Decentraland

Decentraland is a virtual world built on the Ethereum blockchain where users can own parcels of land, build experiences, and interact with one another in a browser-accessible three-dimensional environment. The MANA token serves as the primary currency inside this world, used to purchase virtual land, wearables, and other in-world goods and services. It targets people who want to create, attend, or monetize digital experiences without relying on a centralized platform operator to control the underlying rules.

Decentraland does not run its own blockchain and has no independent consensus algorithm or block time; instead it records land ownership and token transactions on Ethereum, with some activity also touching the Polygon network for lower-cost interactions. MANA is an ERC-20 token that users spend to acquire LAND parcels, which are ERC-721 non-fungible tokens, as well as wearable items traded in the in-world marketplace. The project is governed by a decentralized autonomous organization whose members use MANA and LAND holdings to vote on policy and content decisions.

The data stored here does not include a protocol fee stream for Decentraland, meaning fee-based measures such as revenue yield or fee-to-market-cap ratios are not available on this page. Marketplace transactions do carry fees set by governance, but no fee figures appear in the data provided. The circulating supply stands at approximately 1.96 billion MANA, representing about 89.3 percent of the supply issued to date, with roughly 12.0 percent of total expected supply still pending issuance, giving a fully diluted valuation to market-cap ratio of about 1.12 at the point in time recorded.