A short route through an emerging crypto market

2. ABOUT DECENTRALAND………….
• Decentraland is a virtual decentralized reality platform
powered by Etherum Blockchain
• Through this platform one can buy parcels of land on
which own environments, premises could be erected.
• It has 3 native tokens i.e LAND, MANA and ESTATE. The
platform is governed by its users through decentraland
DAO, an autonomous organization as well as a regulatory
organization.

3. TOKENS TRADED SO FAR…..
• There are in all 3 tokens traded on the decentra platform viz
ERC-20 and ERC-721.
• ERC-20 tokens known as Fungible Tokens comprise of MANA
cryptocurrency.
• Fungible Tokens are those which are easily interchangeable
with or for other tokens.
• ERC-721 tokens known as non fungible tokens comprises of
LAND and ESTATES.
• Non- fungibletokens as the name suggests is anything which
is not interchangeable however it is to be noted that non-
interchangeable doesn’t mean non- transferable.

4. ABOUT DECENTRA TOKENS………
• MANA CRYPTOCURRENCY- Any land parcels or estates could
be traded or transacted using MANA.
• LAND- comprise of parcels of land traded over the platform.
One can sell, exchange, transfer, dispose. Land is divided in to
parcels that are referenced using x,y Cartesian co-ordinates.
The description about land is provided in the parcel manifest
which is a HTML5 supported file under Json format.
• ESTATES- association of two or more land adjacent to each
other and not separated by any road, path or bridge.

5. SCENE limitations…….
Scene limitations are imposed by the Metaverse platform so as
to improve the performance of the crypto platform. Content
beyond prescribed limits may get discarded from the platform.
Mentioned below is the link for the limitations prescribed-
Scene limitations | Decentraland

6. Tools used in DECENTRA…
• BUILDER- an easy drag and drop visual tool One can have
access to a large library of pre-made items, including
interactive items that react to player feedback. You can also
import and use your own custom 3D models.
• The SDK is for creating scenes writing code, which gives you
much more power and flexibility

7. ABOUT THE REGULATOR
The Decentraland DAO is a decision-making tool for MANA and
LAND holders in Decentraland’s virtual world. Through votes in
the DAO, the community can issue grants and make changes to
the lists of banned names, POIs, and catalyst nodes. The DAO
also controls the LAND and Estate smart contracts. It allows for 2
general types of proposals-
The DAO allows for two general types of proposals: proposals
with binding actions, and information gathering polls.

8. How the regulator works
The DAO is a complex system created from several layers of
entities and platforms, each of which is listed and described
below:
GOVERNANCE- The Main Interface
SNAPSHOT-Snapshot is an off-chain voting platform that
provides a free way for token holders to vote on proposals.
FORUM- The Decentraland Forum is the communication hub for
the DAO
ARAGON- Aragon is a secure platform for creating and managing
the collection of smart contracts needed to run a DAO. The
backend of Decentraland’s DAO is built using Aragon

9. DAO COMMITTEE- The DAO Committee is a group of three
trusted individuals who have been selected by the community to
hold keys in a multi-sig wallet. This multi-sig is responsible for
enacting any passed votes with a binding action, like transferring
grant funding, banning a name, adding a POI, or adding a Catalyst
node. The power DAO Committee is checked by the SAB
SECURITY ADVISORY BOARD- The Security Advisory Board acts as
a guarantor of Decentraland’s smart contract security, and is
tasked with overseeing the work of the DAO Committee and
responding to vulnerability and bug reports in any of
Decentraland’s contracts The SAB has the ability to pause,
resume, or cancel any action taken by the DAO Committee.

10. FUTURE PROSPECTS…..
The rebranding of Facebook into Meta Platforms on Oct. 28 served as a
powerful signal that the metaverse is unlikely to be a fleeting phenomenon.
Facebook is now to be known as Meta as it focuses on building the metaverse.
Decentraland, an early metaverse, is garnering increased attention due to the
change. In fact, its price moved with the news after months of stagnation.
Decentraland prices jumped from 80 cents to over $4 on the Meta rebrand
news. It has since given back some of those gains, falling to $2.60.
As on 7th of January based on data produced by Coin market cap the total supply
of MANA had been $2.19 billions of which $1.82 billions were in circulation
constituting 82% of total supply.
With the coin trading at $3.19, Decentraland (MANA) crypto’s market cap
stands at $5.82bn ranking it the 30th largest crypto. The original supply of
MANA stood at $2.8 billions but this has been reduced by 600 millions reason
being all these crypto coins were burnt.

11. According to DigitalCoin, the Decentraland coin's future price
could average $4.42 in 2022 and rise to $5.24 in 2023 and $6.6 in
2025. By 2029, the website predicted it could trade at an average
price of $13.4.
short-term technical MANA price analysis from Coin Codex was
bullish, with 24 indicators giving bullish signals and seven bearish.
The service predicted that the coin could trade at $3.74 by 12
January.
The MANA forecast from Price Prediction put the coin at an
average price of $4.57 in 2022, $6.77 in 2023 and $15 in 2025. By
2030, it expected the coin to jump to an average of $95