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LAND Owners Can Rent Out Their LAND Rights In Decentraland’s Marketplace

Twitter icon  •  Published 2 years ago on December 6, 2022  •  Hassan Maishera

Decentraland informed its community members via Twitter on Monday that LAND owners can now rent out the rights to their LANDs in the Decentraland marketplace.

LAND Owners Can Rent Out Their LAND Rights In Decentraland’s Marketplace

Decentraland informed its community members via Twitter on Monday that LAND owners can now rent out the rights to their LANDs in the Decentraland marketplace. Decentraland said the new Renting System allows LAND Owners and Tenants to Rent LAND in a secure and trustless way by using a combination of signatures that are stored in a server handled by the Decentraland Foundation (off-chain) and Ethereum transactions (on-chain).

Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. One of the main features of the platform is the ability to purchase land in its virtual reality & build on it.

Decentraland’s MANA is up by 1% in the last 24 hours and currently trades at $0.4179.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.