Do you dream ofbuying a land parcelandbuilding a project or a house? You might not afford it now, but you have another option–virtual land! Decentraland launched in beta in 2017 and has gained considerable popularity as concepts like the metaverse andinteractive virtual spaceconstruction found their way into the consumer mainstream.
Below, we"ve prepared a comprehensive guide to Decentraland, its economy, and the native token MANA, while taking a look at its future roadmap and what lies ahead.
Before we start, let's get to know who the masterminds behind it are.
Who Made It?
Decentraland coincided its launch in beta mode with MANA's Initial Coin Offering (ICO) in October 2017. That said, its history dates back a little further.
ArgentinianAri Meilich and Esteban Ordano, project lead and tech lead, respectively, initially created the project in 2015. It started as a simplepixelated gridthat allocated individual pixels to users through a basicProof-of-Work (PoW) algorithm.
The project hit its first development milestone,Stone Age, in June 2015. This was a significant part ofthe Decentraland roadmap that represents each version of the game's visual experience and map. Then, it went through aBronze agebefore evolving into a more immersive, three-dimensional world two years later when it officially launched. Next came theIron Age, which followed Decentraland's construction on the Ethereum platform.
That saw Decentraland switch to aProof-of-Stake (PoS) model and accomplished numerous ambitious objectives. These include P2P network development for deeper user interaction, a micropayment system as a core feature, and the land management interface where users and artists can create in-browser experiences and games for visitors.
Meilich had worked with his colleague Ordano at Stremium and Bitcore. Ordano also worked at Bitpay as a software engineer before founding Smart Contract Solutions in the early 2010s.
The project's marked ascent and recent growth proved thesynergies between its founders" tech expertise, resulting in the popular Decentraland.
Pretty impressive! Let's start exploring what all these milestones created in Decentraland.
Getting Started: What Is It?
In simple terms, Decentraland is a decentralized andthree-dimensional (3D) virtual reality platformthat runs on the Ethereum blockchain. This 3D world starts withland ownership, which opens up a new dimension forgaming and investment.
Decentraland lets you create, experience, and monetize the content you create, including any games and collectibles that you invest in. That's why the founders intended that you and other users own this virtual space.
In this virtual world, you're able to buy, sell, and build digital real estate using the90,601 separate land parcelsavailable, each representing a uniquenon-fungible token (NFT). Decentraland also stores land parcels in an Ethereumsmart contract, including your information as the owner. It also stores the unique virtual world coordinates and location that identify each plot.
Decentraland categorizes each parcel as an in-game NFT, which is scarce, unique, and boasts inherent and tangible value. If you buy two or more adjacent plots, you create anestate.
When you buy land, you'll receive all its associated information andfull ownership. That way, you gain the relevant permissions to edit content, build, and authorize future sales.
Decentraland offers a wide game variety, with many games adopting the so-called play-to-earn model. That transformed a social platform into a vibrant and bustling economy.
You can use theATLAS toolto navigate Decentraland's geography and themed districts and identify the best locations for real estate development.
Once you own land, you can modify and monetize it asrentable or offer play-to-earn games. That's the other fun part in Decentraland. Let's take a look at the games you can play.
Games to Play
Central to the Decentraland's appeal is its play-to-earn gaming model, which enables its vibrant community to develop games you can access and play.
What's more, you don't need to install anything to access the platform's various games. You only need MetaMask or a similarERC-20 compatible and browser-integrated wallet. You simply access yourwallet as a browser extension and download it. That paves the way to aone-click easy entryto Decentraland's virtual game universe.
Let's go down the game lane and check afew popular gamesin Decentraland.
It's the platform's most popular play-to-earnmonster-catching role-playinggame. You can even buy Ethermon NFTs to compete with other players here, which creates an increasingly immersive and thrilling dimension.
In the game, you can buy acollectible dragon egg NFT. Once the dragon hatches, you can leverage it to engage in the broader gaming realm tocomplete quests.
Decentraland is also the leading crypto metaverse foronline casinogames. For example, Decentral Games created a virtual hub called the Tominoya Casino.
Legendary game developers, Atari, invested in ametaverse estateat Decentraland to host a huge classic game selection.
Before we delve a little deeper into Decentraland and its gaming model, you should take a closer look at its immense possibilities and potential limitations.
What Are Decentraland's Possibilities and Limitations?
