DotBig guide: invest in Decentraland
Decentraland is a decentralized virtual reality platform developed on the basis of the Ethereum blockchain. Today, we call the concept a metaverse, in which players hold and make real money on their crypto assets. Users of the platform can use their funds to buy things, develop their own projects based on crypto technologies, or simply enjoy affordable gaming. The native coin is called MANA. If you are going to enter Decentraland, this payment method is necessary to execute the internal operations.
Decentraland is, in fact, one of the fastest-growing platforms of this concept. It’s constantly evolving, adding new services and products, improving the quality of offers and games, and implementing new communication methods. Now, you can even make regular money with it. Wondering how is it possible? Keep reading to find out the explanation.
Why spend money on the platform
Surprisingly, the range of ways of earning cash in the metaverse is very similar to the methods with which we can make cash in real life. Here are the common ones:
- Investing in digital property. The Decentraland’s map is split up into 90,000 LANDs, on which participants build their dwellings and develop them. Buying LANDs is similar to investing money in real estate.
- Clothes designing. If you have experience in 3D designing, you can earn money by selling digital clothes created in Decentraland. The concept has something similar to NFT, which is developed and later sold on third-party platforms.
- Freelancing. Freelancers can look for vacancies. Participants of the metaverse search for experts of different specializations and qualifications, including designers, marketers, artists, and developers. Decentraland even organizes training courses for freelance workers.
- Gaming. Decentraland provides the possibility to play various online games inside the game. In such games, players are often rewarded with NFTs or MANA coins. If you are keen on developing, you can even create an original game inside the platform.
If you feel confident about your skills in working in the digital world, you’re welcome!
How to invest
If you think that Decentraland will grow, develop, and generate more revenue, invest in this project. To do this, buy its native token called MANA. The cryptocurrency is listed on the majority of respected crypto exchanges, including Binance, eToro, Coinbase, and more. To buy, complete the following steps:
- Choose the crypto exchange, on which you are willing to buy the coin. Each platform has its own requirements and conditions. Also, pay attention to the regulations of the company and its security measures.
- Create an account. A crypto exchange will also require you to verify the account by providing the necessary ID information.
- Fund your account. Every crypto exchange requires a specific minimum deposit to activate the account.
- Find the token. The Decentraland coin’s symbol is MANA.
- Buy the cryptocurrency.
According to Binance, the price of the Decentraland token is $1.027 as of May 25. This might be considered a low entry-level for long-term holding.
Metaverse is a great chance to start making money online. All you need is to follow the latest updates, invest a starting capital, and work hard to make your assets inside the game more valuable.