(Bloomberg) — Sandbox, a blockchain-based virtual world, is doing well despite a report that the platform only had about 500 daily active users, according to Yat Siu, co-founder of Animoca Brands Corp., the owner controlling. of the digital game.

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Such a low user count would be shocking for The Sandbox, which has considered raising funds at a valuation of more than $4 billion. The CoinDesk report used data that only analyzed blockchain transactions, Siu said Thursday in an interview with Bloomberg at the TechCrunch Disrupt conference in San Francisco. He said that these transactions, which may include sales of virtual land represented by non-fungible tokens, do not reflect the overall commitment to the platform, especially considering that more users are…