If you’re curious about how to purchase a plot of land in the Decentraland virtual universe, you’re part of a growing trend.
The Metaverse concept has gained significant traction recently, sparking interest in the cost and process of investing in this virtual reality realm. Here’s a comprehensive guide on acquiring land in Decentraland.
Decentraland is a virtual reality platform comprising 90,601 unique land parcels, operating on the Ethereum blockchain.
Transactions, including land purchases, are conducted using cryptocurrencies, primarily the native MANA coin.
How to Buy Land in Decentraland: A 10-Step Guide
The process of buying land in Decentraland is quite straightforward. Follow this step-by-step guide:
- Visit the official Decentraland Market site.
- Click the “Register” button located in the upper right corner.
- Register to become a member.
- Set up a Metamask wallet.
- Purchase Decentraland (MANA) Coin, essential for land acquisition.
- Browse the “Blue” colored parcels available for sale on the land map.
- Pay attention to parcels in busy areas, larger plots, and those near roads for potential higher value.
- Choose the parcel that suits your preferences.
- Complete the transaction using MANA Coins or other Metaverse Coins.
- Personalize your newly acquired land to reflect your style and vision.
Features of Decentraland Land
Land in Decentraland comes with a range of unique characteristics. Here are some key features:
- Purchases are made using MANA Coin.
- There are 90,601 individual LAND parcels available.
- Each LAND measures 16m x 16m, totaling 256 square meters.
- Specific coordinates are utilized to pinpoint locations within the Metaverse.
- Integration with MetaMask is supported.
- Users can place items on their Decentraland properties.
- It allows users to showcase their design talents on their plots.
Prominent Purchases in Decentraland
Recently, Metaverse Group, a subsidiary of Tokens.com, made a significant purchase in Decentraland, buying a plot for 618,000 MANA.
This transaction equates to about $2.43 million at current exchange rates, setting a new record for land sales prices on the virtual platform.
Decentraland Land Prices: Cost Variations
The cost of land in Decentraland varies based on location and parcel size. For instance, a plot near the plaza might be valued up to 275,000 MANA, while a corner parcel could be priced around 6,200 MANA.
Parcels over-the-road generally sell for about 1,000 MANA. Prime corner plots on the outskirts of the Decentraland map can fetch around 50,000 MANA.
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