Decentraland (MANA)

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VR-metaverse dApp, running on Ethereum, with key takeaway being time monetization. $24 million initial coin offering (ICO) in 2017, closed beta in 2019, public in 2020.

Users create experiences on their own, managing LAND portfolio: interactive games, and sprawling 3D scenes. MANA is an ERC-20 token that, through burning, returns ERC-721 LAND. Co-founded by Ariel Meilich and Esteban Ordano, who now works at Decentraland as advisors. As of January 2021, the cyberpunk-themed Aetheria is the largest district — comprising a total of 8 008 LAND.

Read more:  Decentralized Autonomous Organization (DAO)

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