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Welcome to Decentraland
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July 1, 2022

How to Make Money in Decentraland: Play to EARN, Invest, and More

Decentraland is more than just a game, it’s an entire world in the virtual universe. Much of its operations work like in the real world, which means there are plenty of opportunities to make money in the game. In fact, metaverse-related cryptocurrencies skyrocketed in late 2021 to early 2022. How do you get in on the action in a proven and safe way? Let’s find out.

The Best Ways to Earn Money in Decentraland

Welcome to Decentraland

There are many ways to make money in Decentraland, and there could be endless possibilities in the future. For now, these are the best and most popular ways for how to make money in Decentraland.

1. Buy or Sell LAND

Decentraland’s main form of NFT is land parcels (virtual land) that come in two major categories – LAND and ESTATE (multiple LAND). It makes sense that this is the first way to make good money in Decentraland. It doesn’t take much of a learning curve because buying and selling land parcels works similarly to real-life real estate.

You can purchase a land parcel either on the Decentraland in-built marketplace, or on a secondary marketplace such as OpenSea, but it’s easier to do it via the official Decentraland marketplace. You will need MANA (Decentraland’s in-game currency) to participate in the transactions. MANA tokens serve as currency in the game, and you can use it to purchase NFTs and collectibles on Decentraland. 

Since Decentraland only has a fixed number of land plots (90,601), it’s much easier to control the value of the land as more people join Decentraland. A good way to track the rise and fall of NFT value is with statistics. The best information about the price of non-fungible tokens (NFTs) to help you make the best purchasing decisions. 

If you manage to sell your land for more than what you bought, then land parcels in the virtual world is a great way to make money. Land located in better areas, such as around Crypto Valley and Vegas City, cost more than other locations. The cheapest piece of virtual land right now in Decentraland is around 4000 MANA, which is equal to around $15,000. 

Wanna find exciting new NFTs? Be sure to bookmark NFT Drops on your browser for more updates. 

2. Make Clothes and Wearables

Other than virtual land, you can create clothes or wearables, which are another form of NFT on Decentraland. People, or “avatars” can be customized in the virtual world. You can make them look like you or have any appearance you want, but you need to purchase wearable NFTs. Creating wearables is a great way to earn as well.

If you have the knowledge of 3D modeling, you can create art and unique pieces that can earn you a profit. You can outsource the work to other designers, but keep in mind that you will need to invest a hefty amount of MANA (500) per piece. However, you can sell your pieces for much more than that. Creating hype around your product with good marketing skills will ensure more business for you. 

3. Work Freelance

Another way for making money in Decentraland is to work for it — just like in reality. Do freelance work, which could include 3D modeling, making videos, coding and marketing. Decentraland has a Discord channel where you can join to look for job openings. You would be contributing to the virtual metaverse while making money at the same time! 

4. Be a Host in a Decentral Games Casino

Casinos are a major way to earn in Decentraland. You can build your own on your ESTATE (many land plots combined), but you need to earn DG tokens (Decentral Games tokens). You would basically be the host of the virtual casino. A casino host’s responsibilities include interacting with other players on the casino floor and managing the casino games.

Players can work at Decentraland casinos the way they would in real-life establishments, but using an avatar. Every transaction is in MANA tokens, and the value in Decentral Games casinos has skyrocketed recently.

Your rate would start at $200 per month, but your salary will increase as you gain more experience. Yes, it isn’t enough to replace your full-time job in the real world, but it is a nice way to earn some extra cash. Aside from overseeing the operation in Decentraland’s casinos, hosts will also have to monitor the Discord and Telegram groups. 

5. Play Games

Another way to earn money in Decentraland is to participate in play-to-earn games (gameplay mining). You can create (using Decentraland’s software development kit), design and play them, which can earn you points in the game to then use to win NFTs. You can then sell these digital assets to make more money. When you create games on your own plot, it increases the value of your land.  

When you play in casinos, you have the option of single and group tables. Playing at the multiplayer tables earn you more. 

6. How to Play Decentraland

In order to play Decentraland, you will need to set up an account with trusted third-party exchanges (Coinbase), have a hardware wallet to store MANA, and fund your account with ETH (to purchase MANA). Decentraland is built on the Ethereum blockchain, which makes it safe. It documents ownership of all its properties, which includes what’s built on them like the interactive systems (casinos and scenes).

After getting set up, your first step is to claim a unique username. After you have created your avatar, you can start to explore the metaverse world. When you’re familiar with the ins and outs of Decentraland, you can partake in quests, play games, start to earn, and buy and sell NFTs. 

7. Showcase Your Art

Do you own cool NFTs or want to showcase art pieces you have created? You can do so on your land in the form of art galleries. Players that come across something they like may offer to trade or buy your pieces.  

8. Organize Events

Joining in or creating casinos on the gaming platform is fun, but you can also branch out to host other types of events as well. For example, organizing a treasure hunt has proven to be very popular. You can charge whatever you like, let’s say $20 per ticket for a group of 10, which equals to $200. You can get back about 30% of that, and the rest of it would go to the winner.

These types of mini-games in the metaverse are a great way to earn you money without having to leave the confines of Decentraland or going to other virtual worlds.  

9. Request for Grants

A little known way to get you some extra points in the game is to apply for a grant. Decentraland is governed by a decentralized autonomous organization (DAO), which consists of members of the community. There is a minimum number of voters required to vote on your petition and you will need the majority to get your grant.

10. Buy and Hold MANA

One final way for how to make money in Decentraland is to use the native token: MANA. Token holders should look at it as an investment. As with other cryptocurrencies, the value of MANA could rise exponentially in the future, especially with more and more people getting in on the online gaming action. If you know when to sell, doing so at the right time could give you significant profits.

Can You Find Free Stuff in Decentraland?

You can get free NFTs by mining in the Decentraland gaming environment. When you play Wondermine Crafting, meteors will fall from the sky, which you can hack open with a pickaxe. It takes 5 Wonder tokens to mine one meteor. It can take a while but you get tokens that can be used to upgrade your pickaxe, get clothing, etc. 

Conclusion

It’s interesting how metaverse games offer so many methods to earn, something that is transforming the online gaming industry. Who knows what future expansions will bring to the in-game marketplace. Decentraland is governed by a DAO and is a community-driven endeavor, just like any other digital world, which makes playing games in the metaverse that much more engaging. 

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