“Anyone who tells you that today there is a metaverse that has worked is blatantly lying.”

lonely road

The Metaverse Decentraland project, a sandbox environment that allows users to buy and sell virtual real estate, isn’t exactly crowded. Despite billions of dollars in valuations, companies betting on a future metaverse just haven’t gotten far.

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

However, Decentraland responded by saying that “active users” are defined as unique blockchain wallet addresses that interact with their system. What CoinDesk explain, that means…