Fidelity International Leaps into the Metaverse with Innovative Decentraland ($MANA) Campus

Fidelity International has announced the launch of the Fidelity International Campus within the metaverse platform, Decentraland ($MANA). According to a press release shared with CryptoGlobe, this innovative project aims to promote financial literacy and educate users on the importance of financial planning, money management, and investing in an immersive virtual environment.

Timeline of Decentraland

In a previous report, it was highlighted that the market structure of MANA was bearish on the higher timeframes. This seller-favored outlook has not yet changed as the price action continued to support a bearish bias.

Following last weekend's market-wide decline in price for several crypto assets, leading metaverse tokens Decentraland [MANA] and The SandBox [SAND] were amongst the best performers in the week. Per data from CoinMarketCap, both assets recorded double-digit gains in the last seven days.

Sharing a statistically significant positive correlation with Bitcoin [BTC], the rally in the king coin's price due to Federal regulators' decision to restore all deposits at Silicon Valley Bank (SVB) has resulted in price gains for Metaverse tokens like Apecoin [APE] and Decentraland [MANA].

Decentraland [MANA] broke below its consolidation range of $0.8254 – $0.6314 in early March, attracting aggressive selling afterward. At press time, the virtual reality blockchain platform's token struggled to maintain its half-dollar value.

Crypto analytics firm Santiment says that a huge whale transaction of Decentraland (MANA) could signal a big price swing for the Ethereum-based metaverse project. Santiment says a whale suddenly moved 256.31 million MANA worth about $190.2 million, one of the largest transactions the network has ever seen.

In a significant development for leading metaverse-based token Decentraland [MANA], one of the largest transactions of all time took place on its network during intraday trading session on 20 February.

2023 will be the year when metaverse crypto gaming pushes into inexorable growth, with the sector projected to grow by 70% year-on-year between 2023 and 2027 to more than $60 billion.

The fast-paced world of cryptocurrencies has spread its wings towards diverse sectors, such as the Metaverse and NFTs. Talking about Metaverse, Decentraland has been an ace player in the sector. To novices in the business, Decentraland is one of the efficient virtual reality platforms powered by the Ethereum blockchain.

If you bought Decentraland's MANA in December or earlier this month, then good for you. It has so far delivered an impressive performance until recently when it faced resistance at a key level.

In 2021, conversations held around the metaverse and virtual reality were at their peak, even in the cryptocurrency space. This heightened talk was one reason why tokens like Decentraland [MANA] and The Sandbox [SAND] reached considerable All-Time Highs (ATH).