DECENTRALAND is one of the most popular metaverse game where users can earn money by playing games and selling assets.
Players can buy and sell digital real estate, create digital artwork and play casino games, and interact with other users in the virtual world.
What is Decentraland?
Decentraland is a “decentralized virtual world” where plots of land can be bought and sold using cryptocurrencies.
The platform became famous when Metaverse Group, the NFT-based metaverse real estate company, bought a plot on the game for $2.43 million in November 2021.
Through a Decentralized Autonomous Organization (DAO), in-game land owners can control policies and determine how the world behaves – in other words, this online game is a virtual world. where the user makes the rules.
The game is built on the Ethereum blockchain, and when it first launched in 2017, digital plots of land sold for around $20.
MANA token – the main in-game currency, sold for $0.02.
Since January 2022, the price of 1 MANA has increased to $2.79 (£2.05).
Decentraland recently partnered with Polygon to use its blockchain to address issues around scalability, speed, and transaction costs, addressing some of the key user complaints.
Dubbed a layer 2 (L2) solution, it allows tokens to operate on a separate blockchain, but is still linked to the main chain, as explained in blog announcement.
To learn more about metaverse games, check out Game Gala vs The Sandbox vs Decentraland explainer.
How does Decentraland work?
Decentraland is a 3D virtual world where players can buy, trade and create digital real estate, art, and non-fungible tokens (NFTs).
To progress in Decentraland, you need two main tokens – MANA and LAND.
MANA is a trading coin used to buy things in the game.
With MANA, you can buy everything you want, including LAND, wearables (clothes) and collectibles.
LAND is the real estate lot of the game.
You can buy LAND tokens with MANA and build anything you can buy on them, including shops, art galleries, and casinos.
Decentraland is a browser-based game, which means you can only play it on a PC or Mac running Chrome or Firefox.
It is not yet available on mobile devices or any existing headsets but there are plans to make this a reality, according to Frequently asked questions page on its website.
You don’t need a wallet to play Decentraland, but having one will help you enjoy the full experience.
If you don’t have a wallet, your information will only be stored locally, and while you can participate in the experience with your avatar, you will have your daily rewards cut, events, and postings. import from another device.
Decentraland recommended MetaMask.
How to make money in Decentraland?
Since Decentraland is not only an online game but also a virtual universe, there are many different earning opportunities.
You can work for a company and get paid, do freelance work for other clients (players) or create artwork and clothes and sell them for profit.
But here are some of the most popular ways to make money in Decentraland.
Buy and sell LAND
Just like IRL real estate, investing in LAND and selling them as their value increases is one of the most popular ways to make money in Decentraland.
Land in Decentraland has 16m x 16m parcels of land as NFTs, which means they are unique and non-manufacturable.
Players can purchase their LAND packs at the in-game marketplace or in third-party exchanges like OpenSea.
LAND’s cheapest parcel of land is around 5,000 MANA, or about $14,000.
And just like in the real world, LAND’s proximity to frequent destinations like Crypto Valley and Vegas City costs more than others.
Decentraland has a fixed stock of 90,000 properties, which means their value will only increase as more users invest in the land.
If you own adjacent lots, you can also combine them into “Properties”, increasing their value even further.
Buy and hold MANA
The MANA token acts as a medium of exchange in Decentraland.
You can redeem them for Bitcoin or Ethereum on trading platforms like Binance, Coinbase, and Gemini.
In addition to using it to buy in-game things, there’s always the option to buy and hold MANA – as with any other cryptocurrency, its value can fluctuate over time.
In October 2021, when Facebook rebranded to Meta, the token prices of Metaverse-related cryptocurrencies have skyrocketed, including the MANA token.
Create clothes and sell wearables
Just like in real life, you can design and sell clothes and wearables on Decentraland for money.
In addition to 3D design experience, you will also have to invest 500 MANA for each work.
Marketing your designs the right way and creating hype around them can ensure more customers – you can even use social platforms like Discord and Reddit to let people know what you’re selling.
Games to earn money
Decentraland offers the chance to design and play mini games, and win NFTs and wearables.
You can then sell these properties for a profit.
In Decentraland casino you can also play popular casino games and earn MANA, NFT and wearables.
Casino games include the classics – Slot, Poker, Roulette and Blackjack.
Work as a Freelancer
Just like in the real world, in Decentraland you can offer your services as a freelancer and be employed by other players.
Job opportunities include 3D modeling, wearable creation, coding, video and art creation, and marketing.
Work for Decentral games
Decentral game is recruiting inside the metaverse – you can work as a host in a virtual casino and get paid a fixed rate of $200 per month and get promoted as you gain enough experience.
Casino owner responsibilities include interacting with players and operating games and other events.
How to play Decentraland?
For the best gaming experience, you need to have a MetaMask wallet first, which is a browser extension.
Decentraland gives you two choices – log in with your wallet or play as a guest.
Requires a unique name
When you log in for the first time, you will be asked to create a username.
You can pay to claim a name or choose to receive one for free.
You can also purchase names from those listed on the market – names include things like “CRonaldo”, “Omicron” and “GoogleCEO”.
Once you have the name, you can also resell it.
Several players have confirmed the names of real-world celebrities.
Explore the world
There are different controls you must learn to navigate the world.
Pressing C on your keyboard brings up a control panel, showing the various buttons you need.
After learning how to move, you can teleport in different areas, to explore the world of Decentraland.
There are many quests to do when you join the game.
You can join a treasure hunt or chat with other players and find out if anyone has a quest for you.
In return, you can get NFTs and wearables.
To find more quests, go to Genesis Plaza and tap the rocket icon in the bottom right corner of the window and follow the instructions.
Play games, attend events, buy and sell land and NFT
Decentraland offers many games to earn money, but you can also buy land with MANA and create your own games, shops, galleries and museums.
You can also attend live events where you can connect with the community and make virtual friends.
If you want to sell properties, the marketplace built in Decentraland is the place to go.
To sell, you need to follow these steps:
- Click the “My Assets” tab
- Go to “Sell”
- Choose a price for your item and set an expiration date for the offer
- Go to “Selling List” and re-enter the price to confirm
Decentraland offers a list of exciting experiences and earning opportunities.
However, it’s not the best when it comes to games – it tends to be sluggish and load times are long.
So if you are looking for good video games check out Best game for 2021.
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