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Decentraland To Launch The World’s First Metaverse ATM

Popular metaverse platform, Decentraland has announced its plans to launch the world’s first metaverse ATM. Created in partnership with Transak payment gateway and Metaverse Architects studio, the metaverse ATM will allow users to easily purchase cryptocurrency. Decentraland will onboard players to the virtual ATM on Monday, August 8. Let’s take a closer look at what the metaverse ATM is all about.

Decentraland metaverse ATM launch
Decentraland is launching the world’s first metaverse ATM. Credit: Decentraland

What is the Metaverse ATM by Decentraland?

The Transak metaverse ATM by Decentraland is the world’s first, fiat to crypto ATM. The idea behind the initiative is to help users easily buy MANA or any other cryptocurrencies. 

“This is intended to ease the user experience,” the developers said. “Just like an ATM in real life, we wanted to give users a more seamless journey whilst navigating web3.”

They added that they are constantly building tools and technology necessary to facilitate hassle-free payments in Decentraland. Ultimately, their aim is to “reduce the knowledge gap for participation in Decentraland.”

On Monday, the developers will host a launch event at the Airdrop Tower. During the event, attendees will get to learn how to deploy a virtual ATM at their property. They will also get to know more about the various monetization opportunities for land owners. 

If you want to install the ATM on your property, just fill out this Metaverse Architects form

About Decentraland

Decentraland is a completely decentralized virtual world that allows players to purchase, develop, and sell digital real estate, artworks, and NFTs. On the platform, you can develop 3D environments, connect and socialize with friends, play games, host exhibitions, and much more. The community-owned platform is based on the Ethereum blockchain and is one of the most popular virtual worlds in the market. 

All investment/financial opinions expressed by are not recommendations.

This article is educational material.

As always, make your own research prior to making any kind of investment.

Reethu Ravi is a journalist based in India, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned journalist, she loves bringing stories of change and innovation to the limelight.

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