Zuckerberg At Risk: Metaverse Attracts Dismal Traffic

Inside metaverse platform Decentraland (decentraland.org)
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Beware of billion dollar startup valuations in the Metaverse space. Analysts looking in are warning, “Anyone telling you that there’s a metaverse today that has worked is lying through their teeth.” Technocrat dreams and hard reality are two distinctive phenomenon. Thus far, the Metaverse is hot air and hype. ⁃ TN Editor

Lonely Road

Metaverse project Decentraland, a sandbox environment that allows users to buy and sell virtual real estate, isn’t exactly teeming with people. Despite billions of dollars in valuations, companies betting on a metaverse future simply haven’t made much headway.

In fact, according to data aggregator DappRadar, the Ethereum-based world Decentraland only had 38 “active users” over a period of 24 hours — a confoundingly low number, especially considering the company has a market cap of a whopping $1.2 billion.

Decentraland pushed back, though, saying that “active users” are defined as unique blockchain wallet addresses that interact with its system. As CoinDesk explains, that means users who simply log in to chat or interact with others aren’t being counted.

“DappRadar doesn’t track our users, only people interacting with our contracts,” Decentraland’s creative director Sam Hamilton told CoinDesk, adding that the platform averages around 8,000 users on an average day.

Active Users

Of course, even 8,000 users on a given day is dismal for something that’s supposed to be the future of online communities. And if blockchain is the underlying economic mechanism of the endeavor, it’s outright embarrassing if only a few dozen transactions are happening per day.

In short, it’s a perfect example of the kind of massive disparity between market value and actual users that has been plaguing the Web3 world for years, and could also be indicative of a serious slowdown in appetite for virtual real estate and other blockchain-related assets, including cryptocurrencies and NFTs.

Vaporverse

Decentraland’s Twitter account also attempted to do some damage control, writing that the platform saw “1,074 users interacting with smart contracts” in all of September.

All told, though, none of these numbers really amount to much, given the amount of money being poured into metaverse platforms like Decentraland.

And that doesn’t bode well for the future of the metaverse.

“Anyone telling you that there’s a metaverse today that has worked is lying through their teeth,” Sasha Fleyshman, portfolio manager at digital asset investment firm Arca, told CoinDesk.

Read full story here…

About the Editor

Patrick Wood
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
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DawnieR

Mark Suckerberg is an ANDROID!! Look into it eyes……dead!…..totally VOID of LIFE There may have been a ‘human’ Mark Suckerberg, early on…..but it’s an Android now! LOL

Oh!!…..I always knew this would be a FAILURE, right from the start. Only a ‘handful’ of Zombies will ‘live’ in there. There would have been a few more Zombies in Suckerbergs metaverse…..but Suckerberg, and his Globalist Masters, are killing off the Zombies (and Demons) with the Death Jab!! Ahahahaha!

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