Virtually Unlimited Possibilities
Decentraland's capacity fordeveloping 3D environments and avatarspresents innovative opportunities for you tomonetize your skillson its platform. You're also free to roam around the Decentraland metaverse and navigate its locations using the ATLAS tool. The tool also enables you to teleport to different destinations as you explore ways to craft yourunique online experience.
Your avatar is the passport to the Decentraland metaverse, which includes everything from virtual clubs and NFT art displays to interactive games, shopping centers, and hubs for social interaction. You're effectively teleporting to a virtual realm and living in it while sitting at home.
You also get the chance toown everything you purchaseand invest in the community's growing NFT offerings through the platform"smarketplace.
That said, you should pay attention to some platform and virtual land sale model limitations.
An individual land tile measures 16 square meters without limits on the floor area ratio or how much you can build upwards. When building a project, your only consideration is thecorporeal limitationson your buildings" ground and base size.
Critics suggest the land sales and developments indicate abackward commercial modelas if it's selling a symbol of potential value before creating any actual or tangible value.
In June, for example, Reuters reported a Decentraland virtual plot sale worth 1,295,000 MANA, equivalent to $4,366,740 at the time. The bare land eventually boasted a shopping center.
Everything's great so far, and it seems a prosperous investment. The Reuters reporters claimed, though, the center didn't have any customers when they visited the location shortly after the acquisition. That's an issue if you're a seasoned and logical investor.
Another hurdle is theprice premiummost in-demand land plots command. That creates significant restrictions and barriers to entry unless you're lucky enough to afford them. The Decentraland map has a fixed amount of 90,601plots of land, all of which have been sold, and many of which can be found for resale on the Marketplace.
Thedevelopment programis another bottleneck since it'scomplex and time-consuming, restricting investment. We'll wait and see if the team manages to deliver on its promise to improve this incrementally over time.
How to Get Started: What Do You Need?
The first thing you need is awalletthat successfully works through a web browser, with MetaMask and Atomic Wallet offering two viable options.
Pause…Which Decentralized Wallet Should You Use?
A wallet is central to a positive and secure Decentraland experience. It serves as your account and enables you to connect to the metaverse from any device. That differs from local data storage or a centralized wallet, enabling you to receive daily rewards and quests or participate in real-time events.
You can store MANA in anyERC-20 compatiblewallet (readthis Atomic guide for more information about ERC-20), although we recommend favoring non-custodial wallets. These wallets offer youcomplete control over your private keysand allow you to encrypt these on any device you choose versus storing them on a centralized exchange.
Atomic Wallet is an ERC-20 compatible wallet available online and ideal for Decentraland players. It allows you to transfer, store, and exchange up to 500 separate crypto tokens, including MANA. You also can access it seamlessly from multiple devices with basic password information.
Atomic Wallet also is a non-custodial wallet, which means you'll retain complete control over your private keys at all times. You canencryptthese directly on your advice, negating the need to store data centrally and ensuring 100% control over transaction authorization.
Overall, this is an excellent choice for players, providing security and accessibility in equal measure.
If you select MetaMask, you'll have to open your browser and log into your associated account. Then, selectExtensionsfrom the drop-down menu in the browser's top right-hand corner. Many wallets will require a 12-word seed phrase for security and a password to secure regular access.
You can then access Decentraland directly through your browser, creating a password for your account and virtual identity.
Claim Your Name
On your first visit, you'll have a guided tour through the platform to create aPassport and an Avatarwhile getting an initial choice to enter as a guest. You can claim abasic avatar and identityforfree. If you want to claim a permanent and unique avatar name, you'll have to pay a nominal fee.
Now, you"ve completed your Claim a Name stage.
You can click-through theExploringicon on your screen's top right-hand corner and get a beginner"stutorial to develop basic skillslike walking, jumping, and even chewing gum at the same time!
Then, you can leave the tutorial through the portal arch and immerse yourself in the Decentraland metaverse and determine your precise involvement level. How you proceed depends on what you intend to do.
If you want to navigate the virtual world and seek out existing games, you can teleport to various areas by pressingCon your keyboard. Other options on your keyboard's bottom bar help you perform quests, build, and seek available games. You can walk or use theJump Inicons before identifying the games you might enjoy.
Build Your Game
Ok, we hear you ask, but how can you build games on Decentraland?
