Decentraland Price

What Is Decentraland?

Decentraland is a 3D virtual world built on Ethereum, where people explore with avatars, go to events, build scenes and trade digital items. MANA is its token. It pays for LAND, the NFT parcels that make up the map, along with avatar wearables and unique NAMEs, and it gives holders votes in the Decentraland DAO.

The project's pitch is a virtual world its users own instead of a single company. The DAO holds the LAND contract and a treasury of MANA, and holders vote on grants and rule changes.

Ariel Meilich and Esteban Ordano led the project, with Manuel Araoz and Yemel Jardi among the core developers named in the SEC's 2023 complaint against Binance. MANA was sold in an August 2017 token sale that raised about $24 million, and the world opened to the public in February 2020. The non-profit Decentraland Foundation now maintains the desktop client and marketplace, while a group called DCL Regenesis Labs runs day-to-day DAO operations.

How Decentraland Works

MANA is an ERC-20 token on Ethereum, with a bridged version on Polygon for cheaper marketplace trades. It has no blockchain or validators of its own. The world itself runs on community servers called Catalyst nodes, and the DAO votes on which ones are approved.

Decentraland says MANA launched with a fixed supply of 2.8 billion tokens and that more than 600 million have since been burned, much of it MANA spent in the early LAND sales. About 2.19 billion remain. No new MANA can be created. The Decentraland documentation explains that the contract allowed to mint MANA is owned by another contract that self-destructed, so nobody holds that power. The 2017 sale code included an optional program that would have issued 8% more MANA a year, and on-chain records show it was never switched on.

Some existing MANA is still unlocking. The DAO was granted 222 million MANA on a 10-year vesting contract that started in February 2020, so its treasury keeps receiving MANA until early 2030.

Voting power follows holdings. In the DAO's rules, 1 MANA counts as 1 vote, a NAME as 100 and a LAND parcel as 2,000. Votes run off-chain on Snapshot, and multisig wallets carry out binding results under a Security Advisory Board.

What People Use It For

Decentraland's main uses today:

• Purchasing LAND and Estates (merged parcels) on the Decentraland marketplace, or renting LAND to other builders
• Wearables, emotes and NAMEs for avatars, many traded on Polygon with gas costs covered by the DAO
• Voting on DAO proposals and applying for grants paid from the treasury
• Free events such as concerts, art shows and seasonal programs

You don't need MANA to visit. A free account and the desktop client are enough to explore, so most MANA demand comes from people buying items, holding voting power or trading the token. Builders also publish their own scenes to LAND they own or rent from other holders, which keeps some demand for parcels.

Risks To Know

MANA's value depends on people using Decentraland, and the token trades far below its November 2021 high. Metaverse projects have drawn much less money and attention since the 2021 and 2022 boom.

The SEC named MANA as a crypto asset security in its June 2023 complaint against Binance. The SEC later stopped seeking a ruling on third-party tokens in that case and dismissed it with prejudice in May 2025. No court ruled on MANA's status.

Because voting power tracks holdings, a few large MANA and LAND holders can swing DAO votes. The treasury also keeps receiving unlocked MANA through early 2030 and pays grants and costs in it, which can add selling pressure.

In late September 2026, users reported that more than 1,000 Decentraland NAMEs had been taken from their wallets. The thefts came through Payment Processor V2, an old Limit Break trading contract that Magic Eden used for NFT listings on Ethereum, Polygon and Base in 2024. Attackers used approvals that wallets had granted it and never revoked, The Block reported, and members on the DAO forum tied the stolen NAMEs to the same flaw. Decentraland said in a Sept. 26 security notice, as republished by AiCoin, that its own contracts weren't compromised and that about 1,500 Decentraland assets were taken before the rest could be secured. On October 1, 2026, DAO voters rejected a proposal to freeze all NAMEs by about 67% to 32% of voting power. If you ever listed Decentraland items on Magic Eden, revoke that old approval. Scammers also copy Decentraland's name for fake tokens and land sales, as covered in our page on common crypto and NFT scams.

How To Buy Decentraland

MANA is widely available in the US. Coinbase, Kraken, Gemini, Bitstamp and Crypto.com all list it, and Binance.US offers it against USDT only. Bitstamp's US service stops taking new deposits and purchases on Feb. 1, 2027. Kraken isn't available in New York or Maine. OKX lists MANA on its global exchange, but check whether OKX's US platform offers it. International buyers can also use KuCoin, MEXC and Gate.

You can also swap for MANA on decentralized exchanges. Match the contract address to the one on Etherscan or Decentraland's own pages, since copycat tokens use the same name. Our walkthrough of how to invest in Decentraland covers wallets and storage. The table below shows what your money actually gets you at each exchange.

Decentraland And Your Taxes

In the US, the IRS treats crypto as property, so selling, swapping or spending MANA creates a capital gain or loss. Buying LAND, wearables or a NAME with MANA counts as spending it. MANA has no staking rewards, but MANA received as a DAO grant or event prize generally counts as ordinary income when you receive it. Read more on how crypto and NFTs are taxed and how NFT taxes work. No US spot MANA ETF exists, so MANA can't go in a standard brokerage IRA.

FAQ

Is Decentraland A Good Investment?

That depends on your goals and risk tolerance. Factors in MANA's favor include a long track record, wide US exchange access and a supply that can only shrink. Against it, MANA trades far below its 2021 peak, its value rests on demand for a single virtual world, the DAO keeps receiving unlocked MANA until 2030 and the SEC once called it a security. Size any position to what you can afford to lose.

What Is The Max Supply Of MANA?

MANA has no coded maximum, but no new tokens can be created, so the supply can only fall. Decentraland says 2.8 billion MANA existed at launch and more than 600 million have been burned, leaving about 2.19 billion. Of that, 222 million MANA granted to the DAO in 2020 keeps vesting into its treasury until early 2030.

Who Created Decentraland?

Ariel Meilich and Esteban Ordano started Decentraland, which began development in 2015 according to the SEC. Manuel Araoz and Yemel Jardi were also core developers. The team sold MANA in August 2017 and opened the world to the public in February 2020. The non-profit Decentraland Foundation now maintains the client and marketplace, while MANA, NAME and LAND holders govern the DAO.

What Is The Grayscale Decentraland Trust?

The Grayscale Decentraland Trust holds MANA and trades over the counter under the ticker MANA. It isn't an ETF and isn't listed on a stock exchange. Shares can trade above or below the value of the MANA the trust holds. Grayscale's fund page lists a 2.50% total expense ratio as of October 2026, which the trust charges each year on top of any price gap.

Can I Buy MANA In An IRA?

No US spot MANA ETF exists, so MANA isn't available as an ETF in a regular brokerage IRA. Self-directed crypto IRA providers each publish their own list of supported coins, so check whether MANA is on it. See our list of crypto IRA providers to compare options, and check account and trading fees before you open one.

Where Can I Buy MANA In The US?

Coinbase, Kraken, Gemini, Bitstamp and Crypto.com list MANA for US customers, and Binance.US offers a MANA/USDT pair. Kraken doesn't serve New York or Maine. Fees and spreads vary, so compare the full cost in the table above. Our ranking of the best crypto exchanges covers each platform's fees and safety record.