You all must have heard about the Decentraland Metaverse. The platform has acquired huge popularity. There are various big brands that are approaching the Decentraland platform to host their events. For example, the Samsung Metaverse store. Well, what is Decentraland exactly and how does it work?
The post below will clear all your doubts and queries about the platform. Decentraland was made accessible to the public in 2020 and since then the platform has gained a huge audience. Well, in this article you will come across all the reasons for its popularity along with the workings and the Blockchain used.
So, let’s not waste much of your time and start with the article that will clear all your doubts and queries about the post.
What Is Decentraland
Decentraland is a VR (Virtual Reality) platform that allows users to buy land and sell it. You can also manage your virtual property on the platform. So, what would be a better option for the Metaverse users than to invest in Decentraland? After the Metaverse is successfully released, the Decentraland platform will allow the owners to create a new world of their own.
To get access to the application, Pay for services and goods, and trade, you need to have the cryptocurrency called Decentraland MANA. Talking about the effect of Metaverse release on MANA. The coin observed a spike of 400 percent when Facebook announced its Metaverse Plans. The value of the coin peaked at $4.16 at the time of the announcement.
Talking about the history of the Decentraland platform, it was introduced to the world as a 2D game in the year 2015. The game became accessible to the public in 2020. The company was later purchased by Animoca Brands and today it has got multiple investors. This has made it one of the biggest Metaverse ecosystems in the whole world.
How Decentraland Works
As we said, Decentraland is the virtual world platform in itself. The user can purchase land and build his real estate on it. He can later sell these plots at higher prices to the customers who are willing to buy the virtual property.
As you enter the Decentraland metaverse, you will be assigned an Avatar. You will control these Avatars to move around in the Decentraland and do various things. Recently Decentraland has hosted many live events. These events give the users a sense of being present at the moment even if they are sitting at their houses.
As we know the platform has got its own ecosystem. So, you will be buying the crypto tokens and using them on the platform this will run the economy of the virtual world. These cryptocurrencies are called MANA.
As the platform supports the NFT features. So, the feature has demanded the introduction of Blockchain on the platform. In case you are new to the term Blockchain, then let us explain it to you in simple words. Blockchain is the database that stores the information about the crypto and the NFTs traded. It is just like a huge database that stores all the information about the transaction.
Coming to the Blockchain used in Decentraland, it works on the Ethereum Blockchain. That makes it more secure and accessible.
Also Read, What The Land Manager Does In Decentraland?
Decentraland Token – MANA
The company has introduced the crypto tokens called “MANA”, which are used to purchase goods and land within the game. You can also get free MANA from the following platform.
- Dapper Drops
Things To Do In Decentraland Metaverse
1. Visit The Casino
Well, playing games in Casino is one of the best things to do in Decentraland’s Metaverse. The platform has several casinos. But, my favorite is the Atari Casino. I will tell you why. When you join the Casino you will be provided with free tokens. You don’t have to pay for roaming in the casino and watching somebody else’s game.
2. WonderMine Crafting Game
In this game, the players have to mine the Meteors that fall from the sky. As you join the game, you will be provided with the free 100 coins and a Pickaxe.
The players mine these meteors and collect the rare gems. The players then use these gems to craft the wearables. Well, the platform will cost you five coins and some durability from the Pickaxe for each mining. Sometimes you will also be rewarded with gold but this will not compensate for the amount.
You will also be provided with the option to upgrade your Pickaxe. Upgrading will provide you with the ability to collect more rare gems while mining the meteor. Collect these rare gems and craft the wearables to show them off to the other people in the Decentraland’s virtual world.
3. Play Mini-Golf
If you are a golfer then it has got the perfect setup for you. The virtual world has got a whole island called “GolfCraft” for golf lovers. So, playing golf on the island is one of the awesome things to do in Decentraland’s Metaverse.
How To Make Money In Decentraland
Well, the platform offers its users a number of ways to earn from Decentraland. Some of these have been listed below.
- Invest in the Crypto Mana
- Doing jobs in Decentraland Metaverse.
- Doing the Freelance jobs
- Create wearables and sell
- Playing Play To Earn Games
- Purchasing and selling land.
To know more about these methods to earn money on Decemtraland. Click on the link provided.
We think that now you are clear with all the aspects and working of the Decentraland Metaverse. Well, if you want to read in detail about the titles mentioned above, you can click on the links provided along. We have also written individual posts regarding these topics.
If you think that we have missed out on any detail or if you have any queries left regarding the Sandbox Metaverse then do let us know in the comments section. We will be happy to hear from you.
We would also like to tell you that we are not an investing site. So, if you are planning to invest in the platform then do your own research. The article is written for informational purposes only.
If you find this article interesting and informative then do share it with your friends.