Decentraland is highly relevant right now, says the Branded Book team!
Decentraland hits on NFTs, Ethereum tokens, and most importantly, a metaverse. The world is changing, and somehow this is a new reality. And with Meta Platforms as the recent official rebrand of Facebook, the idea of the metaverse has never been trendier. In and of itself, that isn’t reason enough to purchase Decentraland. But it is an excellent place to start in understanding Decentraland as an investment and a metaverse. The rebranding of Facebook into Meta Platforms on Oct. 28 served as a powerful signal that the metaverse is unlikely to be a fleeting phenomenon, says Alex Mamutin, who is adjusting his day-to-day operations in the Digital Marketing world. He is witnessing the necessity in NFT marketing and PR demands daily, week to week, and month to month basis with his company Branded Book.
Facebook is now known as Meta as it focuses on building the metaverse. The metaverse is a shared virtual environment that has existed in many forms. But with Facebook ditching its former name to become Meta, the idea has taken on new importance. Decentraland, an early metaverse, is garnering increased attention due to the change as well are lands like Sandbox and other experience-based build-outs. Its price moved with the news after months of stagnation. Decentraland prices jumped from 80 cents to over $4 on the Meta rebrand news. It has since given back some of those gains, falling to $2.60. And investors now want to know more about Decentraland and if it will continue to rise.
Compare the metaverse that exists in Decentraland to what Mark Zuckerberg showed in his Meta presentation, and you’ll likely conclude that Meta has a leg up. Meta wants you to believe that its metaverse will be the end-all, be-all. And most would agree that if Meta does build out a platform and metaverse approaching that in the video, it’d be nothing short of amazing. At the same time, if comparing trends and the actual real world, Meta can be considered like a New York City, but the world has room for Florida, New Jersey, and Los Angeles, say Meta Land consultants like Mamutin.
Decentraland is attractive and has merit on its own. And one of the most exciting aspects of Decentraland is its potential to make you money from land and NFTs.
Land and NFTs
Now that Decentraland is on the radars of more investors due to the Meta news, there will be renewed interest in digital land. In the metaverse of Decentraland, it is possible to buy parcels of digital land, develop them, and flip them for a tidy profit. There will be renewed interest in making money from selling land on Decentraland because there is precedent for that possibility. Even back in 2018, there were several reports of land investors experiencing returns of several hundred percent. One such investor, a chemical sourcing specialist from Saudi Arabia, noted: “I got involved in December 2017, it was right before it took off, I put in $60,000 and have been buying and selling LAND since then. At the moment, I currently own about 450 LANDs, which is worth over $350,000.” Another such investor who put in a more modest $2,000 investment saw it grow to multiple tens of thousands of dollars. There are indeed multiple other ways to make money from Decentraland real estate, but the point is that real money can be made. The land parcels are represented by their own NFT. Here too, Decentraland is attractive.
Limited Resource
The Decentraland metaverse encompasses 90,000 pieces of land or parcels. Each parcel is 16 square meters, roughly 50 feet by 50 feet. So land is a limited resource in Decentraland as it is in the real world. As in the real world, its value is derived from a multitude of factors. Build an NFT art gallery or any other creative endeavor in which MANA can be traded. And in March of 2021, each of those 90,000 parcels had a value of $5,800. There are vast possibilities. In my mind that makes Decentraland relevant and worth your time. Perhaps the value of MANA itself skyrockets, perhaps not. I see the real potential in simply building and flipping on the platform. It won’t shock me to find out that a young kid makes a ton of money from a metaverse like Decentraland by building and selling.
Be on the lookout for branded book social media pages and other associated pages for upcoming news, updates, and industry trends.
https://www.instagram.com/thebrandedbook/
https://www.instagram.com/branded.book/
https://twitter.com/Mamutin
https://www.linkedin.com/in/alex-mamutin-5196b473/
