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Disclaimer: None of the information in this video should be
considered as advice. This video was made for entertainment
Decentraland has been one of the most popular games and cryptocurrencies in the entire market over the past year, generating returns of over 5,300% through the end of November. In the past three months alone, MANA has jumped by over 500%.
But when things dip, that presents a whole new opportunity for buys. To be honest, I like bear markets, and massive dips. I feel like the long-term vision I have for crypto is so much bigger than what we have today, even during a bull run, so when things go on sale, I start buying as much as I can afford.
And when a good dip happens with Decentraland I’m buying some. Now I’m not going all in because there are other things dipping too, Bitcoin, Ethereum, Avalanche, Solana, etc. but I’m definitely throwing in some MANA.
But let me start with talking about my main reason. First off, stop thinking about it as just a video game or a weird digital painting, this is going to be so much bigger than that, it’s so much bigger than that.
I believe the NFT world and Metaverse is going to play a big role in society over the next 10 years, in the same way social media has. My first experience with social media before I even knew what social media was, like many of yall was myspace. Now think about the evolution and how much of a role it plays in our lives now compared to those awkward myspace pages with the music and your top 8 friends. This is the beginning of some next level social media and it’s going to play a big part in the way we do things in the future.
Decentraland even had a music festival a couple months ago before a lot of us knew about Decentraland and the metaverse, but Paris Hilton still attended, and that was before it really blew up. The Decentraland music festival next year will be crazy.
Back in February, Grayscale launched its Decentraland Trust. But Decentraland wasn’t exactly mainstream back then but it’s getting more and more mainstream now because big transactions are happening on this platform, and when big money like institutional funds start piling in, us retail investors take notice. Grayscale has said the metaverse is a $1 trillion opportunity. The amount of money being held in Decentraland’s Grayscale Trust has more than doubled… since March [of] this year. This suggests there is significant institutional demand for Decentraland.”
Now look at these LAND sales from the past 7 days. $1,085,700
$518,000 twice $391, 429, And the list goes on, and that’s just from this week. If you look at the all-time list they go even higher and there’s the 2.4 million that was just bought.
Point being, people are spending millions and hundreds of thousands on these virtual parcels, there is some big plans for these parcels because people don’t pay that much without having a plan to get a return on these parcels.
Right now, the sandbox has the highest recorded sale of virtual land at 4.3 million. And between the sandbox and decentraland they have over 100 million dollars of virtual land sold.
Now this next thing is the most important part I wanted to mention. And that is Decentraland’s proposed idea of achieving interoperability with other metaverses.
The host of Coin Bureau, “Guy” said if this comes to fruition, it will be a game changer.
“[It] seeks to make Decentraland’s metaverse interoperable with at least four other crypto metaverse worlds. This will be done using an advanced protocol called IPSME [Idempotent Publish/Subscribe Messaging Environment].
No dates have been detailed for this particular proposal, but it will be a game changer for metaverse cryptocurrencies if it delivers on its promises.”
#decentraland #mana #metaverse
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Source : https://www.youtube.com/watch?v=NYedF_gQrzs