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Decentraland launches virtual property renting for LAND owners

 The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace.

The metaverse platform Decentranland announced a new platform feature which allows its users who own virtual LAND to essentially become landlords. Owners can now officially rent out their property to other users on the platform for predefined periods of time.

This allows users to earn passive income off of their metaverse assets. 

Decentraland classifies LAND owners as accounts or wallet addresses which own the smart contract for LAND, whether it be “a Parcel, an Estate, or both."

the native token of Decentraland and paid upfront in total. The platform gave examples of digital universities renting out land to build campuses or DJs renting space for a club or party.

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