Decentraland to Launch First Metaverse ATM

Credit: Decentraland / Transak

The process of buying cryptocurrency can be confusing for newcomers. It is often shrouded in acronyms, changing chart patterns, and questions about wallets. Now, one of the top decentralized metaverses wants to make it a little bit easier.

Decentraland (DCL), which opened to the public in 2020, has launched the first metaverse automated teller machine. From it, you can buy $MANA, Decentraland’s native token, and other cryptocurrencies. Here is everything we know about the development thus far:

  • The goal of the metaverse ATM is to make purchasing cryptocurrency easier for customers
  • To make the ATM, Decentraland partnered with Transak and the Metaverse Architects studio
  • The ATM will be available to parcel owners to put on their property
  • The automated teller machine may help land owners monetize experiences

The developers of the metaverse ATM wrote in a blog post that they wanted to give users “a more smooth journey” when visiting Web3. Decentraland has posted a link on its website for property owners to place an ATM on their land.

The ATM addition to Decentraland comes as more financial services companies are exploring the metaverse as a means for revenue. J.P. Morgan recently opened a lounge in DCL called “Onyx,” and HSBC entered into a partnership with DCL competitor The Sandbox earlier in 2022.

The Metaverse Makes News in 2022

Ever since Mark Zuckerberg changed Facebook’s name to Meta in 2021, interest in the metaverse has grown, and it has made news nearly every day in 2022. Here are three stories Rarity Sniper has covered about the metaverse this year.

Earlier this week, Tokyo University announced that it is offering metaverse engineering classes. The metaverse courses will be geared to those who are university students, high or middle school students, and adults who are switching careers.

Also earlier this week, Proctor & Gamble shared that it had conducted an experiment in the metaverse where users completed a series of cleaning tasks. The study was unusual in that it involved objectives and rewards rather than the users simply digesting information.

Last week, MTV announced that it was adding a “Best Metaverse Performance” category to its slate of awards. The company revealed that it had done so due to the high number of singers creating content in the metaverse, including Ariana Grande and Charli XCX.

Decentraland launching the first metaverse ATM is certainly exciting news and shows people continue to innovate in the field, even during a down market. As more stories come out about this nascent technology, Rarity Sniper will be here to report on them.