What sets Decentraland apart from other virtual worlds is its ability to provide lucrative investment opportunities.
Created by Esteban and Ari Meilich in 2015, Decentraland is the first and most popular crypto-based virtual reality world. Its contents range from interactive systems like casinos and games to 3D scenes, and you can buy and sell them and generate profits.
Decentraland documents ownership of properties on the Ethereum blockchain to prevent fraud and make them easily transferable. MANA tokens serve as the means of exchange—and Decentral Games casinos have seen their prices skyrocket.
What You Can Invest In
What sets Decentraland apart from other virtual worlds is its ability to provide lucrative investment opportunities. These come in two major categories: Land and Estate, and they all play unique roles in the platform’s economy.
Each parcel of land in Decentraland is 16m by 16m in size, and the metaverse represents them in Non Fungible Tokens (NFTs). An NFT is a unit of collectibles on the blockchain, with values unique to the specific item. Like in the real world, land in Decentraland is finite, making it all the more valuable.
- How to Buy Land in Decentraland
You can purchase land through an intermediary NFT exchange such as Opensea or right at Decentraland’s marketplace. Both options will cost you MANA, which you can buy using Bitcoins on any exchange where the token is available.
- Decentraland’s Land Prices
As of March 2021, the cost of one parcel of land was around 6,900 MANA, equivalent to approximately $5,800. The total number of land parcels in Decentraland is about 90,601. Keep in mind that crypto values are volatile, so these values continue to increase as more investors enter the market.
Activities in Decentraland – and any other digital world – are community-driven. What makes the world’s land value is its location and how the owner develops it. You can do this by buying land parcels adjacent to each other and merging them into Estates. After that, it’s all about building environments like casinos, art galleries, and games where people can interact.
Selling Decentraland Properties
Just like when you’re buying, the marketplace is the go-to place to sell all assets. These include your land, estates, wearables, and unique names. Here’s how you can go about this process:
- Go to ‘My Assets’ and open the details page.
- Once the page loads, click Sell.
- Set your selling price and the offer’s expiration date.
- Click List For Sale and then retype the price you’ve quoted to confirm.
- Confirm your transaction with your Ethereum-based account and wait for it to verify.
Casinos Where Players Can Win Big
Crypto payments are speedy and secure. That much is a fact. And seeing as more and more online casinos are using bitcoin, Decentraland is not the exception. It allows you to purchase MANA using BTC easily and participate in online gaming action on Blackjack and Roulette tables and Slots.
Players need to create their Avatars to navigate the casino floor and the gaming environment in general. Apart from MANA, these animations can also win NFT wearables during gameplay while making new friends. Wearing these clothes and playing at multiplayer tables will boost your rewards.
Decentraland Casino Owners: Presenting Decentral Games (DG)
Also operating on the Ethereum blockchain, Decentral Games is the gaming platform that supplies Decentraland’s casinos with their games. It gives the properties’ ownership to the community, so all casino-related decisions belong to the users. In other words, this developer allows you to be the house.
Investing in Decentral Games Tokens
Playing in Decentraland’s casinos allows gamers to earn DG tokens. Then, all the token holders have to vote on whether to build new casinos and games on their land.
You can earn DG tokens by:
- Gameplay Mining: You can mine DG by playing the games with MANA and even earn extra points by playing in group tables.
- Referral Rewards: As an affiliate, you can get DG tokens by referring new players.
- Governance Bonus: Locking your DG in the company’s governance contract will also earn you additional tokens.
Earn Massive Profits with Decentraland
As people join Decentraland to trade or invest in the properties, the metaverse’s value continues to appreciate. Experts predict that this progress will secure future expansions and boost the platform’s returns even further.
Bryan is passionate & expert writer with more than five years of experience. He has written about various topics such as product descriptions, travel, cryptocurrencies, and online gaming in my writing journey. The latter is one of his favorites topics, and you can find some of his premium casino content at OUSC.