What happened: As two of the major players in the metaverse, Decentraland and The Sandbox have become the go-to channels for luxury brands looking to build their presence on Web3. but a viral reportpublished by Decentralized finance (DeFi) analytics firm DappRadar suggests that online giants are apparently not as popular as once thought; according to the study, Sandbox has only reached a maximum number of daily active users of 4,503 and Decentraland has yet to exceed 675. Unsurprisingly, conversations around the numbers exploded on crypto Twitter, with the public questioning the future of Web3. News reports have also pointed out that Meta’s (formerly Facebook) Horizon Worlds metaverse is also suffering from low user numbers, low retention rates, and glitches…