Decentraland launches metaverse land rental – CryptoTvplus

Decentraland launches metaverse land rental
UK finalizes plans to regulate crypto following FTX saga
Circle ends SPAC merger deal with Concord
Binance announces its Auto-Invest Index-Linked Plan
Nexo to exit US market citing regulatory troubles
Bear market contagion: crypto firms that went bankrupt in 2022
Coinbase and Apple disagree over NFT gas fees on iOS Wallets
Top 6 Most Popular Crypto Scams In 2022
The World Of Crypto and Remote Work
TopGoal Partners with Binance Fan Token to launch Football Metaverse.
Why media houses are important in crypto
Why Central Banks will opt for gold not bitcoin
Bitcoin: How the bear market has affected Institutions
How bitcoin is helping to manage climate change
Why CBDCs are political tools not financial tools
Coinbase and Apple disagree over NFT gas fees on iOS Wallets
TopGoal Partners with Binance Fan Token to launch Football Metaverse.
What is NFT utility and why does it matter?
CR7 NFT Collection auction to go live in 24 hrs
Cristiano Ronaldo’s NFT to go live on Binance
How to connect Trust Wallet to Binance Smart Chain (BEP20)
Unstoppable Domains moves to integrate with Fantom 
Nine (9) Features You Need to Know About Fantom Blockchain
Understanding the Consensus of Fantom: Lachesis.
Understanding the Fantom (FTM) Blockchain
OpenSea Expands Access to Avalanche NFTs, Launches Support
Avalanche Ecosystem: Chains, DEXes & Wallets
Avalanche Blockchain Consensus Algorithm 
Understanding Avalanche Blockchain 
Polkadot’s Co-founder, Gavin Wood steps down
Polkadot: Parachain & Substrate 
Understanding the Polkadot Blockchain 
Understanding the HECO (Huobi ECO) Chain
Solana & Ethereum battle for NFT supremacy — report
AC Milan to launch NFT game with Monkey League 
How to trade NFTs on Magic Eden
Understanding Solana, it’s Proof of History & Smart Contract
South Korean Ministry Declares Do Kwon’s Passport invalid
Terra Blockchain Ecosystem: DeFi And Stablecoins
The Terra Blockchain Consensus Algorithm
Terra Blockchain Ecosystem: DEXes & Wallets
Metaverse, Web 3.0 Disruption and Blockchain Advancement to be Discussed at MetaWeek in Dubai
“An Evening with Lars” – Discussions on Finance, Web3 and The Digital Economy
Nigerian Government Interested in Crypto Despite Restrictions
Betting BIG on DeFi & NFTs – A BNUG Event
DeFi Conference 2021: The Rise of Decentralised Finance
Bahamian Regulators deny involvement in FTX Bahamian Exclusive Withdrawals
We need solutions that help businesses in a decentralized manner
Monetary Policy has been replaced with tyranny; e-Naira will be a flop – Chiagozie Iwu
Senator Ihenyen, Chairman-elect, SiBAN Shares his Plans & Commitment to Take SiBAN to the next level
Did you miss Inside Blockchain on CryptoTvplus yesterday 16th Nov.?
Best Crypto Trading Strategies
How to participate in zkSync Airdrop
4 mistakes crypto traders should avoid.
How to Trade Crypto Using Support And Resistance
Bybit Cuts Down Staffs Amid Market Crash
Crypto Bootcamp Community is set to host the biggest blockchain and crypto education bootcamp. 
Cassava Network & Play1st Launches Africa’s Largest Esports Gaming League with the Inaugural ‘Cassava x Play1st Cup’
Why OpenSea adopts OpenRarity ranking methodology
Truzact partners with Bitgert (BRISE); world’s first zero gas fee blockchain
NFTNG partners with crypto media, CryptoTvplus 
Why money can’t sustain crypto – Co-founder Matterblock
3 Myths about the metaverse
What is Proof of Reserve?
How Teddy DAO will use NFT for social good
Liquality:The open-source multi-chain wallet
News
News
News
News
News
News
News
News
News
News
News
News
News
News
Published
on
By
Decentraland has announced that owners of lands can rent them to other users. The new system will allow both LAND owners and tenants to rent LAND in a safe and decentralized manner, stored in a server managed by the Decentraland Foundation (off-chain) and Ethereum transactions (on-chain).
Decentraland is a virtual world launched in 2020, where users can buy virtual plots of land using one of its native tokens, MANA, on the Ethereum blockchain. Apart from buying lands, users can also engage with each other, play games using interactive dApps, and carry out trades to earn money.
Two professional blockchain developers, Ari Meilich and Esteban Ordano are responsible for the smart contracts on the 3D virtual platform. Alongside the MANA token, an ERC-20 token, Decentraland has ESTATE, an ERC-721 token, which represents meeting lands, and LAND, an ERC-721 nonfungible token.
Details from the announcement reveal that LAND owners need to allow the Rent Smart Contract to control their LAND on-chain before listing it in the Decentraland marketplace. During the listing, LAND owners will set a price per day and the number of days they want to list their LAND, after which the LAND will be delisted if it’s not rented.
Furthermore, LAND owners can edit renting details of their LAND, which has transaction implications; they can claim their LANDs back after being rented by tenants by taking the Operator’s Permission from the tenant. The LAND can also be listed again, at zero transaction fee, to be rented by another tenant.
The renting notification by Decentraland reads that to-be tenants can find all available LANDS for rent or sale in the marketplace under the LAND section. To rent a LAND, tenants must select the allow the Renting Smart Contract to manage their MANA first before selecting the duration of the rent and paying for the LAND. Once payment is made, and LAND renting is approved, the tenant receives the Operator Permission, which is reclaimable by the LAND owner once the expiration date is due.
According to the agreement, it’s important to note that a tenant does not own the LAND being rented (so secure your content on the LAND before the expiration date), and LANDs cannot be sold during the renting period. For more details, see this.
Netflix Enters Decentraland with The Gray Movie
TIME Partners with Sandbox to Enter the Metaverse

UK finalizes plans to regulate crypto following FTX saga

Norway partners with Ernst & Young to setup metaverse tax office
Netflix Enters Decentraland with The Gray Movie
HSBC Joins JPMorgan into the Metaverse
Pingback: Decentraland launches metaverse land rental by Chuks Reinhardt – CryptoTvplus Events: NFT, DeFi, Bitcoin, Ethereum, Altcoin Events
Monies raised by several crypto projects yearly run into billions of dollars. In H1 of 2022, startups raised $30.3 billion…
The metaverse has become another buzzword in web3. It is seen as the virtual space where everyone can connect, interact…
These past few weeks have been a roller coaster of unexpected and heartbreaking news from the ”most trusted” and popular…
NFTs have grown into a huge global market worth billions of dollars. Projections from experts show that by 2030, that…
One of the common reasons people run away from investing in cryptocurrency is because of the risk associated with it….
Copyright © 2022 CryptoTvplus. Powered by MA Media.

source