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How to Get Started in the Metaverse (Decentraland) Before the Next Bull-Run

Updated: Jan 23

Welcome to the frontier of digital real estate, where the virtual land rush is on, and the currency is as cryptic as the lingo. If you're a business in the gaming and entertainment industry, it's time to strap on your VR goggles and take a leap into the Metaverse—specifically, Decentraland. Before the next bull-run charges through the market, here's your light-hearted guide to setting up shop in the virtual world where pixels are prime property, and the opportunities are as vast as the universe itself.

Step 1: Understand the Virtual Terrain

Digital astronaut floating in Decentraland

Before you can set up shop in the Metaverse, you need to know what you're dealing with. Decentraland is a decentralized virtual reality platform powered by the Polygon blockchain. Here, users can create, experience, and monetize content and applications. Think of it as the lovechild of Minecraft and Wall Street.

Polygon blockchain logo

Step 2: Acquire Some Digital Dough

You can't buy virtual land without cryptocurrency. In Decentraland, that means owning Ether (ETH). Set up a digital wallet, buy some ETH, and get ready to invest. Remember, timing is everything, so watch the market trends!

Here's how to get your finances ready for the Metaverse:

1. Set Up a Digital Wallet

Choose a wallet that supports Ethereum and Polygon, ensuring it's compatible with Decentraland. Metamask or Trust Wallet is a popular choice, but there are others, so pick one that suits your security needs and ease of use.

2. Purchase Ethereum (ETH)

You can buy ETH from various cryptocurrency exchanges. Do your research, find a reputable exchanges, and make your purchase. Remember, the value of cryptocurrencies can fluctuate wildly, so it's wise to keep an eye on the market.

3. Bridge to Polygon

Once you have ETH, you'll need to bridge it to the Polygon network to enjoy those sweet, sweet low transaction costs. Use a trusted bridge service like Polygon Bridge, and voilà, you're ready to transact on Polygon.

4. Convert to MANA (If Necessary)

Decentraland's native currency is MANA, which you can use to buy land and pay for goods and services within Decentraland. You might need to swap some of your ETH for MANA through a crypto exchange or directly within your wallet if it supports such a feature.

Screenshot of uniswap app