Why we should bullish Decentraland and MANA when BTC hit 80K?
by 0x9b3ae2dd9eaad174cf5700420d4861a5a73a2d2a (MetaGamiMall)
We have seen a lot of FUD surrounding Decentraland and MANA over the past two years, we somethings do hesitate as well. But today, with BTC reaching 80,000 USD, ETH climbing back as hell, we’re feeling bullish about DCL and MANA.
We’d like to hear your opinion on DCL and MANA after reviewing this proposal.
Notice: The following discussion assumes that a bull market is returning on a macro level, meaning more capital will flow into Web3 as it did in 2019/2020. Without this assumptoins, all below does not work.
Over the past two years, people have criticized Decentraland for two main reasons: a poor user experience and the underperformance of MANA. We once questioned these points too, but they are no longer concerns. Why?
The experience is gradually improving, and the foundation has secured funding to continue developing for years (via a vesting contract). It is ok to be slow, but not ok for no money to pay the staff. This alone puts Decentraland ahead of 99% of other metaverse projects. There’s also a misconception that Decentraland must meet Web2 experience standards to compete with platforms like Roblox. This isn’t true. Remember how limited things were in 2020, yet how popular we still were? User experience isn’t the only determinant of interest and traffic. In our view, if MANA surges again, people will come back. A simple fact is that if you help people profit, they’ll praise you; if they lose money, they’ll criticize everything.
MANA’s price is bound to rise, driven by speculators. In the eyes of speculators, MANA represents the Metaverse within Web3. They may not care as much about the experience(as we do) but focus on MANA’s speculative value. This perspective may sound crazy or harsh to some Decentraland builders and gamers, but it’s a reality. If you evaluate MANA purely like a Web2 company, it would never reach this market cap. But being the first widely recognized Web3 metaverse grants MANA a unique, irreplaceable position. This is why we’re confident MANA will increase in value for speculation—especially given how it has held above 0.25 USD. The weak hands are gone; it’s time for the diamond hands to shine.
The synergy between points 1 and 2 will create a strong flywheel effect, attracting attention, traffic, and capital to DCL and MANA. MANA’s speculative value (as Web3’s first metaverse) will drive its price up, enabling the foundation to hire more talent and improve the experience. This improved experience will, in turn, fuel further speculation.
Lastly, we firmly believe that, after a 2-3 year quiet period, the Metaverse concept is ready for a resurgence. Broader societal discussions will reignite momentum for us. Just a reminder for you of what Facebook/META has done, they might do it again. And this coming back momentum will only be stronger than ever.
The long night is ending, and as always, we’ll be here, watching the sunrise with you.
- Make Sense
- Does not make sense
- Neutrual
- Invalid question/options
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2faA...D99159 | 1.329M | Make Sense |
 0x247e...9db418 | 298,730 | Make Sense |
 0x9B3a...3a2d2A | 231,811 | Make Sense |
 0xd6eF...9D6eF6 | 182,243 | Make Sense |
 0x2684...eaF8Bd | 133,889 | Make Sense |
VOTE POWER
Proposal Status
- Sun November 10 2024, 06:24 pmVoting Period Starts
- Fri November 15 2024, 06:24 pmEnd Voting Period
Current Results
1-Make Sense
2.199M
2-Invalid question/options
85,874.525
3-Neutrual
49,082.794