Decentraland is a virtual 3D open world and creative platform powered by the Ethereum blockchain. The land, which is still in its early stages of development, isn’t just for leisurely exploration or playing around with your avatar. Developers are building out games that range from poker to tabletop role-playing adventures on top of the sandbox realm.
Second life is a virtual world where users can create and share content. The platform has been around since 2003, and it’s still going strong today. In this article, I will teach you how to become a pop star’s neighbor in Decentraland. Read more in detail here: second life.
JJ Lin, one of Asia’s most prominent singers, stated on Twitter on Nov. 23 that he had purchased three virtual pieces of property on Decentraland.
Promotions offering to sell plots next to Lin appeared on Sina’s website almost immediately.
“Affordably purchase a block of property near JJ Lin!” Lin’s tweet received a response in the form of a remark.
Furthermore, the price of a block of land in Honnverse was estimated to be at $10,000, with the price growing 1000 times.
How I went about looking for property on Decentraland
Decentraland is a blockchain-based decentralized virtual world platform where users may purchase land plots, construct houses on them, and design their own games inside their regions.
New Users’ Footprint Analysis
Decentraland has averaged roughly 90 new users each day since November, according to Footprint Analytics, with the previous high of 210 new users on 14 March.
After Facebook said it will rename itself as Meta in October, Decentraland’s token, MANA, soared 350 percent—one of the greatest rises in crypto this year.
MANA Trading Volume & Price Footprint Analytics
I was interested to see what the hubbub was all about.
Could Decentraland really be the internet’s next frontier? What is the best way to own a piece of the gold rush?
I went out to discover the truth.
You may either play as a “Guest” or a “User” upon logging in, depending on whether you wish to keep your avatar and account for subsequent use or just have a one-time experience.
NOTE: You must link your wallet in order to play as a user. Decentraland, on the other hand, will never require you to submit your seed word, as some fake websites now do.
After logging in (as a visitor or a user), you must create an avatar and then descend into Genesis Plaza, which serves as a tutorial and access point to this universe.
Login Interface for Decentraland
Players may check live MANA, BTC, and ETH values after descending to the Trade Center.
You may teleport to the Marketplace or other regions of the map from the Trade Center. You may exchange land, NFTs, and avatar names in the Marketplace.
Prices for lots vary from 5,000-6,000 MANA for a single, isolated lot on the outskirts of the globe to hundreds of thousands of MANA for a single, isolated lot on the outskirts of the world. On December 20, 2021, the highest price ever paid for a lot was 618,000 MANA, or nearly $2.4 million.
A single little lot, for example, takes the avatar just a few seconds to cross—pretty it’s small.
Scarcity is used to classify wearable NFTs for figures. Based on their supply, there are seven grades.
- 100,000 is a common number.
- 10,000 is an uncommon number.
- 5,000 are quite rare.
- 1,000 epric
- Exceptional: 100
- 10 Mythic
- Only one item is available.
Hater Blockers and Alpha Wolf Headgear Price Interface for Decentraland Wearable NFT
The cheapest wearable NFT is a two-piece cucumber called Hater Blockers, which costs 0.69 ETH (about $2,800 at the time of writing). The Alpha Wolf Headgear is the most expensive, costing 2,500 ETH ($10,000).
Choosing a name
“Twitter,” “Facebook,” and “MarkZuckerberg” have already been registered and are for sale at a premium. “Twitter,” which is possessed by Gangster, is already for sale for 1 million MANAs. It will cost $3.24 million if Twitter decides to utilize the name officially.
The cheapest name is Web3Portal, which costs 50 MANA. Quadrillionaire has the highest price, at 9,999,999 MANA (about US$32.4 million).
Wearable NFT Decentraland: Web3 Portal and Quadrillionaire
JJ Lin’s area is where I discovered real estate.
Users go to the Land area of the Builder website to seek for a specific piece of land.
I discovered the three plots JJ Lin acquired using information disclosed on Twitter—namely, the plot number information.
I decided to check out the local costs.
Surprisingly, lots cost roughly 25,000 MANA, or around $81,000 USD.
I walked away (or, rather, my avatar walked away), accepting the truth that I could not buy land in either the actual world or the metaverse.
Despite this, I decided to investigate JJ Lin’s story.
JJ Lin’s plot information page in Decentraland (20,-127)
JJ has his huge NFT collection on show, as well as some Mario photos. His next-door neighbor has three walls of NFTs. Clearly, I’m not cut out to live next door to JJ Lin.
Estate of JJ Lin in Decentraland (20,-127) and (21,-127)
After that, I went for a walk around Decetraland.
Individual gamers often purchase land, construct a building on it, adorn their residences with NFT collections, or purchase wearable decorations in order to establish their own digital persona in the metaverse.
There aren’t many ways to spend the time in Decentraland except playing games to acquire MANA.
As a mark of their engagement in the metaverse, business participants might purchase property and construct their own corporate, institutional, or group offices. Others who wish to invest create companies such as gaming halls and pubs, as well as conduct regular tournaments where individual players may win MANA.
Some ideas about purchasing Metaverse real estate
When you look at the key platforms in the metaverse that allow you to control land, such as Decentraland, Sandbox, and others, the gameplay appears like a pretty simple online RPG.
So, what’s the deal with this craze?
In today’s context, the metaverse and speculation are inextricably linked. While the present use cases aren’t very compelling, the prospect of what the metaverse can become in the future has pushed its assets to new heights.
Land is incredibly pricey to someone who believes the metaverse will be nothing more than another online game. However, if the metaverse does become the internet of the future, with billions of users, current costs are a drop in the bucket compared to what they may be.
Despite the expensive cost of land, names, and wearables, there is a significant benefit: anybody may log in and explore Decentraland for free, making their own forecasts.
Footprint Analytics is the source of this report.
What does it mean to have a footprint?
Footprint Analytics is a one-stop shop for analyzing blockchain data and uncovering insights. It cleans and combines on-chain data so that users of any skill level may begin exploring tokens, projects, and protocols right away. Anyone may create their own personalized charts in minutes using over a thousand dashboard templates and a drag-and-drop interface. With Footprint, you can discover blockchain data and invest more wisely.
Posted in: Metaverse, Analysis
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