Decentraland is a virtual world that is built on blockchain technology. This means that it is decentralized. So, in this context, there are no intermediaries and no middlemen. Instead, everything is run by the community. And there are many advantages to this.
First of all, it provides users with full ownership of their virtual assets. It also provides a decentralized environment, which means that no one can take your digital assets away from you. And finally, it can provide you with real money, too.
In a nutshell, Decentraland is a virtual world of endless possibilities and opportunities. So, if you’re interested in learning more about this new kind of virtual world, then keep reading!
What is the Purpose of Decentraland?
The welcome page of the Decentraland website reads like this:
Welcome to Decentraland
Create, explore and trade in the first-ever virtual world owned by its users.
The main goal of the Decentraland team is to create a virtual universe that gives its users full ownership of their virtual assets. The virtual reality platform lets you explore an ever-evolving world, build your own scenes and structures, buy and sell items, and trade with other players.
Decentraland aims to make a virtual world that allows people to create, experience, share and play within a shared virtual reality, where they can own, build, sell, trade, explore and live virtually, in a decentralized fashion. They want to give you the opportunity to design your own virtual world and create your own place in it.
Read More: The Sandbox Vs Decentraland: Which Metaverse Is The Best?
How Do You Make Money on Decentraland?
Decentraland stands out from the rest of the virtual worlds because it has many investment opportunities. The best way to get started is by investing in the Land. The process of buying land is simple and can be done at any time. Once you have bought land, you can develop the land by building structures and then sell or lease the land for a profit.
The land in Decentraland is divided into blocks or parcels. You can buy land parcels that are adjacent to each other and merge them into larger parcels known as Estates. The next step is to build environments where people can interact like casinos, art galleries, clubs, and gaming applications. In the end, the more parcels you have connected, the more you can build, and the more money you will make.
Obviously, these are not the only way to make money on Decentraland. You can also make a lot of money by playing casino games or play-to-earn games. For instance, you can earn $DG tokens in Decentral Games’ virtual casino through affiliate bonuses and governance rewards.