Data Sources:
Data Sources:Decentraland Dashboard
On November 23, singer JJ Lin announced on Twitter that he had purchased three virtual plots on the Metaverse platform Decentraland. For a while, attention-grabbing publicity such as Come to Metaverse to buy a house and be a neighbor with JJ Lin, Sell land around JJ Lin at a low price and other eye-catching publicity appeared from time to time, which made it very popular to buy houses in Metaverse, and even the profession of Metaverse Scalper appeared .
What is Decentraland? What happened to buying a house in the Metaverse? Is it so easy to be a neighbor with JJ Lin? With doubts, the author started the experience of buying a house in Metaverse.
Introduction to Decentraland
Decentraland is a decentralized virtual world platform based on blockchain technology. Integrated on Ethereum. Players can create their own content on the platform, such as their own plot models. It is also possible to buy plots or sell your own. You can also experience the metaverse world without any cost (login in tourist mode), socially interact with others, say hi, etc.
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Footprint Analytics: Number of Users of Decentraland
Decentralands native governance token is MANA, an ERC-20 token. It is used for the purchase of land plot LAND and character wearable accessories NFT on the platform, holding MANA can also join the community.
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Footprint Analytics: MANA Trading Volume & Price
The First Experience of Buying a House in Metaverse
After understanding what Decentraland is, the author started the exploration journey of buying land and building houses in Decentraland with a little ETH.
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Decentraland login screen
Go out of Genesis City and come to the Trade Center (Trade Center), you can see the real-time price of Decentralands platform token MANA, as well as the prices of BTC and ETH. From the Trade Center, you can send it to the Marketplace, or you can press the M key to load the map and then send it. In the Marketplace, you can trade land LAND, decorations (NFT) and titles (Name) worn by characters.
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Decentraland parcel LAND is in the price interface
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Decentraland Character Wearable Accessories Hater Blockers Cucumber and Alpha Wolf Headgear Price Interface
The currently lowest priced character wearable NFT is two slices of cucumber named Hater Blockers, priced at 0.69 ETH, about $2,800; the highest price is Alpha Wolf’s headgear, priced at 2,500 ETH, about $2,800. $10,000.
The title Name can be registered in the mall. At present, titles such as Twitter, Facebook, and Mark Zuckerberg have all been registered, and the listed price is not low, among which the listed price of Twitter has reached 1 million MANA. The holder is Gangster, and if Twitter officials want to use this title, they need to pay $3.24 million.
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Decentraland title Namne Quadrillionaires live screen
After visiting the Decentraland mall, enter the land plot LAND view, find the corresponding plot through the three plot information published by JJ Lin on Twitter, and try to buy a small piece of land nearby. When it was confirmed that the price of the surrounding plots for sale was as high as 30,000 MANA, which is about 100,000 U.S. dollars, the author gave up completely. I was convinced that I couldn’t afford a house in the real world, but I still couldn’t afford a house in the metaverse. .
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JJ Lins plot details page at (20,-127) in Decentraland
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JJ Lins properties at (20,-127) and (21,-127) in Decentraland
After experiencing the blows of not being able to afford land and not being a neighbor, the author wandered around the metaverse world of Decetraland and found that most of the individual players bought land and then built houses, and hung some of their NFT collections as decorations at home , buy some wearable decorations to create your own digital avatar in the Metaverse world. Occasionally participate in the game to get MANA, and there is no other high value-added gameplay other than this.
Enterprise-type players build their own corporate/institution/group offices after buying land, as a reflection in the metaverse. There are also some investment-type corporate players who develop business places such as game halls and bars, hold some activities regularly, and invite individual players to participate in order to earn MANA.
Thoughts on buying a house in Metaverse
Looking at the current platforms for buying land and houses in Metaverse, whether it is Decentraland or Sandbox, the gameplay is similar. From the perspective of peeling off the layers of mechanism, the actual essence is not much different from playing games to earn rewards. Why can it cause an upsurge?
The author believes that it is mainly the result of the metaverse concept and the blessing of blockchain technology, as well as a little speculation. The development of the Metaverse is inevitable, and the application of blockchain technology is also an established fact, but buying a house in the Metaverse still needs to be considered. Is real estate flipping and buying a house necessary for the realization of the Metaverse? Are there other options? This is a question worth pondering, and one that will take time to answer.
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The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
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About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy a zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
