The metaverse has had a moment for most of 2022. It’s basically become this year’s favorite buzzword, and yet some people still don’t get the concept.

To make things clear, the platform is a virtual world accessed through VR headsets, offering immersive experiences such as shopping, real estate investments, gaming, and live concerts. Virtual influencers have even taken over the metaverse, debuting at fashion shows earlier this year.

However, despite the popularity of the word, one project is apparently not working out as well as hoped.

Decentraland allows users to buy and sell virtual real estate, with an ecosystem valuation of $1.2 billion (£1 billion).

A recent report by data aggregator DappRadar claimed that the Ethereum-based world only had “38 assets…