Metaverse project Decentraland isn't a lot of people. Companies that bet on a metaverse future haven't made much progress despite billions of dollars in valuations.
Decentraland only had 38 active users over the course of a single day, which is a low number considering the company has a market cap of over $1 billion.
Decentraland said that active users are people who interact with its system. Users who log in to chat or interact with other people aren't being counted.
Sam Hamilton, Decentraland's creative director, said that the platform averages around 8000 users on an average day.
It's not good for something that's supposed to be the future of online communities to have 8,000 users on a single day. If only a few dozen transactions happen per day, it's embarrassing.
It's a perfect example of the kind of massive disparity between market value and actual users that has been afflicting the Web3 world for a long time, and could also be indicative of a serious slowdown in appetite for virtual real estate and other cryptocurrencies.
The platform saw over a thousand users interact with smart contracts in the month of September.
The amount of money being poured into metaverse platforms like Decentraland doesn't really make a difference.
That does not bode well for the future of the metaverse.
"If anyone tells you that there's a metaverse that has worked, it's lying to you," said Fleyshman.
DappRadar Data Suggests Decentraland has 38 daily active users.
There is a virtual mansion in Miami that comes with a twin.
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