The end of the golden age of the virtual world “Metaverse”? two popular platforms Decentraland-The Sandbox has only 38 players! What happened to the 40 billion baht virtual world land?
At the beginning of 2022, we were just excited about the news. The “virtual land price”, or Metaverse, is a new business boom. because even in the virtual world But these metaverse plots can be priced as “expensive” as real-life land title deeds.
But less than a year later, in addition to the price of the Metaverse land falling along with the “down” trend of digital assets, the “user” has also dropped drastically.
The 2 most famous metaverse platforms in the world are Decentralized with The Sandbox which are all ranked as the most expensive virtual land in the level of 100 million baht per plot or more And with the most users in the world, both platforms are also worth more than $1 billion (about 37 billion baht).
But today, a report on Coindesk website found that the two platforms have averaged less than 1,000 daily active global users, although they still remain. The “unicorn” market cap, or value at $1 billion or more, has been firmly established, with both Decentraland and The Sandbox each worth around $1,300 million.
The report, citing data from DappRadar, states that in the last 24 hours, Decentraland had only “38” active users! From the record for the highest peak at 675 people per day, or a decrease of 17 times! The sandbox is only about 522, from a record peak of 4,503 a day, an 8x decrease.
Active user that means I didn’t just click here and look at the platform. But they also have to do some activities, such as buying/selling SAND or MANA coins, to be considered a real active user. Those who only attend metaverse events such as fashion shows, they do not count.
However, both platforms have come out to defend that. I saw that there were a lot less active users. It’s because the counting methods are different. The platform counts the number of people who visit the platform. All the people who came to try To people who come in to trade coins and NFT, the number peaked in March of this year before gradually declining since then.
It must be admitted that the main negative factor that has a huge impact on Metaverse is the “down” trend of all cryptocurrencies. Especially after the top coin like LUNA crashed in April and broke in May, causing a stir throughout the crypto industry. Both bring down the price of every coin in the overall picture. The crypto market has lost nearly $1 trillion. It also affects the NFT industry and Metaverse to let it go down at the same time.