Your first step is toinvestin land. You'll need to determine how many items you"d like to incorporate, scalability, and decide how many parcels you'll need to buy.
Once you figure these out, you'll have toselect your scene's size, which you construct using the accessible and easy-to-use Builder Tool. Choose from the following4 options:
- Mini (1x1): 16x16m - up to 20 items
- Standard (2x2): 32x32m - up to 80 items
- Big (2x3): 32x48m - up to 120 items
- Custom: up to 32 land parcels
Once you"ve purchased your land, the next step is to indulge your creative side and develop your game. Advanced users with TypeScript or similar language coding knowledge should take the time tolearn and use Decentraland's Software Development Kit(SDK).
This advanced software helps you import 3D models into the platform for more complex and immersive games. It also supports advanced coding, animations, and several gamified applications.
We"d recommend that you familiarize yourself with the platform and browse the existing games before developing your own. You'll find a diverse selection of games available, some more popular than others.
The website offerslearning material to help youmake an informed investment and involvement decision. These include a blog resource, detailed documentation for scene developers (here), and The Decentraland University's Course: Building Virtual Reality Scenes in Decentraland (here).
How Much Does It Cost to Play Decentraland?
Decentraland isfree. That said, you'll have topayto get aunique avatar and land parcels. If you seek exclusive avatar items outside the basic range, you'll pay more than hundreds of dollars per item.
One land parcelmight also cost youmore than $10,000in the current market condition. You get to offset these costs, though, through play-to-earn games and the ability to monetize content while earning NFTs.
You'll need to balance the total participation cost with your intended activity and any potential returns before making an informed decision.
Now that we"re talking about money, let's get to the meaty part: how you can earn some!
Earn Money in Decentraland
Let's rewind a little and check what Decentraland's currency is.
What Is MANA?
MANA is afungible token with ERC-20 capability. That means you can purchase and trade it on licensed crypto exchanges, likeBinance, and stack it on decentralized exchanges (DEXs), like Uniswap.
MANA launched in October 2017 at anominal value of around $0.01062 per token. Its value remained relatively flat over the next three years or so, reaching $0.08374 on January 1st, 2021.
This year, the trend and rising demand for high-value NFTs sent Decentraland's value soaring, reaching an initial peak of $1.5678 on May 6th. MANA hit anall-time high of$5.4792 on November 25th.
How Do the Tokenomics Work?
A Decentraland original objective is to create an open economy where you have complete ownership of its associated apps and assets. Currently, the transactional MANA token underpins Decentraland's wider economy.
In turn, the Decentraland Autonomous Organisation (DAO), a fully decentralized and autonomous entity, administers and distributes the tokens. The DAO issues a finite MANA token supply, which now stands at2.6 billion coins.
You can make money in these 3 ways.
1. Land Appreciation and Auction
The game's real estate lots are among Decentraland's NFTs, which means they boastgenuine scarcity and a tangible store of value. You also make money by creating estates that are very expensive in the current marketplace, sometimes selling for thousands of dollars.
You'll also benefit from land's price appreciation. Consider how land auctions showed that Decentraland's parcels appreciated with time.
Land auctions are the most popular way for you to buy land. The first Decentraland land auction took place between December 2017 and January 2018, during which it sold 34,356 parcels for a staggering 161 million MANA. Their total value topped $30 million, despite ending up with 9,331 unsold parcels at the auction's close.
Participants in Decentraland Agora, the community's voting platform, elected to host a second auction in December 2018 to offer the unsold land parcels for sale.
The remaining parcels generated a total of 109.5 million MANA and an average parcel price of 11,738 MANA, highlighting the token's value appreciation compared to the previous auction.
Decentraland also uses the so-calledDutch auction method, marketing parcels at an initially high price. It then lowers the price incrementally at a predetermined rate over time, while auction participants complete a purchase once an asset reaches a price they accept.
Since Dutch auctions don't include bidding and bidding wars price remain manageable and fair.
2. Collectibles, Avatars, and Associated NFTs
In Decentraland, your MANA tokens help you fundin-game purchases, including avatars, accessories, collectibles, and associated NFTs. Collectibles also create a central role in the Decentraland economy, creating another income stream.
Once you buy a collectible, you'll receive itscontract and all data relevantto this asset to your wallet. That way, no one has the opportunity ever to mint it.
