Don’t worry if you just heard about metaverse and are now afraid to be missing out on this global trend. CryptoLife Report explains how to get into one of the most popular metaverses – Decentraland in a few simple steps.
The modern metaverse concept is often being criticized by some of the gaming legends. Nevertheless, the trend with “Web3 crypto gaming” is unstoppable now. We are entering a totally new era of the internet, to say the least.
A bunch of metaverse games has been launched for the last few years. Besides the simple idea and gameplay, these games have their own economy, long-term development plan, and community of course.
You may have heard about The Sandbox and Axie Infinity. But, beyond any doubt, the most advanced version of the metaverse now is Decentraland.
The token of Decentraland (MANA) is now #31 in the global crypto listing by market capitalization. Trading for $2,3 now, MANA reached its’ $5,5 peek in October 2021. And many analysts foresee its further growth.
So let’s figure out what Decentraland is and how to join this metaverse right now.
Decentraland is an Ethereum-based virtual gaming platform with users exploring and creating the made-up world.
Gamers can build digital real estate and artwork, engage in various online activities and trade digital assets on the inner marketplace.
All the items and virtual land in this game are NFTs. You can buy or sell NFTs using MANA or LAND tokens. So it’s a kind of social project where you can monetize your creativity while gaming .
For those who have a nose for good deals, Decentraland also can be a great financial platform. Think of it as literally like any other NFT-marketplaces.
This is possible thanks to The Decentraland Foundation, founded by Ariel Meilich and Esteban Ordano in 2015. In January 2020 Decentraland gave the public access to its’ virtual world and became the most prominent crypto metaverse.
The platform is managed by Autonomous Organization called Decentraland DAO. It owns the most important smart contracts and assets, including the LAND Contract, the Estates Contract, Wearables, Content Servers, and the Marketplace.
What you can do in the Metaverse
With the GameFi concept in its’ base, Decentraland gives you gaming and financial opportunities at the same time. You can explore the virtual world, talk to other users, join interactive games and create NFTs.
For the NFTs, you have the browser editor The Builder. Here you can find all the instruments for creating 3D objects and enduring them into the virtual world.
With Decentraland SDK you can create interactive scenes and models and publish them on your LAND.
In addition, Decentraland has different events, exhibitions, pieces of training, seminars, etc.
How big is the Metaverse
The virtual world of Decentraland includes 92 598 sites, each of them standing for the LAND tokens.
Each site has 256 square meters, and their owners can decide what content to post there.
The Metaverse itself is divided into thematic areas for uniting like-minded users in different districts. So now
Decentraland has a few biggest districts:
- Aetheria, the largest district in the metaverse with 8000 sites, united with real estate and cyberpunk thematic;
- Vegas city, the 6000 sites district, focused on gambling, casinos, nightclubs, and shops;
- Dragon City, which combines western and eastern cultures with their architectural styles;
- Fashion street, the district with famous brands’ shops, where you can buy digital items.
Each district has its own rules and development plans. For instance, restrictions on building on your own territory, similar styles objects, and others. District users can vote for the changes and get profit through DAO.
What should you know about Decentraland tokenomics
There are 2.19 billion MANA tokens available now. This asset allows you to buy land, game items, services, build buildings and also manage the platform.
LAND is the non-fungible token, which represents your location in the metaverse. Those who own the one LAND NFT can manage the territory with the respective coordinates.
Earlier users could buy the LAND NFT for MANA.
How to get in Decentraland
For joining the metaverse you should have your crypto wallets (MetaMask Wallet, for choice) and at least 100 MANA coins in it.
This asset will help you to claim a name and create your avatar. MANA is easily traded on most of the crypto exchanges, so you won’t have a problem buying it.
However, you can create your avatar without claiming a name, or claim it later.
When you create an avatar with the Decentraland wallet – you will get a passport for your digital identity in the Decentraland ecosystem.
After this, you can start exploring the metaverse and co-creating it with other users.
Sources: Decentraland Docs, Itsblockchain, Ryan Shultz, Forklog