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Decentraland Game: What Is, How to Play and Earn Money

Genre


GameFi

Platform


 PC

Blockchain


 Ethereum

Crypto


Yes

NFT


Yes

GamePlay


Construction and creation of play and art objects



Reward 


A large number of different opportunities and rewards


Fun


Exploring the virtual world and an additional way of earning money

What is Decentraland?

What Is Decentraland?

Decentraland is a virtual world and community based on blockchain technology. Here, users create land plots and artworks.

As the name suggests, Decentraland, which is an acronym for 'decentralised land', is a fully immersive digital world, fully controlled by its community.

MANA, Decentraland's own cryptocurrency, and all in-game assets are on the Ethereum blockchain. Spaces in the virtual world, known as EARTH, can be sold, bought and mastered by users in exactly the same way as in the real world.

MANA

Without exception, all economic transactions in the game are made using the MANA token, the price of the token at the time of writing is hovering around $3.41 per token. This token has a capitalisation of $6,584,296,089.

Token capitalisation

We can create as many characters as we like and edit them as our imagination allows: you can make your own image from the outfits provided and change them over the course of the game as well.

If you're not satisfied with the free outfits during the game, you can purchase them.

Decentraland also features premium NFT wearables which can be purchased in pre-sale or on the secondary market using the MANA token. Wearables come in a variety of rarities, from the unusual to the mythical. The higher the rarity, the lower the coinage for that particular item.

NFT

How do I buy MANA? Read our detailed guide here.

Should You Pay Attention to This Game?

This project deserves more attention. It clearly hasn't reached its peak yet. Decentraland helps players earn and grow in the world of cryptocurrencies and NFT. But remember, the author of this article is not responsible for possible losses from third parties making investment decisions based on the information in this article.

Advantages and Disadvantages of Decentraland

Advantages

Disadvantages

  • Low entry threshold
  • User-friendly interface
  • Revenue Generation
  • Opportunity to buy new lands
  • Long development process
  • Commission on sales on the marketplace

How exactly I can make money in Decentraland?

In this game, according to most players, the process of playing is not important, the more important goal the player comes for is the economic component, i.e., earning money. We can earn income by selling MANA tokens as well as by selling NFT tokens which you will receive as the game progresses.
The token that this NFT project supports is LAND. It is a non-exchangeable token (NFT) used to determine the ownership of land representing digital real estate.

How exactly I can make money in Decentraland?

How to start playing?

Step 1 — Open your web browser and go to

https://play.decentraland.org/.

Step 1 — Open your web browser

In the game we can play as a guest and also try out the whole game, but to earn money we click on the left option.

Step 2 — Choosing a wallet to connect to

After clicking on the option we are given a choice of 3 options to connect our wallet to the game: MetaMask, Fortmatic and WalletConnect are provided. In this example we will use MetaMask. To find out how to create a MetaMask wallet, see the overview on our website.

Step 3 — Once the wallet is connected, you customise your character and dress him in the available free outfits.

Customise your character

Once the character is ready, we come up with a name for it. We can also subscribe to the Decentraland game's newsletter.

Character Name

Decentraland Gameplay

Overall, the gameplay is reminiscent of early virtual communities such as Habbo and Second Life. When you enter Decentraland, your avatar will appear in Genesis Plaza, which is a sort of 'hotel lobby' for players. Here you can check out the various events, games and popular locations in Decentraland. As new players tend to be the first to arrive here, it is also a great place to meet and network with many new faces.

Decentraland Team

Development of the project began in 2015, and in 2017 the team held a successful ICO, where it raised the $24 million needed to complete development in 35 seconds. At this stage, the project team included:

Ari Meilich — CEO, head of the Decentraland project. Previously, he worked on Streamium, a video streaming service, and Bitcore, a cryptocurrency.

Twitter

Esteban Ordano — Decentraland's CTO. He worked with Meilich on Streamium and Bitcore.

Linked In / Twitter

Project social media:

Whitepaper

The developers of Decentraland take a responsible approach to the creation and development of their product.

The Decentraland White Paper, written by Esteban Ordano, Ariel Meilich, Emel Jardí and Manuel Araos, presents the detailed philosophical motivations behind the project, as well as a thorough description of the technical and economic approaches to creating Decentraland.

You can read the document at this link.

Disclaimer

As in any type of investment, the reader is responsible for possible risks. The author of this article shall not be liable for possible losses from investment decisions made by third parties based on the information in this article. In preparing this article, information from public and official sources was used, the information is current at the time of this presentation, which is December 4, 2021. The author is not responsible for the accuracy of the information in the above sources.

FAQ

Is Decentraland a pyramid scheme?

Definitely not! This project is not a pyramid scheme. It has a very large fan base and a steady growth in tokens.

Can Decentraland be hacked?

No, the game is well protected against hacking. It meets modern security standards.

Is it legal to play Decentraland in the UK?

Yes, the game is available in all countries.

Conclusion

Decentraland is a virtual world powered by blockchain technology. In it, users communicate, build objects, play and create their own economies. In Decentraland, you can either play or just invest. I remind you that this article is not financial advice and is for informational purposes only.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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