Some popular and scarce collectibles in the Costume category available in Decentraland include:
Bumble Bee:It holds anepicrarity since only 1000 bumble bees are available for purchase.
Frankie:This item is oflegendaryrarity and boasts a scarce supply of just 100 Frankies.
Bride of Frankie:This Costume collectible has amythicrarity, with a maximum and finite supply of just 10.
Skeleton:This Costume collectible also boasts amythicrarity, and you'll find just 10 available in Decentraland.
3. Complete Quests
From an economic perspective, you also have the opportunity tocomplete quests to earn NFTs. You can create quests for other community members to undertake, with one or more NFTs available upon completion.
That's another fascinating string to Decentraland's bow, and while these NFTs typically have a low value, they may appreciate over time.
Can You Mine MANA?
Decentraland built its initial iteration on Bitcoin's classic PoW model before transitioning to the so-calledProof-of-Concept protocol. That facilitated the land ownership tracking system across the Decentraland metaverse. It also enabledmining certain NFT-represented wearables, bought and sold in the marketplace.
That said, mining MANA is impossible since Decentraland formally built the metaverse on the Ethereum blockchain, a PoW blockchain transitioning to a PoS model. Mining MANA is unlikely to happen anytime soon.
Earlier this year, Decentraland introduced its initial step to reach a layer 2 solution for payments and transactions, enabling users to shift their MANA tokens from Ethereum over to Polygon. An entire PoS validator network secures Polygon and represents a significant development for the blockchain.
Are the Game and Network Secure?
Most third-generation cryptocurrency projects areinherently secure, and Decentraland is no exception. Currently, Decentraland leveragesTypeScript codingfor creating scenes in the ledger, known as metaverse2.
This protocol also secures the system where the community hosts its VR ecosystem to support its fast-growing member count. It alsotracks and recordseach land purchase you make andalldigital assets and secures your parcel ownership inreal-time. You also benefit from an additional security layer from Ethereum.
Decentraland boasts a close-knit active participant community that regularly tests the network for bugs and critical risk points. They immediately report any suspicious malfunctions they uncover.
The wallet you use also plays a role in your overall security. Check out our guide on crypto securityhere.
The Future, Roadmap, and Game's Ambitions
Decentraland's primary objective is to create a completely open and decentralized digital economy. It also aims to change the dynamics between users and social network operators.
More specifically, its broad ambition is to transform these networks into three-dimensional and fully immersive realms. There, you can travel and interact freely while creating rewarding and profitable virtual identities that mirror the corporeal world.
Future roadmap developments will focus on theplatform's world map. That'll feature and bookmark locations and trending lands and offer you the opportunity to teleport instantly to your favorite locations inGenesis City.
Decentraland will combine this with a faster and more seamlessnative world explorer, enabling advanced mobile gameplay and helping promote the community among a larger, global user base.
Increasing Decentraland's reach and achieving global penetrationremains the next frontier for developers. They also target creating more immersive content and opportunities to earn NFTs as you complete quests and challenges.
These moves are necessary, especially with rival metaverses, likeAxie Infinity and Portals, offering viable alternatives to Decentraland in the current marketplace. That's an interesting space to watch and one that'll see incredible growth and innovation in the months and years to come.
Decentraland's a gateway to avirtual realmyou and other users get to create. It allows you to buy land, accessories, collectibles, and other NFTs that store value since they"re unique. The founders" objective is to transfer ownership to users, meaning you have control over this virtual world and how it develops.
That said, you'll have to spendMANA, the ERC-20 compatible fungible Decentraland token, to earn some. The realm depends onland and NFT as value storesand game quests to earn MANA. You can trade your earnings on licensed exchanges or stake your MANA on decentralized exchanges.
Any investment has its potential possibilities and risks, and Decentraland isn't any different. Only time will tell which metaverses are fit for long-term growth and which ones won't be able to withstand the competitive heat.
At this stage, we'll bridge all knowledge gaps as we answer your most frequently asked questions.
What devices can I play on?
Mobile gameplay isn't currently possible, though that'll change as part of Decentraland's roadmap in the near term. That said, you can run Decentraland from multiple computers, but remember to install your digital wallet on each device.Atomic Wallet is a great option giving you full control over your private keys and being ERC-20 compatible.
What exactly can I buy with MANA?
MANA"sprimaryuse is to buyunique avatars and land. That said, Decentraland offers NFTs, collectibles, wearable assets, other goods and services available in the metaverse for you to buy withMANA.
