Decentraland Metaverse Development Investment Options for NFT Land Plots August 2022

2 min read

metaverse virtual real estate

You can create any kind of scenery in Decentraland. The game comes with 4 different scene pools, land, name setting, and 3d sprites. The districts can be used for games and rouge-like cities. So far, there are 39 approved districts. You can choose which one you want to build in. But, before you do, make sure to read their community manifesto. It’s a good idea to read these before buying any land.

Decentraland Districts are NFT Land Plots

In Decentraland, you can purchase a virtual plot of land in the form of NFTs. One such land plot is “Portion District.” This is equivalent to approximately 1,250,000 USD. The price of this land is determined by its coordinates, and it’s expected to be higher than others. Alternatively, you can purchase several smaller pieces of land and merge them together to create a larger estate.

While the game is still in the early stages, it already offers many great features. Users can start a district for a specific topic or interest. A crypto enthusiast may have a district for cryptocurrency apps or services. They can vote through the Agora voting dApp. The weight of their vote will depend on how many LAND they own in the district. This gives users more control over the district and gives them a way to give feedback to the developers. Another interesting feature is the MANA token, the currency of Decentraland. This is an ERC20 token and can be used to buy in-world goods and services.

The Red Light District is another area of the Decentraland Metaverse. This place revolves around digital land parcels. Most of the land in the Decentraland metaverse is owned by active users, while the rest is owned by developers and used for game content. People can buy, sell, rent, and host content on these plots. The land parcels are auctioned off in a manner similar to a Dutch auction.

Related: P2E Augmented Reality/Virtual Reality Explained

Develop & Monetize Decentraland Investment Ideas

You can also become a land developer in Decentraland by selling your land portions. People on the game are looking for different types of services. If you’re good at designing and coding, you can turn your land into a money-making opportunity. As far as services go, you can make money by designing templates for constructions or games. The possibilities are endless. This makes investing in Decentraland the safest option amongst investment options.

Another advantage of Decentraland is its economy. You can purchase NFTs and participate in virtual casino games. Or, you can become a creator yourself and engage in creative activities. In-world payments, in-world games, and peer-to-peer communications can also be used to make money. You can use your NFTs to invest in a business idea. Just make sure you know what you’re doing before making a move.

The game also allows you to participate in community events. The crypto communities hold concerts, gambling nights, and movie screenings. Besides this, you can participate in the in-game economy. You can even buy and sell digital art in Decentraland. All of these things are made possible with the help of blockchain technology and smart contracts. If you’re interested, check out the demo version and start playing! You’ll soon find out if this game is for you.

Five Fun Facts About Metaverses

  1. Metaverse is named after a term in a 1990’s novel.
  2. Technology trends will abound; Augmented reality, Virtual reality, Artificial Intelligence, and many to come
  3. Metaverse Worlds will be worth Trillions, How Many? It’s been estimated at $5 Trillion by 2024
  4. A couple exchanges wedding vows in the Metaverse
  5. There will be numerous Metaverses, Bias to Decentraland should be noted

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