South Korean technology giant Samsung has opened its first virtual store in collaboration with Ethereum-based metaverse coin project Decentraland (MANA).
Decentraland is a 3D virtual world browser-based platform that allows users to buy virtual plots of land on the platform as NFTs via the MANA cryptocurrency.
The MANA cryptocurrency uses the Ethereum blockchain. Decentraland was opened to the public in February 2020 by the nonprofit Decentraland Foundation and is part of Metaverse. Its purpose was to incentivize a global network of users to operate a shared virtual world.
As already mentioned Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world.
What is Samsung meta verse coin price?
The MANA price has been on the rise after Samsung announced its partnership with Decentraland.
The cryptocurrency market has been struggling with corrective price movements since last year but Samsung’s presence on decentraland seem to have strengthened it.
One of the most recent drops wiped about $4,000 off the price of Bitcoin within hours.
Prior to Samsung joining Decentraland, MANA was trading at about $2.73. After the announcement, the price rose to about 20%. The Ethereum-based metaverse trading has risen to be about $3.22 in recent times which is a massive improvement.