#1 Decentraland (MANA)
Finally, there is Decentraland (MANA-USD), again a VR ecosystem based on the Ethereum blockchain. Decentraland allows users to experiment, develop and monetize with dApps.
MANA is an ERC-20 token that allows users to buy avatars and other goods from the platform’s marketplace.
Decentraland has allowed users to develop their own 3D experiences, invest in plots, play interactive games, and more.
This ensures that owners can still control the decisions made in the community. Users can also monetize their land through paid experiences, rentals, and advertising.
As the community continues to evolve, cryptocurrency enthusiasts have a lot of good things to say about the upside potential of this token. While Decentraland is currently one of the cheapest cryptos to buy, it’s no small feat considering the network’s $1.6 billion market value. It is one of the ones currently on my watch list.
At the time of publication, Chris MacDonald had no positions (directly or indirectly) in any of the securities mentioned in this article.
Chris MacDonald’s love of investing led him to earn an MBA in finance and hold a number of executive positions in corporate finance and private equity over the past 15 years. His previous experience as a financial analyst and his enthusiasm for finding undervalued growth opportunities contribute to his conservative, long-term investment approach.