Along with the NFT craze, one of the most popular topics of recent times is Decentraland. One of the areas where we can experience the concept of "metaverse", which has been talked about everywhere in recent weeks, especially with Facebook's rebranding work, is games created on a decentralized infrastructure thanks to blockchain technology.
This environment has a big difference from the video games we know. You can add various clothes, accessories, etc. to your avatar. You can buy it and store it or sell it in the marketplaces on the platform.
Decentraland is a 3D virtual reality platform that offers games, exhibitions and many different activities, offering exactly this metaverse experience that Facebook has rebranded itself as the metaverse. For example, did you know that Soethby's, the world's oldest and most famous auction house, opened its digital auction house in the Voltaire Art District in Decentraland last June?
In addition, Decentraland, the first virtual reality platform that is decentralized and built on the Ethereum blockchain, is a platform where you can buy parcels of land, create your own spaces, create your own free avatar, create your games, participate in various games and win NFT rewards, store and museum. A planet where you can travel and relieve the stress of the day.
Everything you own and trade on this planet is actually an NFT on the Ethereum network.
Decentraland's Emergence Story
The whitepaper of the Decentraland project, which started to be developed in 2015, was written by Esteban Ordano, Ariel Meilich, Yemel Jardi and Manuel Araoz. Although there have been various changes to the whitepaper since then, the goal of being a decentralized virtual universe platform has not changed.
Brief Development of Decentraland and Events
After the beta version in 2017, the platform opened to the public at the beginning of 2020, and in 2021, both the rise of NFTs and Facebook's rebranding with the metaverse managed to attract all eyes.
What is MANA Token?
We can think of MANA as the fiat currency of Decentraland. You can pay for everything you buy or sell with the MANA token developed on the Ethereum main chain.
How to Buy and Store MANA
You can buy MANA from centralized or decentralized exchanges that support the Ethereum blockchain (ERC20 standard). You can also store it in crypto wallets that support the Ethereum blockchain or on the platform you purchased.
MANA Price
The MANA price surged 400 percent to an all-time high just after Facebook's Metaverse announcement, trading at $4.16.
Bitcoin's Taproot Upgrade Happened!
The Bitcoin Taproot ascent officially took place at 8:15 PM on Sunday (November 14, 2021) at block 709632 on the Bitcoin blockchain. The Taproot upgrade was the first major upgrade to network code after the Segregated Witness update in 2017.
Taproot, Bitcoin's long-awaited upgrade that enables to improve the privacy and security of the network, has been officially activated.
With Taproot, the Bitcoin network is on track to become a more scalable and faster network.
What Does a Taproot Upgrade Do?
There is a possibility of encountering various challenges on the Bitcoin network, such as multi-signature requirements or transactions that make them more complex. This requires multiple transactions to be created, and these complex transactions can be detected by anyone. In this way, all transactions will appear as a single transaction. This can have a huge impact in the area of “privacy”.
In short, Taproot has increased the privacy and security of transactions made with signatures called Schnorr, which can make more complex transactions in Bitcoin. There was no big change in Bitcoin price with the Taproot update. About 7 months ago, miners voted for the Taproot update.
10 percent of Kevin O'Leary's portfolio is made up of cryptocurrencies!
Shark Tank star Kevin O'Leary aka Mr. Wonderful made some suggestions on how to include Bitcoin and other cryptocurrencies in the portfolio. Saying that he is a fan of cryptocurrencies, O'Leary explained that 10% of his portfolio consists of cryptocurrencies.
Shark Tank star Kevin O'Leary talked about Bitcoin and other cryptocurrencies!