Attack or defense? – Economic actors are becoming more and more curious about the metaverse and their interest is growing day by day. The bear market doesn’t seem to deter them, but some Cassanders believe the metaverse is already deserted. Leaked data suggests that the bubble has already burst, but the architects of this environment are defending themselves against what they believe is metaverse misinformation.
DappRadar is the cause of misinformation
data published by DappRadar estimate that the number of daily users of the metaverse would be anecdotally. In fact, company watchers believe that there are only 30 daily users on Decentraland. A number that looks small in relation to the company’s market value 1.2 billion dollars. The problem: this data consists of metaverse users who have made an in-game purchase.
The platforms therefore responded to this report, indicating very low daily activity. They claimed that a measure “misinformed” was used to calculate the number of daily users. The answer to this misinformation about the metaverse is therefore: no, NFTs and the metaverse are not dead!
The managing director of The sandbox (TRUE), Arthur Madrid wanted to remember it the transactions made do not represent the number of users. He also mentioned the utility of an NFT, the owners of the NFT “invest in a token that will increase in value over time and according to the utilities”.
As for Decentralized country (MANA), they replied that better statistics could be found at DCL measurements, a purpose-built data aggregator for Decentraland. Unlike DappRadar data, it measures the number of daily users via number of logins followed by a logout on a ground.
>> Secure your cryptos on a Ledger wallet. Free Shipping (Commercial Link) <
The Metaverse is doing well, but going through a delicate period
The distinctions are important because 1,074 people interacted with smart contracts in September at Décentraland. However, they actually are 56,700 people which joined the platform in September. So there we have it 1.89% users who make purchases.
Similarly, The Sandbox has refuted criticism of its daily user count. The platform declares that it counts 201,000 monthly users. It is therefore necessary to use the blockchain’s data with hindsight and not make hasty interpretations to avoid misinformation about the metaverse.
The attendance of the metaverse is worrying at a time when the market is entangled
A Reddit thread shows that presence of these metaverses is the biggest source of concern for investors. It was in this thread that a user mocked Decentraland by calling it a “Wasteland”. As you will have understood, the transatlantic metaverse is described there as ghost town. This controversy goes back to where the bear market puts the most legitimate metaverse projects to the test. How to explain it Alexander Stachchenko, the market is in the consolidation phase.
In fact, the market saw the price of tokens of these metaverses to sink drastic. The Decentraland Token, the MANAfell from $5.85 (ATH) to $0.66, down from 88.7%. As for him TRUE is at $0.79 when its ATH was $8.40, down from 90.5%. The market values for The Sandbox and Decentraland are currently respectively 2.37 billion dollars and 1.44 billions of dollars.
DappRadar therefore published non-erroneous information but misinterpreted it, leading to misinformation about the metaverse. This prompted Decentraland and The Sandbox to make amends by publicizing and elaborating on their form on social media. So it seems that the metaverse is not dead and many users are still browsing these platforms every day. However, it should be noted that the numbers have plummeted, revealing that the metaverse is going through a delicate period. To find out more about salt and pepper news in this environment, read our report from last month.
The price drop also affects the metaverses. Take advantage of current market conditions to quietly accumulate Bitcoin. And to keep your crypto shopping safe, equip yourself with a Ledger key. Your purchasing power is preserved because the shipping costs are a gift (commercial link).