Decentraland (MANA) price surges 75% as Metaverse sees a fresh surge of interest

The impact of blockchain technology on the ongoing digital revolution cannot be underestimated as the arrival of metaverse and integrated virtual reality transforms the way people interact on a global scale.

One project that is gaining momentum in its attempt to connect the old world to the new is Decentraland (MANA).

Decentraland is a virtual reality (VR) ecosystem built on the Ethereum network that allows users to create, participate and monetize digital content through a series of interactive experiences.

Data from TradingView shows that the price of MANA has surged more than 70% over the past 2 weeks from a low of $1.70 on Jan. 22 to an intraday high of $3.02 on Feb. 5 as money market electronics is struggling with downward price pressure.

MANA/USDT chart 1 hour | Source: TradingView

There are 3 factors that signal a positive future for the Decentraland ecosystem as real-world companies integrating into the project’s virtual landscape, an ever-growing ecosystem of celebrities and celebrities alike. The impact builds on the protocol and numerous interface improvements, which improve the overall user experience.

Unification of the real and virtual world

Decentraland is becoming more and more popular as not only everyday users but also long-standing, well-known brands are in demand for virtual real estate worldwide.

As the popularity of non-fungible tokens explodes in 2021, a number of digital collectibles will be auctioned at established auction houses like Sotheby’s, and many of the pieces will be “closed” at retail prices in the millions of dollars.

Follow notification Officially, Sotheby’s has now become an important part of the digital crypto ecosystem after launching a virtual auction house in Decentraland where it continues to break down barriers between the physical and digital worlds.

Not only auction houses are buying virtual land, many companies from many different fields are also following the trend to stay relevant for the younger generation when the Metaverse becomes a reality.

Celebrities and influencers are taking over the Metaverse

Another reason to be optimistic about the future of virtual land projects like Decentraland is the acceptance of celebrities and influencers to establish brands in VR.

As renowned artists and creators build their presence in the virtual world, the fandom will become more exposed to the capabilities of blockchain and VR technology, potentially opening a new wave of adoption.

A testament to this are events like Metaverse Fashion Week in Decentraland, which have garnered the attention of companies like Vogue Magazine for their ability to showcase the latest fashion trends to audiences around the world.

The “User Experience” continues to improve

The third factor that attracts users to Decentraland is the improvements in user experience and the increasing number of cross-platform integrations. In one tweets On January 20, Decentraland instructed users:

“Easy navigation between regions in the Decentraland start menu. Click the menu in the top right, open the UI panel in the top left and choose where you want it to appear!”

The log also added a “My Store” section, allowing all users to manage and track their collections and build their personal brands.

Follow To update Some of the latest updates from project developers for 2022 include the release of the desktop client, social and voice chat improvements, NFT-Link wearable, tokenization emojis, a prototype VR client for mobile apps, and smart wearables.”

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