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• Getting started

Getting started

• What Are Virtual Blockchain Worlds?

  Virtual Blockchain Worlds, or VBWs for short, are social platforms composed of land parcels that anyone can own, from players to investors to companies. Landowners within these virtual worlds can monetise and build anything they wish on their land. Most often, users use their lands to create enjoyable experiences for themselves and others to visit. Art Galleries, Museums, Games, Casinos, Online Stores, Conference Centres, and more are already built in Virtual Blockchain Worlds. Users can also generate passive income by renting their lands to others, much like in the real world. What makes Virtual Blockchain Worlds different...

• What Are The Most Popular Virtual Worlds?

  Decentraland Decentraland is the largest and possibly the most popular Virtual Blockchain World that exists today. Overseen by the nonprofit Decentraland Foundation, this three-dimensional (3D) metaverse is powered by the Ethereum blockchain. As the name suggests, it's a decentralised virtual world, so instead of running on a central server, every content within the world is hosted on nodes running on various computers worldwide. Thus, the virtual world cannot be shut down and will exist on the blockchain forever. There are 90,601 individual plots of lands on Decentraland, which include 22,886 district land, 43,689 private land parcels, 9,438 roads, and 3,558...

• What is Virtual Land?

  Virtual land is intangible land that exists in a virtual world — the Metaverse. Like physical land in the real world, virtual land is sold as plots of land that anyone can buy using the currency of the specific Metaverse. Since virtual land has established itself as a legitimate asset class, its value has increased rapidly. Similar to real-world real estate, it has the potential to be a viable financial asset. In the past couple of years, virtual lands in various Metaverses have been selling for hundreds of thousands of dollars. Each plot of virtual land in virtual blockchain worlds is usually represented as a non-fungible token (NFT). NFTs are digital tokens representing tr...

• What Are The Roles Of Cryptocurrencies & NFTs In Virtual Worlds?

  It's common for virtual blockchain worlds to use their own cryptocurrency instead of the USD$ or any other fiat currency for in-game transactions. There are many reasons behind this. Cryptocurrency is a digital version of money in virtual worlds. Since cryptocurrencies use blockchain technology, they are designed to build trust and ensure security. Cryptocurrencies, just like physical money or fiat currencies, are "fungible." This means that they can be exchanged or traded for one another. Their value is also equal — for example, one MANA (

• What Can You Build On Virtual Land?

  Just like real lands in the real world, owners of virtual land can build whatever they want on top of their lands. The possibilities are endless, with your imagination being the only limit. Build a business - If you want to get profit from your land, you have the chance to turn your virtual land into a business. For example, you can open a casino, gaming centre, nightclub, bar, or online store. You can hire employees and run a very profitable business, much like in the real world. Games - Developing a game can be a lucrative opportunity to earn income from your virtual land. If you don't have any experience in developing a game, you can always rent your land to game developers for t...

• How To Make Money On Virtual Land?

  Owning land in virtual blockchain worlds gives you many opportunities to earn some lucrative income. Since virtual lands are often sold as a blank space, you have the chance to build and monetise your land however you want. Let's take a look at some of the potential ways to make money on your virtual land: Rent out your land Landowners have the opportunity to rent their land out to others, such as to game designers, artists, or development studios who can't afford to buy virtual land or missed their chance to buy one in the initial sales. Land in virtual blockchain worlds is a scarce asset, particularly lands in 'strategic' locatio...

• How To Generate Passive Income On Your Virtual Land?

  There are many ways you can generate passive income on your virtual land. Some of the most common ways are as follows: Design games or unique experiences If you are a game developer, you can use your virtual land to create games and earn money from them. The more popular your games are, the higher your income will be. Rent out your land One of the easiest ways to earn passive income is to rent out your land. You can rent out your land to game developers, companies, artists, or other users, so they can do their business, and you get monthly rent in turn. You can build an art gallery and rent it out to NFT artists who want to hold an exhibition or showcase their NFT arts. You can also create an event...