Decentraland’s invites crypto-communities to join its second LAND Auction
Decentraland has had an interesting amount of success when it comes to its auctions. Its first one managed to bring in a total of 161 million MANA, equalling $30 million, and now the users want an encore.
And with 9,300 parcels of LAND as of yet unclaimed, the platform is officially announcing its second LAND auction. For users, there are a lot of advantages to taking part in the LAND auctions according to the team:
- Purchasing several adjacent parcels of LAND at once, to create a new Estate.
- Buying multiple parcels at once can be difficult in the current public market.
- Expanding your current LAND or Estate holdings to include adjacent, unowned space.
- Find affordable LAND where you can build, share, and monetize your 3D content and experiences!
How it will work
The basic format of this auction system will revolve around a ‘Dutch’ system which is commonly in use for games like MLB Crypto Baseball. This system means that LAND will start at a higher price and gradually depreciate until users are willing to bid on it.
To take part, users will need to have access to the desktop browser, a MetaMask, Mist, Ledger or Trezor wallet.
For more information about Decentraland and its LAND auction, visit the website.