• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, May 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Looks like Metaverse is just a passing fad with less than 1000 active users!

by Reshab Agarwal
October 8, 2022
in Crypto, Metaverse, News, Trending
Reading Time: 2 mins read
0
Metaverse is just a passing fad
TwitterWhatsappLinkedin

Metaverse got really hyped up during the bull run, and so did the popular tokens SANDBOX and MANA. At the same time, Facebook changed its name to Meta, which created even more hype. However, it looks like Metaverse is just a passing fad because reports suggest that MANA’s $1.3 billion ecosystem has only 38 daily active users. Even Sandbox is struggling and reportedly has nearly 500 active users.

You might also like

From Scoop to Scale: How Hocco Reached a ₹600 Cr Valuation in Record Time

Bajaj Auto Secures Controlling Stake in KTM with €800 Mn Rescue Deal

Tech Layoffs Surge in 2025: Microsoft, Google, Amazon, IBM Cut Over 61,000 Jobs

The poor state of the Metaverse

Decentraland (MANA) and Sandbox have valuations of more than $1 billion, but still, both of them combined have less than 1000 daily active users. Now the definition of an active user is said to have a unique wallet address interaction. So, if a user logs in and uses the native token of the metaverse to purchase or do something, then it counts as active use.

Metaverse is just a passing fad
Image Source: Analytics Insights

This definition is important because if you enter the metaverse and dilly-dally around, you won’t be counted as an active user. It is important to make transactions which is the basis of this number. Users who come onto the platform and also make transactions once in a while would be counted under active monthly or quarterly users but won’t fall under the daily count.

The shocking part is that this bear market has brought down the number to a bare minimum, but even during the peak, it wasn’t quite extraordinary either. DappRadar reported that Decentraland’s highest daily active user count was 675, while it was 4,503 for the Sandbox. So, the question is, was the hype of the metaverse all for nothing? People invested in it and expected returns, but they never came around to using it.

Is this bear market the end for the Metaverse?

Well, the numbers aren’t that great, but many large companies are of the opinion that Metaverse does have a future. However, I believe before the bull market starts, both Sandbox and Mana would come down to more sensible valuations. Other Metaverse platforms, like play-to-earn games, are also doing comparatively better and have higher demand. With the metaverse, there is a product and a market but no fit, at least yet.


What are your thoughts as Decentraland sees only 38 daily active users while Sandbox is at 500? And do you think Metaverse is just a passing fad? Let us know in the comments below. And, if you found our content informative, share it with your family and friends.

Also Read: Anchorage co-founder says there is “no clarity” on crypto regulation in the US.

Tags: #Passing_fadDecentralandmetaversesandbox
Tweet54SendShare15
Previous Post

Ex-Celsius CEO’s wife cashed out $2 million in crypto before bankruptcy, documents reveal

Next Post

FTX’s new global crypto debit cards powered by Visa are here!

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

From Scoop to Scale: How Hocco Reached a ₹600 Cr Valuation in Record Time

by Ishaan Negi
May 23, 2025
0
From Scoop to Scale: How Hocco Reached a ₹600 Cr Valuation in Record Time

India’s love for ice cream is timeless, but the way it’s consumed is evolving—and leading that transformation is Hocco Ice Cream, a fast-rising brand with deep roots in...

Read more

Bajaj Auto Secures Controlling Stake in KTM with €800 Mn Rescue Deal

by Ishaan Negi
May 23, 2025
0
Bajaj Auto Secures Controlling Stake in KTM with €800 Mn Rescue Deal

In a bold strategic move, Bajaj Auto Ltd. has decided to take full control of its long-time Austrian partner KTM AG through a comprehensive €800 million (₹7,760 crore)...

Read more

Tech Layoffs Surge in 2025: Microsoft, Google, Amazon, IBM Cut Over 61,000 Jobs

by Rounak Majumdar
May 23, 2025
0
Tech Layoffs Surge in 2025: Microsoft, Google, Amazon, IBM Cut Over 61,000 Jobs

The technology industry is experiencing a dramatic wave of layoffs in 2025, with more than 61,000 jobs slashed across over 130 companies since the start of the year....

Read more
Next Post
FTX's new global crypto debit cards powered by Visa are here!

FTX's new global crypto debit cards powered by Visa are here!

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?