DECENTRALAND is one of the most popular games in the metaverse right now and opportunities for making money in the virtual world are very similar to in real life.
You can work for a company and receive salary, work as a freelancer for other players, create art and clothing and sell them for a profit or buy and sell digital real estate.
How to make money in Decentraland?
1) Digital real estate
Investing in LAND and selling it for a profit when its value appreciates is one of the most common ways to make money in Decentraland.
LAND parcels are NFTs, meaning ownership is stored and verified on the Ethereum blockchain.
LAND can be purchased or traded at the official Decentraland Marketplace or on NFT exchanges such as OpenSea.
Decentraland has a fixed amount of 90,000 parcels of LAND, meaning users can expect their value to increase.
If you own parcels which are adjacent to each other, you can combine them into “Estates.”
This will allow you to create bigger developments and in turn their value will increase.
Users usually buy LAND as a long term investment, with the cheapest parcel currently selling for over $10,000.
2) Create and sell wearables
Users can customise their avatars with wearables in Decentraland.
Wearables are classified as clothing items, accessories, and body features.
Users are able to create designs for clothes and wearables and sell them on the secondary market for a profit.
For this you need 3D modelling experience, but you can always outsource it to other designers.
In order to sell wearables, you need to invest 500 MANA for each piece.
3) Freelance
You can freelance in Decentraland and offer your skills and services to other users.
Job opportunities include 3D modelling, marketing, coding, creating wearables, making videos and art.
In the Decentraland Discord, job postings are in the #hiring channel.
4) Play-to-Earn Games
Players can create play-to-earn games inside Decentraland.
In these games users can earn points and win NFTs or wearables.
These can then be sold for profit.
5) Buy and hold MANA
MANA is an Ethereum token that’s used as the in-game currency in Decentraland.
Players use MANA to purchase plots of LAND or in-world assets and services.