Attack or defense? – Economic players are increasingly curious about the metaverse and their interest is growing day by day. The bear market doesn’t seem to discourage them, but some cassandres believe the metaverse has already been abandoned. Leaked data suggests the bubble has already burst, but the architects of this environment are defending themselves against what they believe is metaverse disinformation.
DappRadar at the origin of disinformation
data published by DappRadar estimates the number of daily users of the metaverse would be anecdotal. Indeed, the company’s observers believe that there is only 30 daily users at Centralland. A number that seems small compared to the company’s market cap of $1.2 billion. The problem: This data consists of metaverse users who made an in-game purchase.
The platforms therefore reacted to this report suggesting very low daily activity. They claimed that a measure “incorrectly informed” was used to calculate the number of daily users. So the answer to this disinformation on the metaverse is: no, NFTs and the metaverse are not dead!
The CEO of The sandpit (SAND), Arthur Madrid wanted to remind the transactions performed do not represent the number of users. He also mentioned the usefulness of an NFT, the owners of NFT “invest in a token that will increase in value over time and according to the utilities”.
As regards Decentralized (MANA), they replied that better statistics can be found at DCL statistics, a custom data aggregator for Decentraland. Unlike DappRadar data, it measures the number of daily users through the number of logins followed by logout on a plot.
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The metaverse is doing well but going through a delicate period
The differences are important because 1,074 persons interaction with smart contracts in September at Décentraland. They are, however 56,700 people who joined the platform in September. So we have 1.89% users who make purchases.
Likewise, 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 data from the blockchain afterwards and not to make hasty interpretations to avoid misinformation about the metaverse.
The frequency of the metaverse is a concern at a time when the market is entangled
A Reddit thread shows that the presence of these metaverses is the biggest concern for investors. It was in this thread that a user mocked Decentraland by calling a “Abandoned Country”. As you will have understood, the transatlantic metaverse is described there as ghost town. This controversy dates back to when the bear market put the most legitimate metaverse projects to the test. How to explain it Alexander Stachchenko, the market is in the consolidation phase.
Indeed, the market saw the price of tokens of these metaverses to lower drastic. The Decentraland token, the MANAfell from $5.85 (ATH) to $0.66, down from 88.7%. For its part, the SAND is at $0.79 when the ATH was $8.40, down from 90.5%. The market capitalizations of 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 posting and detailing their form on social media. So it seems that the metaverse is not dead and many users still surf these platforms every day. However, it should be noted that the numbers have plummeted, suggesting that the metaverses are going through a delicate period. To find out more about salt and pepper news in this area, read our report from last month.
The drop in price also affects the metaverses. Take advantage of the current market conditions to calmly collect 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).