Wearables you say–how can I get them?
You can access basic wearables and accessories for free in youravatar editor. On theDecentraland Marketplace, you can also mine and purchase special and exclusive options. Your third option is toearn somewhen participating in selected events and quests.
What is an estate?
An estate refers totwo or more adjacent land parcelsbelonging to the same owner. High-profile users, like Atari, have made similar investments that cost thousands in the current marketplace. That said, an estate can be ahighly valuable NFT and enables you to build larger and more complex scenes.
Who verifies transactions?
It's the Ethereum landsmart contract that registers any changes to a parcel's state, like a change in the associated contents or an ownership transfer following a sale. TheEthereum blockchain recordsthese changes in real-time as network participants verify the records as part of the Proof-of-Stake model.
Access the ultimate source of information onDecentraland's official website.
Decentraland Block Explorer
Explore Decentraland"sEthereum blockchain.
Check all the latest news onDecentraland's blog.
Follow@decentraland on Twitter, for its latest updates.
Interact with other players onDecentraland's Discord server.
Discuss Decentraland and its metaverse with other members onr/decentraland.
Owning LAND within Decentraland is akin to owning any other unique, crypto asset like CryptoKitties or CryptoPunks, however you will be able to use your LAND within Decentraland to build three dimensional spaces and applications.What is the difference between Decentraland Mana and land? ›
Two different types of tokens govern operations in Decentraland. These are: LAND – A non-fungible token (NFT) used to define the ownership of land parcels representing digital real estate. MANA – A cryptocurrency that facilitates purchases of LAND, as well as virtual goods and services used in Decentraland.Will Mana reach $100? ›
Mana Coin has given a great return to its initial investors in 2021. Mana Coin has many real use cases that make Mana Coin's position strong in the market. As per our analysis, the prices of Mana Coin will continue to grow in the next 5 years, surpassing the $100 mark by the end of 2025-26.How do I choose land in Decentraland? ›
- Decentraland Marketplace Registration. Start by going to the Decentraland marketplace, where you're able to register for an account or login in. ...
- Choose Your Parcel of Land. ...
- Purchase your Land. ...
- Link your Wallet to the Decentraland Marketplace.
The areas you interact within Decentraland are LAND, non-fungible digital assets that you purchase in the game. Once you possess a piece of LAND, you can do whatever you want with it. Games, applications, gambling services and even dynamic 3D scenes are possible.Can I build in Decentraland without LAND? ›
You do not need to own land in order to visit and enjoy Decentraland, however, if you decide you would like to invest and build in Decentraland, you should know the following information…How much is one LAND in Decentraland? ›
The average cost of a parcel of land in Decentraland is $855. The price of a land parcel in Decentraland varies depending on its location. A parcel near the Genesis Plaza, for example, will cost more than one in another district. The same also applies to land parcels near Snoop Dogg's property.How much is the cheapest LAND in Decentraland? ›
The cheapest land in Decentraland costs 3487 MANA.Will MANA reach $25? ›
MANA will hit $25 by the end of 2022 and then $50 by the middle of 2024, per Coin Price Forecast.What is the prediction of Mana in 2025? ›
Based on the technical analysis by cryptocurrency experts regarding the prices of Decentraland, in 2025, MANA is expected to have the following minimum and maximum prices: about $1.31 and $1.57, respectively. The average expected trading cost is $1.35.
As on 26th Jan 2022, The price of Decentraland (MANA) crypto has fallen by 16.98% in the past 7 days. The price increased by 7.60% in the last 24 hours. In just the past hour, the price shrunk by 0.24%. It is possible that it can reach $1,000 USD if current rate of price increase happens in future.Which LAND is better sandbox or Decentraland? ›
Sandbox offers more land plots that are more affordable to buy. However, the land on Decentraland is more valuable, partly due to its scarcity, making it a better virtual asset to sell.Does it cost money to build in Decentraland? ›
This game encourages developers to invest in Decentraland. The cost to build a store in Decentraland is roughly $4700 MANA ($13,500 USD). To purchase Land, you will first need enough Decentraland tokens. A certain amount of tokens is required to purchase land from the Decentraland marketplace.How much is 4000 mana in dollars? ›
4000 Decentraland is 1996.171 US Dollar.How many people own land in Decentraland? ›
And to ensure digital real estate has value, supply is limited – with a total of 268,645 parcels of land on these four main platforms up for grabs. While Sandbox, the largest virtual world for real estate purchases, has 166,464 plots, accounting for 62% of the total, Decentraland owns 90,000.Can you sell homes in Decentraland? ›
There are four popular Metaverse platforms where users can buy and sell virtual real estate: Somnium Space, The Sandbox, Voxels, and Decentraland.What is the most expensive land in Decentraland? ›
