Decentraland is a cryptocurrency project that consists of a decentralized metaverse platform built on the Ethereum blockchain. The platform features two native crypto assets, MANA and LAND. In Decentraland, users can purchase, build on and navigate finite plots of land, represented by nonfungible tokens called LAND. Owners control the buildings, content, games and other applications developed on their LAND and can also choose to monetize user experiences.
LAND is purchased using MANA, Decentraland’s native ERC-20 token. MANA also serves as an utility token that players can use to buy collectibles, avatars and other in-game items.