thecoinrepublic.com
- A data aggregator is presenting wrong statistics concerning a couple of metaverse platforms.
- One of the platforms claimed that the site is tracking wrong smart contracts.
- Axie Infinity remains the top metaverse game to this date.
A Bug or Amateur Developers?
Software bugs are common even in the large ecosystems available on the internet. But the recent glitch on DappRadar, a data aggregator, appears less like an error and more like the work of some amateur personnel involved in tracking projects’ smart contracts. The website shows that metaverse platforms Decentraland and The Sandbox have lost a large number of daily users on their networks.
According to the latest data by DappRadar, Decentraland has only 30 Daily Active Users (DAU). On this, the metaverse company reverted by saying that the data aggregator is keeping a track of particular smart contracts and representing them under the wrong titles on the site. The metrics shows 1.2 Billion USD market cap alongside such a lower user count. That doesn’t seem fair right?
Decentraland ( $MANA ) has 30 Daily Active Users
— SHAKE (@0x_shake) October 6, 2022
and a $1.2 Billion Market Cap pic.twitter.com/u4MBNsWvwk
Lately, there has been a lot of misinformation on the number of active users of Decentraland. Some websites are tracking only specific smart contract transactions but reporting them as daily active users DAU, which is inaccurate.
— Decentraland (@decentraland) October 7, 2022
Similarly, Arthur Madrid, the co-founder of The Sandbox game, countered the metrics by taking to Twitter the real stats of their metaverse. According to the post, the network currently holds 39K in DAUs, 201K in Monthly Active Users and 4.1 million wallets in the Alpha Season 3. He clarified that “On-chain transactions do not count as the users.”
Some comments about Web 3 metrics:
— Arthur Madrid (@arthurmadrid) October 10, 2022
= Web 3 player worth more than Web 2 players engaged with a wallet, all payers VS low conversion in "Freemium" model;
= on chain transactions does not mean Users;
= NFT owners invest in an asset that will grow in value over time based Utilities; https://t.co/IIpsDjRUnm
Decentraland team presented their network stats too. The game currently has 56,697 Monthly Active Users, 1,732 minted emotes, 148 DAO proposals and more. Additionally they suggested users to go through DCL Metrics, a customized data aggregator designed specifically for Decentraland, to get real time and accurate ecosystem data.
Let's have a look at some of September's data:
— Decentraland (@decentraland) October 7, 2022
56,697 MAU
1,074 Users interacting with smart contracts
1,732 minted Emotes
6,315 sold Wearables
300 Creators received royalties
161 created Community Events
148 DAO Proposals
Some reddit users also commented on the situation and addressed Decentraland as “Desertedland.” One user even went on to call it a “ghost town” in the post.
Metaverse to Become a New Normal?
Metaverse is a fast growing industry with several organizations joining the sector to flourish themselves in the sector. The next iteration of the internet is believed to become a 13 Trillion USD industry by 2030 according to CitiBank. Axie Infinity remains the biggest metaverse game to this date followed by The Sandbox, Decentraland and more.
Apart from this, tech titans across the globe have joined the race to become the leading organizations in space. Microsoft, Epic Games, Nvidia, and more are already working on the technology. Nvidia has developed its Omniverse platform that allows the devs to develop metaverse applications.
According to the experts, interoperability will play a vital role in metaverse development. It will allow the digital worlds to connect with each other. It is also believed that the AR/VR market will explode as the tech remains one of the major devices to immerse oneself in the metaverse.