• Microsoft (NASDAQ: ) invested $69,000,000 in Decentraland. It is one the first metaverse projects.

• Decentraland is working to improve its metaverse awards royaltiesIt allows you to Personalization for storesIt is on the market.

• Decentraland’s first meeting has been scheduled Meta Fashion WeekThe ‘4-Day Event,’ will be held on March 24, and run for four days.

• Decentraland plans to create a VR client app for mobile and a desktop client in order to improve the metaverse experience.

Decentraland, a company founded in 2017, proposed the creation of a Blockchain-based environment to mimic daily life. It is known now as the metaverse and one of most discussed tech concepts.

With Facebook’s Meta rebrand in October 2021, Decentraland enjoyed a surge in the popularity of its metaverse platform. However, it did not cement Decentraland’s position as one of top metaverse platforms. How has it performed in recent times?

Prices Updates

MANA was the native token of Decentraland. It fell under severe bearish pressure as the Fed increased interest rates in January.

Decentraland’s Jan price chart (MANA). Source: Tradingview

MANA dropped to $1.74 per day on January 22. MANA experienced a huge rally and gained up to 33% during the past 2 weeks. MANA is now at $2.6049, after hitting an intraday high of $2.71.

Decentraland’s 24-hour price chart (MANA) Source: Tradingview

Decentraland currently has a market capital of $4.72 billion, which makes it the 31st biggest crypto.

Latest Developments

Decentraland has attracted a lot of attention from big investors, with Microsoft pumping $69 million into the development of Decentraland’s open source project.

Tennis Australia also announced that it will partner with Decentraland in hosting the Australian Open. For the competition virtual, the collaboration involved the recreation of Melbourne Park’s most notable parts in the metaverse.

Decentraland has the advantage of being the first to move among all crypto metaverses. However, it continues to release upgrades to different branches to keep up with the rest of the pack.

The Decentraland team recently introduced the “My Store” section to the virtual shop, allowing users to customize the appearance of their store’s cover, including the avatar, bio description, and social media links.

Decentraland Team introduced royalty payments to My Store shortly after rolling it out. Decentraland introduced a new smart contract type that allows for royalties to be paid out to creators of wearables.

Future Events

Decentraland announced its first Metaverse Fashion Week, March 24, with more industries being included in the metaverse. This four-day event will showcase dozens global brands.

Virtually experience the fashion show, listen to live music at brand after parties and purchase and wear digital clothes directly from virtual catwalk avatars.

Decentraland unveiled its 2022 manifesto on February 1st, creating genuine excitement in its community.

The team is currently working to improve the metaverse experience by creating a DAO that allows users to wear their NFTs within Decentraland. Smart wearables are also accepted in the DAO Wearables Aproval flow.

Decentraland announced that it has created a new mobile client and desktop client for Windows and Linux. These apps will allow users to interact with the Decentraland metaverse in new ways.

The team confirmed that the Decentraland Protocol is being developed to further enhance the user experience in its metaverse. The team projected that a beta VR client would be launched in the second quarter of 2018.

Flipside

• Decentraland is the pioneer, but megacorporations have invested more money in the creation of the virtual universe.

• MANA (the native symbol of the country) is in sharp decline. Since November 25, it has dropped by 56%.

Community

Decentraland is a crypto project that has the most active and largest community. It was built almost entirely from play-to earn games, dApps, and user participation.

Ice Cube, American actor and rapper, made an official Twitter announcement (NYSE:), in which he suggested possible tours that he could lead within the Decentraland metaverse.

You would like a tour of @decentraland? Book a date: Tue, 1 Feb from 5-6 pm UTC You’ll visit the coolest show in town, Man vs. Machine, with art by @trevorjonesart @icecube built by @V_A_L_I_A_N_T Parkour to the top – get a reward Details below https://t.co/9TXo6BoXs7 pic.twitter.com/v6oshtVjVp

— Ice Cube (@icecube) January 31, 2022

Forbes has a piece about the project.

‘Can’t Be Evil’: The Democratized Vision Of The Metaverse Enabled Decentraland To Flourishhttps://t.co/Q2jPx6BM1n pic.twitter.com/LrYNAyxktk

— Forbes (@Forbes) February 4, 2022

In response to the 2022 Declaration, @DCLBlogger tweets:

.@decentraland 2022 roadmap is WILD.

— Matty (@DCLBlogger) February 1, 2022

Decentraland also has the largest social media following, 506k Twitter users, 150.1k Discord players, and 16.5k Telegram subscribers.

What You Need to Care About

Decentraland’s team is still leading the space and has made impressive advancements that will help to improve its adoption rate.

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