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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

How Decentraland offers multiple ways for profit with digital real estate

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
Decentraland MANA Ethereum ETH

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After a 20.3% rise in the last 24 hours, 314.7% in a month, and 4336.6% in a year, it is undeniable that Decentraland (MANA) is in a bull-run with a high probability of prolonging. An extension of the NFT craze, this platform applies a similar approach, but to digital real estate.

Based on the Ethereum blockchain, Decentraland allows users to buy, trade, and build apps or digital parcels. Thereby, they acquire ownership of a digital space under the non-fungible ERC-721 standard, purchased with MANA, a token that uses the ERC-20 standard.

Prices per parcel in Decentraland have shown massive growth over the last year. Accelerated by the confluence of two factors – confinement due to the Covid-19 pandemic and the adoption of new generations – a virtual piece of land on the platform has tripled in price in less than 12 months.

To leverage the expansion in this sector, real estate firm Republic Real Estate will launch the “Realm” fund to convert plots on Decentraland and similar platforms into hotels, advertising spaces, and more. The head of this firm, Janine Yorio, compared current Decentraland investors to landowners in 18th century Manhattan. Yorio said:

There is massive growth ahead, and now is the time to get in on the ground floor (…). Real-world real estate is very uncertain now. Housing prices are at an all-time high. Meanwhile, offices are empty, hotels are empty. This feels insulated from a lot of those real-world risks.

How to make money with Decentraland?

On the various possibilities for investors to profit from these digital properties, Yorio explained in an interview that Decentraland could be part of a future billion-dollar industry. The Republic director added:

Companies are starting to advertise to them (users) where they are. Virtual Real estate is the way for those companies to buy the land, the pixels, the parcels, inside those games. Put ads up, put stores up, put communities inside there where they can market directly to customer.

In short, investors can profit by taking advantage of the increase in prices due to the demand for these digital properties, renting the parcels, or selling advertising space. Yorio added:

Land in Decentraland was selling for about 500 dollars a parcel in 2019, today those same parcels are trading for about 7,800 dollars. So, strictly from a capital appreciation standpoint we see a more than 10x return in under two years (…). There is really no end to the things you can do.

At the time of writing, MANA is trading at $1,06. In the 24-hour chart, the token is showing important gains with 20.6%, as mentioned above. MANA reached an inflection point when it reclaimed the $1,00 area, right after investment firm Grayscale launch their Trust based on this token.

Decentraland MANA Ethereum ETH
MANA with important gains all across the board. Source: MANAUSDT Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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