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NFT growth and platform upgrades again Decentraland’s (MANA) 100% rally

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NFT boom and platform upgrades back Decentraland’s (MANA) 100% rally

In the past year non-fungible tokens (NFT) have been gaining ground as the digital art market exploded and developers experimented with a variety of use cases. Data from NonFungible shows that over the past 30 days there were 58,400 NFT sales and $12.7 million worth of volume.

In the same time period, MANA, the token behind the blockchain-based virtual world Decentraland, totaled $636,000 in NFT trades. The virtual reality platform is built on blockchain and provides a digital landscape where players can explore, interact with other players and purchase landplots along with other items.

MANA/USDT 4-hour chart (Binance). Source: TradingViewDecentraland marketplace daily transaction history. Source: NonFungible.comMANA Twitter user activity vs. price (USD). Source: TheTie

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Steven Gregory