ENS is integrated with many other dApps and wallets out there
  • The code has been independently audited. It’s written so that the erc721 tokens can’t be stolen, and it’s not an upgradeable contract. The ownership of this contract will be sent to the DAO shortly.
There can only be one Batman
Identity in the metaverse is everything.

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