Grayscale Decentraland Trust (MANA) is a digital currency investment trust. The Trust’s investment objective is for the value of the shares (based on MANA per Share) to reflect the value of the MANA held by the Trust, determined by reference to the reference rate price, less the Trust’s expenses and other liabilities. The activities of the Trust includes issuing baskets in exchange for MANA transferred to the Trust as consideration in connection with the creations; transferring or selling MANA, incidental rights and IR virtual currency as necessary to cover the sponsor’s fee and/or any additional trust expenses; transferring MANA in exchange for Baskets surrendered for redemption, causing the sponsor to sell MANA, incidental rights and IR virtual currency on the termination of the Trust; making distributions of incidental rights and/or IR virtual currency or cash from the sale thereof, and others. Its sponsor is Grayscale Investments, LLC.