Decentraland (MANA) is a widely adopted representative of a recently popularized metaverse. It is a vast virtual reality where users are offered life-like experiences, including networking, social interactions, and various other activities. Many of the digital items created in Decentraland can be owned as Non-Fungible Tokens (NFTs), which open numerous opportunities for participants, such as trading their goods for cryptocurrencies. This peer-to-peer exchange takes place on Decentraland’s in-house marketplace, an easy-to-use online platform where digital goods, virtual estates, and even names can be bought and sold for MANA tokens. The NFTs are grouped into seven categories based on their rarity, which are, in the order of increasing scarcity, Common, Uncommon, Rare, Epic, Legendary, Mythic, and Unique.
What makes Decentraland NFTs unique?
There are many differentiating factors between Decentraland and its counterparts, the most significant of which is probably its outstanding user base. With hundreds of thousands of accounts, and tens of thousands of active daily members, it is one of the most populated metaverses of its time, giving it the versatility and potential a healthy NFT ecosystem also requires. By having one of the biggest communities in the industry, Decentraland manages to attract newcomers who seek to interact with such a global marketplace of virtual items, as there are only a handful of competitors that similarly suffice this set of criteria.
Another aspect might be the versatility of Decentraland’s NFTs. Users are not only able to create, and then auction any kind of good as NFT, but also entitled to purchase an overall limited number of digital parcels and estates for their MANA tokens.
Finally, contrary to the mainstream belief, it’s important to mention that the majority of Decentraland NFT items are actually issued on Polygon (MATIC), and not directly on Ethereum. The honor of being launched on the second-biggest crypto network goes to parcels and names, most of which, indeed, started their journey there.
What’s ahead for Decentraland NFTs?
The governance of the ecosystem is carried out via a voting system that enables all eligible members to have a direct say in the future of the metaverse. For this reason, it is them who get to decide about virtually everything related to Decentraland, be it small, relatively insignificant aspects, or important fund allocations and partnerships. Most of the NFTs on Decentraland are user-generated, so the sky’s the limit in terms of creativity and future potential of these novel virtual items.
Download Numio and store Decentraland NFTs
How can I show off my Decentraland?
If you are thinking about getting a Decentraland then Numio is a great choice for viewing and showing off your prized NFT collection, right there on your phone screen, whenever you want and wherever you are
And while you can’t yet trade NFTs on Numio all the background and proof of ownership is there for you to say ‘look, this Parcel is mine, I own it’.