Spotlight Growth
No Result
View All Result
Sunday, May 15, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

by admin
November 22, 2021
in Cryptocurrency
0
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland MANA Cryptocurrency Metaverse Spotlight Growth

Facebook’s recent acceleration into the world of the nebulous “metaverse” sent shockwaves through several industries – not least of which is the cryptocurrency space. Users fundamentally understand the advantages that blockchain offers concerning virtual worlds and emerging technology. As to whether Facebook’s aim is altruistic, time will tell, but the sudden boost for metaverse adjacent tokens started a deep conversation. Much as their “Libra” project divided the community, so too does Facebook’s involvement taint the victory for some investors.

Yet, projects like Decentraland (MANA) stand to gain considerable ground with a tech industry heavyweight at their back. Decentraland launched in 2015, in a much simpler fashion, before expanding into the current 3D iteration. Embodying the concept of the ‘metaverse’, Decentraland allows users to own parcels of virtual land and construct ornate buildings and locations within them – all built on the Ethereum blockchain using their native MANA token. London’s Sotheby’s famously recreated their headquarters within Decentraland. Originally fetching prices in the double-digit range, plots now sell for nearly $1 million.

The Genesis of Online Worlds

Since the invention of the internet, developers have strived for the concept of a virtual world. Technological advances – graphical and infrastructure – have reached the point where it is a distinct possibility. Long before cryptocurrency, the Second Life platform offered a virtual, fully customizable world that attracted the more tech-savvy netizens. Although quickly outdated, Second Life made mainstream news on more than one occasion for real-world/virtual crossover events and paved the way for today’s metaverse boom.

Decentraland Chart; Source: CoinMarketCap
Decentraland Chart; Source: CoinMarketCap

The addition of virtual reality headsets and haptic wearables could drastically accelerate the immersion factor of these virtual worlds – explaining Facebook’s continued efforts to expand its virtual reality dominance. Decentraland, now riding renewed vigor through their MANA token, must refocus towards these technologies as well to succeed in the long term.

Decentraland as a Proof of Concept

Decentraland exists as a virtual world or ‘metaverse’ in its current state. Users can purchase virtual land, visit virtual locations and interact with other users throughout. Of course, the graphics technology needs work – but that should not necessarily be a mark against them. Tesla is a household name for their electric vehicles, but they originally offered only the Roadster. While the Roadster cost a fortune and performed at an average level – at best – it served as a proof of concept that allowed further technology to develop.

In the same way, Decentraland can leverage their first-mover status and the current value of MANA to leapfrog forward and establish their virtual world as the preeminent metaverse. Facebook’s deep coffers and global reach present a problem – but as Libra demonstrated, they do not always succeed. Decentraland is in a perfect position; they simply need to take advantage of the situation.

Tags: binanceBitcoinblockchainblockchain gamingcoinbasecoinmarketcapcryptocrypto gamingcrypto traderCryptocurrencycryptocurrency newscryptonewsDecentralandDecentraland newsDecentraland pricedigital currencyemerging growthEthereumFacebook metaverseinvestinginvestmentMANAMANA coinMANA cryptoMANA newsMetaMETA stockmetaversemetaverse cryptometaverse cryptocurrenciesnewsSpotlight Growthtechtrading
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Nvidia Ethereum Video Card Crypto

Nvidia Announces New Chip Specifically For Ethereum Mining

0
Fandifi CSE FDM NFT Gamification Platform Spotlight Growth

Fandifi (CSE: FDM) Rewards Fan Engagement with NFT-Based Gamification Platform

May 13, 2022
York Harbour Metals TSXV YORK Copper Drilling Program Spotlight Growth

York Harbour Metals (TSXV: YORK) (OTC: YORKF) Exploration Results Position them to Meet Rising Copper Demands

May 13, 2022
Squarespace NYSE SQSP Q1 2022 Financial Results Spotlight Growth

Squarespace (NYSE: SQSP) Side-Steps Tech Rout After Reporting Strong First Quarter 2022 Financial Results, Announces $200 Million Share Buyback Program

May 12, 2022
Play the Space Race with AST SpaceMobile NASDAQ ASTS Spotlight Growth

Play the Space Race with AST SpaceMobile (NASDAQ: ASTS)

May 11, 2022

Recent News

Fandifi CSE FDM NFT Gamification Platform Spotlight Growth

Fandifi (CSE: FDM) Rewards Fan Engagement with NFT-Based Gamification Platform

May 13, 2022
York Harbour Metals TSXV YORK Copper Drilling Program Spotlight Growth

York Harbour Metals (TSXV: YORK) (OTC: YORKF) Exploration Results Position them to Meet Rising Copper Demands

May 13, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • OTC:LUSI
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested