Decentraland is a virtual community and world built on blockchain technology. Users can create and own their plots of land, artwork, and Non-Fungible Tokens. Decentraland gives its community the ability to participate in the project’s governance. The Ethereum blockchain holds Decentraland’s native cryptocurrency MANA and all in-game assets. Decentraland is more than a game. It is a role-playing metaverse, and it will soon be one of the fastest growing. The platform began in 2016 as a simple 2D experiment. It has grown to be a large, 3D world since then. With the advent of Metaverse, it has been easy to make money in the digital age, especially since you can become an investor or create your digital currency.
Here are 7 ways to make a lot of money online with passive income. So, let’s get started:
MANA: Holding or Buying
MANA, the official Decentraland token, can be used to purchase Parcels, Names, and Wearables. MANA, the currency of Decentraland, is what players can use for goods and to engage in activities such as ticket purchases and gambling. It can also be used to purchase cryptocurrency. It is an ERC20 token that is based on the Ethereum blockchain. As of writing this article, its value is approximately 2.4 USD. This is a sharp increase since October 2021.
MANA holders have the right to vote on certain issues in Decentraland. These include the approval of wearable NFT collection designs, changes in land parameters, and market fees. The approval of the catalyst nodes running Decentraland servers can be voted on by holders. Mana is not required to be earned by playing the game. You can buy it using any Ethereum compatible wallet. It works the same way as real money. You must spend money to purchase anything. The currency is required if you need to purchase a plot of land or other services in Decentraland. MANA tokens are used to exchange currency in Decentraland. It can be used to purchase items in the game. You also have the option to buy MANA tokens and keep them. As with all cryptocurrencies, their value may fluctuate over time.
Make and Sell Clothing
Decentraland allows you to design and sell clothing and other wearables. You can personalize your avatar to reflect your personality. There are many body parts that can have wearables added. You will need to be able to model 3D, but it is possible to outsource this to other designers. You will need to invest 500 MANA per piece to make wearables. You can market your designs well and create hype around them to guarantee more customers. Social platforms such as Reddit and Discord can be used to inform people about what you are selling.
Freelance
You can also offer your services to other players as a freelancer, just like in real life.
3D modelling, marketing, code, making videos, art and wearables are all possible job opportunities. It’s somewhat like hub work. There are many freelancers looking for work.
Real Estate (Land)
You can’t play a metaverse NFT without having a limited supply of land. One of the best ways to make money in Decentraland is by investing in LAND early on and then selling them at a profit when their value increases. When you purchase a land parcel, your ownership is stored and verified by the Ethereum blockchain. This works just like NFTs.
There are many ways to purchase or sell land parcels in Decentraland. The first one is available from the Decentraland Marketplace, while the second is available via third-party NFT using OpenSea. Real Estate has the best advantage of being able to increase its value. This was achieved by reducing the amount of land. The number of properties is approximately 90,000 and these won’t change. A key feature of this Estate is the ability to combine parcels of land from adjacent parcels into one. To increase the valves, you can build larger developments.
Play-to-Earn Games
This job is ideal for developers and coders who want to learn how to make money at Decentraland. You can create and design mini-games in the Decentraland virtual universe. These games can earn you points that can be used to win NFTs and wearables. These assets can then be sold for profit. You can develop a play-to-earn game inside Decentraland. The points you earn from these games can be used to win NFTs and other assets. These assets can then be sold to make money. It will take longer to earn points for assets, but it will be worth it if you have fun. Decentraland has many pay-to-earn opportunities, but you can also purchase land with MANA to create your own shops, games, and museums. Decentraland’s Software Development Kit allows developers to create games that increase the value of their land. Whac-a-mole is one of the most loved games.
Making Money from The Decentraland’s Virtual Country
We have already discussed the importance of land in the Decentraland’s ability to generate money, so let’s now explore various strategies that can increase the value of your property.
Creating Clubs
Individuals will pay you to listen to music DJs and conduct concerts using their Avatars.
Creating Casinos
Casinos can be built using Decentralised Games Tokens. Interacting with other gamers can help you earn cash. As a host at a virtual casino, you can earn a fixed salary and then get promoted after you have gained enough experience. The responsibilities of a casino host include interaction with players and managing games.
Art Galleries
This is similar to having an exhibition mounted on your property. You’ll then be able to display and exchange NFT artwork, such as Crypto Kitties or CryptoPunks.
Event Organizer
You might be interested in organizing events. For example, a treasure hunt would cost 20$. 200$ will be available for 10 participants. For example, you can get 30% back, which is 60$. Then, the winner of the treasure hunting treasure hunt will receive the remaining 140$. This is a way to create a mini-game and not have to leave the decentraland to pay for or receive the money.
Final Thoughts
You might now be well-informed about how to make money on Decentraland. We have discussed each opportunity to make money in the virtual world that is very similar to real life. If you work as a freelancer or for a company, you will receive a salary. To make a profit, you can also design games and clothes. There are many options, and there are always new ideas.
