MANA - The Newest Way to Earn Passive Income in Crypto? Rent Out Land in the Metaverse.
When most investors think about earning passive income with crypto, they immediately think of staking . But there are a variety of other ways to generate passive income, especially if you are active in virtual metaverse worlds such as Decentraland (CRYPTO: MANA) . In early December, Decentraland formally introduced a new passive-income option that might appeal to metaverse users: virtual-property renting for owners of digital land.
In other words, if you already own digital land in the virtual world of Decentraland, you can now rent it to others who might want to set up a short-term presence in the metaverse, perhaps for festivals, product launches, or community events. It's an interesting concept because it works similarly to real-world property renting, which has always been a popular source of passive income. So is this metaverse-inspired passive income opportunity right for you?
While buying virtual land in the metaverse sounds interesting, it also comes with a high bar to entry. If you've never explored a metaverse world like Decentraland before, you'll need to get up to speed on how these worlds work and how they differ from traditional role-playing video games. You'll also need to familiarize yourself with metaverse land prices, which can range from a few thousand dollars to over $1 million, and then become acquainted with a map of Decentraland, which has over 90,000 parcels of land.
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The Newest Way to Earn Passive Income in Crypto? Rent Out Land in the Metaverse.