- Decentraland operates on the Ethereum network, offering users the ability to acquire virtual land as NFTs and shape the shared digital reality.
- Users can purchase LAND by signing up on Decentraland’s marketplace, selecting a parcel, connecting their wallet, and confirming ownership through an NFT transaction.
It is very important to note that this is the digital world that operates on the Ethereum network. It is also the one that offers a unique ecosystem where users can very easily acquire LAND, or non-fungible tokens (NFT), by representing a part of the virtual map. In this Decentraland, all the users always play a very important role in running and shaping the particular shared virtual reality.
How Virtual Property Can Be Bought By People On Decentraland?
So, this is the most important section where people will understand that Decentraland is the one that offers a virtual world filled with possibilities and owning properties in the form of land, which is a key part of the experience.
People need to follow the below steps to buy a virtual property on Decentraland.
Step 1: Sign Up
So, people need to first sign up by visiting Decentraland’s marketplace and then create an account if needed. Later, when they have logged in, explore ‘Parcels and Estates’ and then click ‘View all’.
Step 2: Select a Parcel of LAND
So, after clicking on view all, people need to make sure that they explore the available parcels of land and then select the one that suits their preferences. They can also see its proximity to notable locations within Decentraland from the marketplace.
Then, people need to click on their selected virtual property so that they can learn more about its price in MANA, availability, and the current owner. If they want to buy, then they need to simply click ‘Buy’.
Step 3: Connect the Wallet
Here, people need to ensure that their wallet is linked to their Decentraland Marketplace account. Also, after a successful transaction, the land that they bought will automatically be transferred to the wallet as a non-fungible token (NFT).
Then, people can also download some popular ones like MetaMask or Trust Wallet if they still need a wallet. They also need to ensure that their wallet is the one that contains enough MANA or ETH to cover the purchase and some extra tokens to handle the gas cost.
Step 4: Confirm the Virtual LAND
Now, last but not least, when the overall transaction is complete, people can confirm their ownership of the land in their wallet. They can also find this information in the section named ‘Collectibles’ and ‘NFTs’ if they are the ones using Trust Wallet.
Also, each NFT in Decentraland is the one that represents a 16×16-meter piece of land and yes, the total number of land plots is always capped by 90,000 by creating a sense of scarcity.
Nowadays, if people talk of the average sale, then it is rated at 0.376 ETH. Also, most importantly, people need to make sure that when they buy land, they own it until they decide they particular list it for sale and all these tokens are also non-fungible.
Conclusion
So, it is very important to note that in the dynamic world of Decentraland, purchasing property is the one that offers not just a piece of virtual land but it is also a gateway to limitless possibilities. Similarly, making some informed decisions is very important when navigating the exciting virtual landscape.
