Decentraland is a 3D virtual environment that its users own. While the non-profit Decentraland Foundation guides the game’s development, the final decision is made by those who own land in the game. MANA, Decentraland’s native currency, can be used to buy and sell land NFTs. Once a player owns a plot of land, they can begin constructing houses, pubs, gardens, parks, and whatever else they can think of.
Following Facebook’s rebranding to Meta in October 2021, the value and popularity of Metaverse games such as Decentraland and The Sandbox have skyrocketed. Investors and consumers alike are hoping that these Metaverse-centric games will become titans in Web3, the future iteration of the Internet in which individuals will be able to own their online presence through decentralised blockchain technologies.
Not to be left behind, scores of brands and companies have flocked to Decentraland, purchasing land in prime places to expand their Metaverse presence. JPMorgan has launched a premium lounge in MetaJuku Mall, beside cryptocurrency exchanges Kraken and Binance. Buildings have been erected across the United States, and Miller Lite has even created its own dive bar. What can gamers do in Decentraland besides soaking up all the brand commercials or hanging out with their buddies dressed as polar bears?
Exploring
The Decentraland map is made up of 90,601 virtual land pieces. Each is 1616 metres square. In this virtual world, there are already thirty-nine recognised districts, with Aetheria, also known as the Cyberpunk district, being the largest, with 8,008 pieces of LAND. Vegas City and Dragon City come in second and third in terms of size, with 6,776 and 6,485 LAND parcels, respectively. Each district in this metaverse has its own theme and vibe. There’s one for yoga devotees and another for fashionistas. There’s something here for everyone.
Concerts to attend
Yes, metaverse concerts exist. Not only that, but virtual jam sessions are becoming increasingly popular, with artists such as Ariana Grande, Travis Scott, Marshmello, and Justin Bieber all hosting them. Some businesses have even engaged well-known DJs to perform at the launch of their Decentraland locations. As a result, expect this trend to continue in the next years.
Real-estate investor
As previously said, this metaverse has a lot of LAND. The term LAND is capitalised because it is a one-of-a-kind digital asset, an NFT traded on Decentraland’s primary and secondary marketplaces. Identical to genuine pieces of land, users can purchase them in poor areas and then boost the price of their chunks to profit when the surrounding districts begin to prosper. According to a Brandessence market study, the metaverse real estate industry would rise at a 31.2 per cent annual pace through 2028.
Casino
Since almost any business may be run in Decentraland, it should come as no surprise that there are multiple casinos in this virtual shared space that offer token-based gaming on classic and new casino items. The Tominoy casino is one such location.
Socialise
Consider Decentraland to be a more sophisticated version of Second Life. Like life, it is an open-world game with no clear gaming aim. Many people find the interaction opportunities in this metaverse to be very appealing. There are hundreds of entertainment and hospitality venues on the Decentraland map, ranging from nightclubs to bars. Even a museum area where users may view NFT art and speak with like-minded people about whatever they like.
Mini-golf
Everyone is welcome to visit GolfCraft Island and have some mini-golf fun. They can begin by playing a free training mini-game to acquire experience before competing for other rewards. Fashion shows and concert tickets are examples of such prizes.
