Decentraland was made available to the general public in January 2020 and is an Ethereum-based virtual marketplace where you can buy or sell lands and plots in three dimensions. Then, in accordance with your needs, you use the land to build your settings, apps, or a market.
It thrives as the first fully decentralised virtual environment that enables users to fully immerse themselves in a cutting-edge technological experience.
Earlier this month, a non-fungible token (NFT) founder claimed in a Tweet that Decentraland, which has a $1.2 billion market valuation, only had 30 daily active users.
He was later corrected by another Twitter user who noted that his source, dappradar, tracks the interactions with DCL contracts and not the users online and in fact the daily active users were around 500 people.
Decentraland quickly disputed these claims and clarified on its blog that there are actually closer to 8,000 daily active users of its metaverse.
However, this is not exactly correct either as Decentraland explained a large number of their users are repeat visitors and they instead only have 1,866 unique visitors in a day.
While these are certainly not numbers to be excited about, Decentraland mentioned in their post, “When discussing the number of DAU or MAU in Decentraland, it’s worth keeping in mind that Decentraland is not a company and that it doesn’t view users as a product by which to measure success,” wrote Decentraland. “Decentraland is a DAO and the only open source, Web3 metaverse platform that is owned and governed by its community.”
Even so, these are still disappointing figures for a company with a market cap of over $1 billion.