How To Buy and Sell On Decentraland Marketplace?

Do you know a huge fortune can be earned by buying and selling? Well, it’s not just true about the real world but it’s true for the next generation of play to earn games as well. And, surprisingly, Decentraland in Metaverse is such a place. But, how to trade there? How to sell? How to buy it? If you are curious to know about it, then stick with this post to the end as this post is all about how to buy and sell on Decentraland Marketplace. 

Decentraland is not just a 3D gaming platform in Metaverse. Yes, it’s much more than that. It has become the point of interest for businessmen, artists, and creators. Defined as a virtual platform and actuated by Ethereum blockchain, Decentraland allows its users to develop, experience, and earn as per their will. Because of this, Decentraland is regarded as the next generation social network and Metaverse is the future of the internet.

Well, that’s true too!

Now, if you are interested in the future of technology and you want to earn from these next-generation platforms, then you have to learn the basics of how to buy and sell on Decentraland. So, without testing your patience, let’s start rolling. But, before that, let’s look at the Decentraland Marketplace. 

What Is Decentraland Marketplace?

A unique feature of Decentraland is its built-in Marketplace where you can trade your assets and manage them. The features of the Decentraland Marketplace that make it unique and distinct from the rest is that it allows you to:

1. Explore assets.
2. Create assets
3. Buy assets.
4. Transfer assets to other players.
5. Sell assets.
6. Manage assets.
7. Grant permissions.
8. Name assets.

How To Buy In Decentraland Marketplace?

Before we go to our main concern, how to buy in the Decentraland marketplace, we will first have a look at what we can buy in Decentraland. The assets that can be brought includes:

1. MANA
2. Land / Estate
3. Wearables
4. Accessories
5. Names

There are two ways of buying in Decentraland.

1. Buy at a specific price.
2. Biding on it.

Apart from this, there are two categories of assets sold on the Decentraland marketplace.

1. Items available for minting.
2. Items being resold.

Now let’s get into this one by one.

Also Read, 3 Awesome Things To Do In Decentraland’s Metaverse

How To Buy MANA In Decentraland Marketplace?

The first and the foremost thing to do before you can buy anything on the Decentrland Marketplace is to connect your wallet and log into an Ethereum account. You can find the best NFT wallets and for security reasons, it is recommended to use a hardware ledger wallet. To buy MANA in Decentraland, follow these steps:

1. Go to Decentraland marketplace.
2. Go to Settings Page.
3. You will see your MANA balance.
4. Click on Buy more.
5. You will be redirected to Kyber Swap.
6. Here you can exchange Ether with MANA.
7. Select the amount.
8. Click on Swipe now.
9. Confirm your transaction.
10. Wait till verified.

How To Buy Land Parcels In Decentraland Marketplace?

Follow the steps if you want to buy land parcels in Deceltraland Marketplace.

1. Go to Decentraland Marketplace
2. You will see a land tab on the top.
3. Click on it and you will see the atlas view.
4. If you have to buy specific land, then search for that in the search bar.
5. Else you can turn on the “on Sale toggle button”.
6. Atlas view allows you to have a glimpse of Estate, district, roads, plazas in Decentraland.
7. Once you click on a land parcel it will reveal its price and address.
8. Click on Buy to purchase this land.
9. You will be redirected to your wallet for payment.
10. You will also be charged gas fees.
11. Wait till payment is verified.

Also Read, Why Are People Buying Land In the Metaverse? Reasons For You To Buy It Now

How To Buy Wearables In Decentraland Marketplace?

If you are a creative head and know about graphics, you can make your own wearables in Decentraland. However, if you are not from this field, then you can buy it from somewhere. To buy wearables in Decentraland follow the steps:

1. Go to Decentraland Marketplace.
2. On top, click on the Collectibles Tab.
3. You will see a wide range of items available.
4. On the right side click on Wearables.
5. Wearables for different parts like:

Head – Facial hair, Hair, Eyes, Eyebrows, Mouth
Upper body
Lower body
Feet

6. You can also use a filter or search bar to search in different collections.
7. Click on the wearable you want to buy.
8. You will see the stock, price, and last sales of the item.
9. Click on buy.
10. Make the payment.
11. Wait till verified.

How To Buy Accessories In Decentraland Marketplace?

The accessories that are available in Decentraland Marketplace include Earrings, eyewear, hat, helmet, mask, tiara, top head. To buy any of these, follow the steps. 

1. Go to Decentraland Marketplace.
2. On top, click on the Collectibles Tab.
3. You will see a wide range of items available.
4. On the right side click on Accessories.
5. You can also use a filter or search bar to search in different collections.
6. Click on the accessory you want to buy.
7. You will see the stock, price, and last sales of the item.
8. Click on buy.
9. Make the payment.
10. Wait till verified.

Also Read, How To Create 3D Models/NFTs in Decentraland | Mint Your 3D NFTs

How To Buy Names In Decentraland Marketplace?

Different names are also put on sale in Decentraland Marketplace. If you are interested in buying them, then follow the steps. 

1. Go to Decentraland Marketplace.
2. On top, click on the Collectibles Tab.
3. You will see a wide range of items available.
4. On the right side click on Names.
5. Click on the name you want to buy.
6. Click on buy or bid for it.
7. Make the payment.
8. Wait till verified.

How To Bid In Decentraland Marketplace?

Apart from buying directly in Decentraland Marketplace, there are several items that are not on sale. You can buy such items by biding on them. If the seller accepts your bid, then you will own the item. To bid on an item, follow these steps.

1. Go to Decentraland Marketplace.
2. On top, click on the Collectibles Tab.
3. You will see a wide range of items available.
4. Click on the item you want to bid on.
5. Select the bid amount.
6. Wait till the bid is selected.
7. Make the payment.
8. Wait till verified.

You can go to My Bids to view your pending bids, their price, and status.

How To Sell In Decentraland Marketplace?

Once you own some assets you can sell them for sure. Sometimes, the prices go up, and by selling your assets you can earn profit. Mostly, land parcels are sold. Perhaps, you can also sell the assets you brought from this marketplace. To sell in the Decentraland marketplace, follow the steps along.

1. Go to Decentraland Marketplace.
2. On top, click on the My Assets Tab.
3. You will see your assets.
4. Click on the sell tab.
5. Choose either to sell for fixed-price or bid for it
6. Set the price and expiration date.
7. Confirm the transaction in your wallet.
8. Wait till verified.

Also Read, How To Play In Decentraland? Your Guide For The Metaverse

Wapping Up

This is where our journey ends. 

It was everything about the Decentraland marketplace, how you can buy and sell items on the Decentraland marketplace. Apart from this, you can earn by giving your land on lease. Advertising is also another way to earn money in Decentraland.

If you want to know more about any section, please leave a comment below.