Decentraland, a popular platform for the metaverse, is making the first metaverse ATM in the world. Decentraland is a virtual reality platform that runs on the Ethereum blockchain. The platform lets users create content and apps, share them, and make money from them.
In this context, the metaverse is a mix of real-world and online experiences in a digital world where people can talk to each other and do business at the same time. Metaverse Architects and the Transak payment gateway have joined forces with Decentraland to make it easier to buy Mana and other cryptocurrencies. Mana is mostly used as game money. Users can buy and sell things inside the game with cryptocurrency.
The designers say that the ATM is meant to make things easier for people who use it. In a blog post, the developers said, “Like a real ATM, we wanted to give customers a smoother web3 navigation experience.” On August 3, there will be a public meeting where more information will be given about how the ATM works and how it will be set up on your property.
Also, banks are getting interested in the idea of the metaverse. J.P. Morgan started building its first metaverse lounge on Decentraland in 2022. The biggest bank in the world, HSBC, and an online game platform called The Sandbox have said they will work together.
A recent study by DappRadar found that metaverse and blockchain games grew by 9.51 percent in the second quarter of 2022, even though the crypto market was in a bad place at the time.
There are 90,000 parcels in Decentraland as a whole. The common areas, plazas, and roads in Decentraland are owned by the developers and cannot be bought or sold. This lack is one of the main things that determines how much land is worth in Decentraland.