Decentraland Launches Their Land Marketplace

Decentraland has announced the launch of a website for people buying and selling LAND (what they call the 10m-by-10m parcels of virtual real estate in Genesis City, their first city). Here’s a recent Decentraland blogpost going into more detail on how it all works. Be warned, the website can take a while to load.

As I have written before, I am shocked at just how much money some people are asking for their LAND. I used the new Decentraland Marketplace website to find a piece of LAND for sale near the central square in Genesis City, for sale for 13,140,000 MANA (their cryptocurrency):

Decentraland Expensive Land 20 Mar 2018

According to this cryptocurrency converter, that works out to:

Decentraland Expensive Land 2 20 Mar 2018

And that’s not even the most expensive land for sale, according to a sorted listing of the most expensive LAND:

Decentraland Expensive Land 3 20 Mar 2018

Clearly, these people are not serious, and are probably only testing the boundary values of the system. This reminds me of the joker who placed this item up for sale in the Sansar Store:

Gold Box 20 Mar 2018.png

Still, it’s fascinating to watch the LAND auctions in Decentraland. Remember, Decentraland is a virtual world where the economy has been built first, before the actual world itself. This is pure speculation, with not a little greed thrown in for good measure.

You may wonder what the cheapest LAND parcel is selling for. It’s 8,500 MANA for one 10m-by-10m parcel of LAND, which works out to about US$740. This makes Second Life (a virtual world you can actually visit) seem like a bargain! It makes any other virtual world seem like a bargain.

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