10 Largest Metaverse Real Estate Deals.
|TOP 10 TOTAL||$20,574,000|
The conversion value for 500 MANA to 267.886 USD.How much mana is $50? ›
The conversion value for 50 USD to 105.035 MANA. BeInCrypto is currently using the following exchange rate 2.101. You can convert USD to other currencies like XRP, DOGE or USDC. We updated our exchange rates on 2023/05/10 15:33.How much is $100 in Mana? ›
Conversation Table (with latest exchange rate)
|USD [US Dollar]||MANA [Decentraland]|
|100 US Dollar||=||214.489161 Decentraland|
|1000 US Dollar||=||2144.892 Decentraland|
Once you're in Decentraland's Marketplace, click on the 'Land' tab near the top of the page. This will take you to the listings of all LANDs both for sale and for rent.How much does it cost to play Decentraland? ›
Yes, you can play Decentraland for free. As a guest user, you may easily explore the globe by using a browser to access its website. Create an avatar, give it a name, verify that you are at least 13 years old, accept the terms and conditions and you're all set.Can I play Decentraland without money? ›
Yes, you can play Decentraland for free. You can simply explore the world by opening up its website on a browser. However, the game is not completely free. It is free to play in the sense that you are able to explore its world and use some of its features for free.How much is $1000 dollars in Decentraland? ›
|$ US Dollar||Decentraland|
Conversation Table (with latest exchange rate)
|MANA [Decentraland]||ACRE [ACRE]|
|1 Decentraland||=||560.922470 ACRE|
|2 Decentraland||=||1121.845 ACRE|
DigitalCoinPrice had a Decentraland price prediction for 2023 saw the token averaging a potential $1.23, reaching an average price of $1.39 in 2024 and $2.03 in 2025. According to the website's MANA price prediction for 2030, the token could possibly trade at an average of $6.25 that year.Which Metaverse has the cheapest land? ›
The cheapest Metaverse land is usually found on the open market, and the cost of the land will depend on the size, location, and features of the land. Buying Metaverse land can be a great investment, as it can be used to create virtual businesses, host events, or even build virtual homes.What is the future price of land in Decentraland? ›
Decentraland Price Prediction 2029
The Decentraland price prediction for 2029 is a minimum of $7.35, an average value of $7.61, and a maximum price of $9.07. The Decentraland price is expected to reach all-time highs by the end of 2029 if the market remains positive.
The price of MANA can move even great heights, however reaching $30. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency MANA breaks past the psychological resistance level.
|Year||Minimum Price||Average Price|
According to our analysis in the short term, Decentraland price prediction for July 2023 shows the average price of MANA at $0.81 and the highest possible price for July 2023 would be $0.87.How high can mana go 2030? ›
Bullish Decentraland (MANA) price predictions range between $2.39 and $4.51 by 2030. Market analysts believe MANA could reach $1.86 by 2025.What will sandbox be worth in 2030? ›
|Year||Minimum Price||Maximum Price|
Decentraland price prediction March 2030: Decentraland's price for March 2030 according to our analysis should range between $1.81 to $2.08 and the average price of MANA should be around $1.94.Can sandbox reach $100? ›
If you're looking for the $100 target, you need to wait some more years. As per our Sandbox price analysis, the investors need to wait for the next decade to reach its $100 target. However, a bull rally can help SAND to reach its target before our price analysis.What will MANA coin price be in 2050? ›
|Year||Minimum Price||Maximum Price|
It has huge profit potential, but it's also possible to go down. If you had invested in MANA at $0.08 at the beginning of 2021, you would have gained huge returns on your investment.Who is backing Decentraland? ›
The South Korean government, Samsung, Polygon, Digital Currency Group, FBG Capital, and Cyberpunk are some of the organizations that support Decentraland.Why is Decentraland worth so much? ›
There are 90,000 plots of land in the game, each represented by an NFT. This has been a major selling point of Decentraland because you can become a virtual real-estate mogul by buying up cheap land NFTs and selling them for profit.
