What is going on with Decentraland (MANA)? 51% up (!) in the last hour

26 Feb, 2019 | Updated: 26 Feb, 2019
by Alberto Arnaldo
Price Action
What is going on with Decentraland (MANA)? 51% up (!) in the last hour

Today, a partnership with HTC was announced by Decentraland (MANA). Following the news, the token’s price has spiked up sharply.

Decentraland’s MANA token is overperfoming the rest of the first 100 cryptos by market cap, with the exception of Enjin Coin:

Read more: Samsung crypto wallet: 6 coins that are potentially involvedEnjin, ICON, BAT, Cosmo surge following Samsung rumors - ENJ 118%

The token is used as a currency in Decentraland’s platform, which allows users to create, experience and monetize immersive 3D content.

According to the company’s blog, the Exodus 1 blockchain smartphone from HTC will give access to the Decentraland ecosystem, while allowing storage of MANA in the Zion Vault, the offline secure element of the Exodus 1.

This hardware element also allows direct storage of private keys, together with Decentraland identities, data and assets.

Decentraland’s LAND, the ERC-721 virtual real estate that composes Genesis City, and MANA, their ERC-20 cryptocurrency, will both be supported by the Zion Vault.

Read more: Decentraland virtual property sells for record $215,000; Binance launch MANA trading competition, tokens and virtual land up for grabs

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