GM GE Brother Chads
I say we invest 1 ETH into MANA and make gains on the metaverse.
Decentraland (MANA) is a decentralized 3D virtual reality platform powered by the Ethereum blockchain where users can create virtual structures such as casinos, art galleries, concert halls and theme parks, and charge other players to visit them. We as Chads clearly believe in the metaverse and its becoming more mainstream.
According to the official white paper, Decentraland’s protocol consists of 3 separate layers: Consensus layer: For tracking ownership of land and virtual items within the game. Land content layer: A decentralized storage system for uploading assets and content like audio files. Real-time layer: For allowing avatars to communicate and connect with each other in-game.
MANA plays a central role in the Decentraland world and is available to purchase across a range of centralized exchanges including Binance, Coindesk and Kraken. Players can buy and sell a range of in-game items using MANA, including costumes for avatars. Holders of the cryptocurrency can also convert their MANA into wrapped MANA (MANA) and deposit it into a Decentralized Autonomous Organization wallet (DAO) in order to gain the ability to vote on the future development of the virtual world. 1 MANA token equals a single vote.
LAND owners – holders of tokens that represent a single plot of land in Decentraland – also have voting rights, however, they aren’t required to convert their tokens or deposit them into the DAO. The price of LAND varies considerably depending on location, with an average price of $3,000 to $60,000 on Opensea. In July 2021, a U.S-based investment firm Republic purchased 259 parcels of land for $913,228.20 – the highest recorded purchase on the platform to date.
We should aim to buy below $2.40, as its currently trading at $2.32. With the current market conditions the all time high of $5.90 is easily obtainable before the end of the year.
I proposed we buy 1 ETH of MANA before the 20th of March if proposal passes and hodl that MFing bag until it crushes its previous all time high and hits $10. Worst case scenario we take the 2x and sell when hits all time high. Looking to be a year long hodl.
Lets face it fellas, the metaverse and crypto is the future. Some of us even own real-estate in the metaverse of our own. The money to be made in virtual gambling, art, and real-estate is outlandish. We've all seen it coming, metaverse and gaming is the future and going to be huge. So lets buy in and ride that rocket to the moon.