Creators receive 95% of the value from the NFTs they created and sell on The Sandbox Marketplace. This revenue system allows creators to reinvest their earnings to develop their activity by hiring more artists and builders for their LANDs.How do I make a lot of money in Decentraland? ›
- 1 trade land.
- 2 Create and sell assets.
- 3 play-to-earn games.
- 4 Work at Decentraland as a Freelancer.
- 5 Works for Decentral Games.
- 6 Buy and sell MANA.
Currently, the cheapest plots of land in Decentraland typically sell for around 4,000 mana, which at the time of writing would cost nearly $15,000. However, once a user buys land, they own that asset until someone wants to buy that specific plot—the tokens are non-fungible, after all.Can you sell mana for USD? ›
Whether you're a bandwidth provider looking to cash in on your gains or you're an investor who wants to pursue another trading opportunity, Kraken allows you to sell MANA directly for ether (ETH), as well as U.S. dollars (USD) and euros (EUR).How much is 1 million mana in dollars? ›
1000000 Decentraland is 523469 US Dollar.
So, you've converted 1000000 Decentraland to 523469 US Dollar. We used 1.910334 International Currency Exchange Rate.
The conversion value for 5 MANA to 2.463 USD.How much is a piece of LAND on Decentraland? ›
The average cost of a parcel of land in Decentraland is $855. The price of a land parcel in Decentraland varies depending on its location. A parcel near the Genesis Plaza, for example, will cost more than one in another district. The same also applies to land parcels near Snoop Dogg's property.Who owns LAND in Decentraland? ›
Anybody can buy, sell or rent land at any time, peer-to-peer on the official Decentraland Marketplace, or via Opensea. All transactions are stored on the Ethereum blockchain as true proof of ownership, so when you buy and own that land token, you officially and unquestionably own that piece of land.How many people own LAND in Decentraland? ›
And to ensure digital real estate has value, supply is limited – with a total of 268,645 parcels of land on these four main platforms up for grabs. While Sandbox, the largest virtual world for real estate purchases, has 166,464 plots, accounting for 62% of the total, Decentraland owns 90,000.How do I claim my name on Decentraland? ›
To claim a new name, click the + icon, then enter your new name. Names can't be more than 15 characters long, contain spaces, or include any non-alphanumeric characters. You might have to give the Builder permission to operate MANA on your behalf via the toggle switch under the name entry field.
How Much LAND Is Still Available in The Sandbox? LANDs are selling quickly. On the secondary market, OpenSea, 31,581 parcels are currently available for purchase. The cheapest parcel costs 1.648 ETH, which is around $4,773.How much is 100 usd in Decentraland? ›
How much is 100 US Dollar in Decentraland? 100 US Dollar is 195.205375 Decentraland.What is the cheapest Metaverse LAND on Decentraland? ›
Cheapest Metaverse Land
But just to give you an idea, in Axie Infinity, the cheapest parcels are about 1 AXS (1 AXS = 13.25 USD on July 13th, 2022). The floor prices for The Sandbox and Decentraland's land parcels are about 2 and 2.5 ETH respectively. In Cosmic Universe, they're about 2 MAGIC.
Who owns the most total number of Decentraland tokens? Binance (BNB), the largest cryptocurrency exchange in the world, was the largest holder of MANA, with over 261 million tokens.Who owns the most metaverse land? ›
Sandbox. Sandbox currently dominates the metaverse real estate, owning approximately 62% of the entire market.Who controls Decentraland? ›
Land in Decentraland is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y).Can I sell mana for cash? ›
Whether you're a bandwidth provider looking to cash in on your gains or you're an investor who wants to pursue another trading opportunity, Kraken allows you to sell MANA directly for ether (ETH), as well as U.S. dollars (USD) and euros (EUR).Is it free to sell on Decentraland? ›
The costs to list, sell and buy wearables will be covered by the Decentraland foundation and is free for the users; but there is a free transaction limit. Using this marketplace, users can buy, sell and transfer their assets.
In 2021, a 116-parcel plot of digital land in Decentraland sold for a record €2.49 million worth of cryptocurrency. The buyer, Tokens.com, bought the estate in the heart of Decentraland's Fashion Street district to facilitate the company's expansion into the digital-fashion industry.