How To Buy Land In The Decentraland Metaverse?

The metaverse has been gaining quite the attention in the last few months. With many high-profile celebrities joining in on the wagon, metaverse platforms are now more fascinating to the public. In fact, people are so fascinated with its concept that someone willingly bought a $450,000 Sandbox land parcel to become Snoopdog’s virtual neighbor. That being said, we’ve previously created a step-by-step guide on purchasing land in the Sandbox metaverse. However, this article will solely focus on how to buy land in the Decentraland metaverse.

What Is The Decentraland Metaverse?

Decentraland is among the several metaverse platforms that are on the high rise. And it was developed under the pretense of creating an enjoyable monetized gaming experience. The Decentraland metaverse is based on the Ethereum blockchain making it a user-owned application. Subsequently, users are free to create the content they desire without the need for third-party authorization. The metaverse differs from other gaming applications in its representation of the real world. Where users can earn monetary benefits from investing in in-game assets. With Decentraland, specifically, real economic value is created through its native crypto token MANA.

You can enjoy the Decentraland experience without the purchase of land. However, buying land will ultimately flip your whole journey. With land parcels, you can build your own virtual reality environment with your own marketplaces and applications where you can earn potential ROI.

How To Buy Land In Decentraland?

Many think that the metaverse is reserved for those who are tech-savvy. But if Paris Hilton can do it, then so can you! In fact, buying land in Decentraland is simpler than you think. All it takes is for you to follow the steps I mention below:

  1. Create An Account on The Decentraland Marketplace
  2. Buy MANA tokens
  3. Select LAND parcel
  4. Confirm purchase

Step 1: Create An Account on The Decentraland Marketplace

To buy land in the Decentraland metaverse, we first have to sign in to the marketplace. Therefore, head to the Decentraland Marketplace on your desktop browser. And click on the “Sign in” button at the top-right corner.

buy land in Decentraland metaverse
Decentraland Marketplace

Creating an account will require you to connect a crypto wallet first.

buy land in Decentraland metaverse
Decentraland Marketplace

Choose one of the following crypto wallets to connect to the platform in order to store your digital assets. I’ll use Metamask since it’s the most widely used Ethereum-based crypto wallet.

buy land in Decentraland metaverse
Decentraland Marketplace

Finally, connect your crypto wallet to the Decentraland metaverse.

buy land in Decentraland metaverse
Connect Crypto Wallet

Step 2: Buy MANA Tokens

Once you’ve successfully created an account on the Decentraland marketplace, you will need to buy MANA tokens. MANA is Decentraland’s native cryptocurrency. It’s used to bring real economic value to the metaverse’s in-game assets. So for this step, we will head to a crypto exchange platform of our choosing. You can use one of the top 5 crypto exchanges to conduct this transaction. Although, you have to be aware that it needs to support the MANA token.

How To Buy MANA On A Crypto Exchange?

First, sign up for the crypto exchange platform of your preference. It’s recommended that you choose the platform per its fees, security, and complexity. Once your account is set up, select the method you wish to fund your account with and the favored fiat currency. You can choose to add funds through credit/debit deposits, wire transfers, bank deposits, and more, depending on the platform. However, be aware that most crypto exchanges have different transaction fees relative to the payment method.

Second, most crypto exchange platforms won’t allow you to instantly buy MANA. Therefore, we first have to purchase ETH, BTC, or USDT. Afterward, search for the MANA token on the navigation bar and select the trading pair relative to the cryptocurrency you just bought. Third, enter the amount of MANA tokens you’d like to trade and confirm the purchase. Once the purchase is complete, you will have to transfer your MANA tokens to the wallet connected to the Decentraland marketplace.

How To Buy MANA on The Decentraland Marketplace?

An easier way to buy the MANA token is directly through the Decentraland Marketplace. So, click on your profile at the top left corner of the Decentraland homepage and select “Account.”

how to buy Decentraland MANA
Decentraland Marketplace

Then, choose whether to buy MANA through the Ethereum or Polygon blockchain.

how to buy MANA token
Decentraland Marketplace

Afterward, select the preferred fiat currency and the amount you want to be funded into your account. Then choose one of the payment methods available and click on the “Buy Now” button.

how to buy MANA token
Buy MANA

You will then see the fees associated with the transaction.

how to buy MANA token
Buy MANA

Finally, click on the “Buy MANA” button to verify the transaction by entering some of your personal details.

Step 3: Select A LAND Parcel

Once you’ve purchased your MANA tokens, you can finally buy land in the Decentraland metaverse. So, head back to the Decentraland marketplace and click on the “Start Browsing” button.

buy land in Decentraland
Decetraland Marketplace

Click on “Land” at the top-left corner, and you’ll see an overview of the Decentraland map.

how to buy land in Decentraland
Decentraland Marketplace

You can select a land parcel from here, or an easier way to do it is by switching to the grid option.

how to buy land in Decentraland
Decentraland Map

The grid option allows you to easily browse land parcels available for sale on Decentraland.

how to buy land in Decentraland
Decentraland LAND

You can find details about a listing’s location by clicking on the land parcel. If the land interests you, click on “Buy” to purchase it.

how to buy land in Decentraland
Decentraland LAND

Step 4: Confirm Purchase

Once you click on buy, you will need to verify your transaction. This process usually takes a few minutes to complete. Afterward, the LAND token will be stored in your crypto wallet as an NFT. You can also view your land NFT on OpenSea by connecting your wallet to the platform.

Conclusion

The Decentraland metaverse, among others, has changed the blockchain scene entirely. Not only can gamers earn back for investing in blockchain technology, but it also adds a fun twist to it. Nonetheless, investing in any kind of asset requires well-done research in advance. Therefore, ensure you have the proper funds and knowledge before investing in the crypto world.

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