How Do You Play Decentraland?

To play in Decentraland, you don’t have to do much; as a new member, you can just explore the planet by visiting its website in a browser. Then make an avatar, name it, prove your legal age, agree to the terms and conditions, and you’re ready to start. In this article, we will explore on How to Play Decentraland.

The platform does not currently support mobile devices. You should also have a crypto wallet to enjoy all of Decentraland’s benefits. This will allow you to safely store your altcoins and other digital products. You will only be able to stroll around and create your avatar without an account, and you will be unable to participate in activities.

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Decentraland offers Limitless Customization Options

You can develop 3D environments, characters, and showcase a variety of digital assets that you can monetize on Decentraland—the possibilities are unlimited! You can roam around wherever you wish once you’re in the virtual environment, or utilize the map to transfer to a particular location.

Even from the ease of your own home, go to a virtual club, see NFT art displays, race in a driving game, or makeup ground with virtual pals. All of this will be done as avatars or digital representations of yourself. Your avatar assists people in recognizing you and assists you in keeping track of all of your pals.

You can now modify your character in a variety of ways to make it as distinctive as you are. Choose from a variety of face traits including eyes, grins, and facial hair, as well as the ideal outfit, skin tone, and hairstyles. You may also give your character a unique name to make it more personal. You can explore the virtual world once you’ve created the right character.

Attend a number of NFT Art Shows

NFT art shows and galleries abound in Decentraland. You can participate in live auctions at the exhibitions and buy NFTs from a variety of artists whether you are a collector or an NFT aficionado.

Art Week, a 10-day cultural celebration including exhibitions, concerts, events, launch events, and more, is held every year throughout the metaverse. The event’s second edition took place last month and included, among other things, exhibitions from prominent NFT Platforms, theatrical performances, and openings by famous artists.

Sotheby’s also opened its first digital gallery in Decentraland’s Voltaire Art District in July. The Natively Digital managed NFT auction, which showcased a variety of rare artworks, kicked off the digital copy of its London gallery. Sotheby’s foray into the metaverse demonstrates that NFTs and metaverses are the digital art’s future frontiers.

Games on Decentraland

In the metaverse, you can indeed play different types of games. Some games have a P2E (Play to Earn) system, which allows you to earn money through playing games. Ethermon, for example, is a P2E monster-catching RPG game. You can purchase Ethermon NFTs and compete with other players here.

For example, in WonderQuest, you buy a dragon egg NFT. Once the dragon has been hatched, you can use it to interact with other players in the virtual game environment, which includes several tasks and musical performances.

Tominoya Casino, a virtual betting house produced by Decentral Games, and the arcade racing game Battle Racers are two other options. Atari, the video gaming legend, also has a metaverse home. Many of the developer’s classic titles are available here.

Moreover, if you are a dev, you can use Decentraland’s Software Development Kit to develop games on your LAND.

What is the Economy of Decentraland?

Decentraland is administered by its users through the Decentraland DAO, a decentralized autonomous organization. MANA and LAND are the metaverse’s basic tokens. Let’s take a closer look:

What is MANA?

MANA is the cryptocurrency of Decentraland, and it has a limited quantity. It may be bought and exchanged on cryptocurrency exchanges like Binance and Huobi Global, or “arrayed” on DEXs like Uniswap and Sushiswap because it’s an ERC-20 token (fungible token). It could be used to shop for LAND, avatars, items, collectibles, games, and more in the metaverse.

In the meantime, you can seal your MANA in a WMANA agreement, resulting in wrapped MANA. This MANA will be “frozen,” which means you won’t be able to spend or transfer it.

What is LAND?

The metaverse explains, “Land is a non-fungible, transferable, finite digital asset maintained in an Ethereum smart contract.” Decentraland is composed of 90,601 LAND pieces measuring 16 × 16 meters. Each parcel is an NFT, and its location/coordinates in the virtual environment are used to identify it. It also has information about the person who owns it. Moreover, an Estate is made up of two or more contiguous parcels.

In addition, the color of each parcel differs. For example, the white and grey lines indicate highways that cannot be purchased. Furthermore, the 9 green spaces are Decentraland community-owned plazas, while the grey lands are those that are possessed but not for auction. The blue color lands, on the other hand, are for sale. Lands near the Genesis Plaza (the central plaza) or prominent neighborhoods are more pricey.

You can purchase parcels directly from Decentraland’s marketplace or NFT markets like Opensea. These have a hefty price tag. For eg, in June, 259 parcels were traded for $913,228. This is Decentraland’s most costly LAND for sale.

Decentraland DAO

Decentraland differs from other metaverses in that it is not governed by a single entity. However, the Decentraland DAO is controlled by the metaverse users who own MANA and LAND. This indicates that users have complete control over everything from land to commodities to administration.

Token holders can create and vote on metaverse proposed projects. They can also vote on new requirements, token arithmetic, and LAND auctions, among other things. You have the following electoral rights depending on the token you own:

Wrapped MANA: 1 voting power
LAND: 2000 voting power units
Estate: 2000 voting power units

Is Decentraland a Good Investment?

After learning the game it’s important to know if it is worth an investment. Let’s find that out.

Investing in MANA

Many people believe that MANA is an excellent investment, especially as Decentraland’s popularity grows. MANA’s price surged from $0.08 in January 2021 to $1.4 in March, as per CoinPedia. However, in April, it hit an all-time high of $1.63. MANA was trending at $0.85 at the moment, with a 24-hour trading activity of $217M.

MANA is expected to reach $2.2 by the end of 2021, according to CoinPedia, and $10 by the end of 2022, according to CoinQuora. “Reaching $10 is extremely ambitious in terms of pricing,” it said, “but it is undeniably doable in the near future.”

As per CoinPedia, MANA is more likely to reach $10 over the next five years than in a single year. That’s a prospective 1076.47 percent improvement in ROI for individuals who spend $0.85 on MANA currently.

MANA appears to have a bright future, based on recent advancements in the Decentraland ecosystem. Due to the volatility of altcoins, investors must exercise caution and conduct an extensive study before taking the plunge.

Profiting from the Online Features

There are several ways to gain money after you join Decentraland. Actual estate has been gaining traction in the virtual environment, just as it has in the real world. Because land is a limited resource, many people feel its value will rise over time.

You could use LAND to host apps such as games or gambling, advertise, or host gaming clubs, among other things. You can ask for entrance fees for every application you create. Otherwise, you can lease or trade the LAND to developers and content providers. You can also display and sell things such as digital artifacts.

Playing a variety of gambling games or P2E games is another option to make a lot of money. For instance, you can win $DG tokens in Decentral Games’ digital casino in a variety of ways, including affiliate incentives and governance awards.

Along with that, the metaverse is creating a lot of real-world job opportunities. For example, Tominoya Casino has recruited at least 20 part-time attendants as well as a manager.

FAQs

Who created Decentraland?

Argentinians Ari Meilich and Esteban Ordano.

Can we play Decentraland for free?

Yes, you can play Decentraland for free. But there are some games which charge an entrance fee.

Conclusion

In the midst of Covid 19, Decentraland provided a way for individuals to meet friends, visit exhibitions, buy art, dance at clubs, and much more, all without leaving their houses. The metaverse’s future also depends on increasing the number of individuals who visit and engage with it. The metaverse has developed greatly since its inception, with new features being introduced regularly. Furthermore, a slew of additional features are now in the works or will be soon. The metaverse faces some difficult challenges in the weeks and months ahead. Its growth will be determined by how well it rises to the challenge, how much it enhances its elements, and how it solves existing concerns.