Introducing LAND Estates
Group parcels of LAND into Estates for easier development and management
Today we are very excited to share our latest feature in the Decentraland Marketplace: LAND Estates!
We know that a lot of you own multiple adjacent parcels of LAND, and we understand that it can be frustrating to manage all of those parcels individually. Buying, selling, and shopping for bigger plots within Genesis City hasn’t been easy, much less developing and deploying scenes that span more than one parcel.
So, we created Estates, which allows you to connect two or more parcels of LAND directly through the Marketplace. In this first release, you can only create, edit, transfer, and dissolve Estates. We will be adding the ability to buy and sell Estates in the next release, in a few weeks time!
What are Estates?
LAND Estates is a new feature in the Decentraland Marketplace that makes it possible to associate two or more directly adjacent parcels of LAND. These parcels must be directly adjacent, and cannot be separated by a road, plaza, or any other parcel.
By connecting parcels into Estates, you can more easily manage your larger LAND holdings. Estates are especially useful when building larger scenes that span more than one parcel.
How do I use Estates?
To create your first Estate, you need to own two or more adjacent LAND parcels.
Create an Estate
Log into the Decentraland Marketplace and navigate to the details page for any of the parcels you want to include in your Estate.
Next, click Create Estate.
You will be shown a view of the Atlas centered on the parcel you selected, with the remaining adjacent parcels you own highlighted.
Simply select the different parcels you want to include in your estate and click Continue.
You can then enter a name and description for your Estate. These details will be publicly displayed in the Atlas, just like the name and description for any individual parcel.
Once you’ve created your Estate, you will see a new page appear under your account titled Estates. From this page you can view and manage all of your Estates.
When you create a new Estate, you are effectively transferring your parcels to a new token. These Estates are represented by ERC721 tokens (like any other NFT). This means that you will no longer see the individual parcels under **My Land, **and they will not appear in MetaMask, Mist, Trezor, or Ledger wallets, nor on Etherscan under your address.
You still own these parcels.
They are simply contained within a new token (the Estate that you created), which is what allows you to manage them as a group.
Transfer an Estate
To transfer an Estate to another user, simply navigate to the Estates page in the Marketplace, and select the Estate you want to transfer.
Next, enter the public address of the recipient.
Please double check this address, since you cannot cancel the operation.
Click Submit to transfer your Estate.
While the recipient could always transfer the Estate back to you, the original owner cannot reverse the action, so please be sure that you are sending your Estate to the correct person.
Edit an Estate
You can always edit an Estate by navigating to the Estate details page in the Marketplace and clicking Edit.
You can change the name and description of your Estate, in addition to removing or adding parcels to your Estate.
Don’t forget that there’s a small transaction fee, referred to as a “gas fee”, for making this change, much like the fee charged when editing individual parcels. This fee is required to commit your change to the Ethereum network — Decentraland doesn’t collect anything from these fees.
Dissolve an Estate
You can dissolve an Estate by navigating to the Estate details page, clicking Edit Parcels, then Dissolve Estate. **If you’re sure you want to dissolve your Estate, click **Confirm.
Dissolving an Estate doesn’t change your individual LAND parcels, it only removes the association of those LAND parcels with the Estate. You will still own each parcel that was included in the Estate, but they will no longer display content deployed to the Estate.