The Decentraland virtual universe has announced that it will allow the rental of virtual land on its platform by owners. In this way, users who have land will be able to rent it to another user for a certain period and obtain passive income.
As explained by the platform, the owner of a piece of land is the address of the account or wallet that holds the smart contract for that property. The final tenant therefore had to pay the owner a charge for the land, but he could develop it as he pleased and derive this income from it.
All land rents are made with Decentraland’s native token and are paid in full upfront. The platform gave examples of digital universities renting land to build campuses or DJs renting space for a club or throwing a party.
