Metaverse Is “Not a Lonely” Place, Says Decentraland, Ending Spread of Misinformation

The metaverse platform Decentraland is joining forces with the Blockchain data provider DappRadar to recalculate its metrics while updating their smart contracts list.

Last week, DappRadar data suggested that despite $1 billion valuations, metaverse platforms Decentraland and The Sandbox each have fewer than 1,000 “daily active” users, indicating that it’s lonely in Metaverse.

However,DappRadar defines “active users” as those who visit The Sandbox or Decentraland and make NFT purchases with tokens SAND or MANA. Therefore, the platforms claimed that these figures do not tell the whole story.

Following that, DappRadar published a blog post on Tuesday outlining how it calculates the number of “active” users interacting with decentralized applications (dapps), including the metaverse platform Decentraland.

According to the blog, the standard measurement for the DappRadar Rankings is the Unique Active Wallets (UAW), the key metric that shows which dapp has the most user wallets interacting with it and thus sits at the top of the charts.

“The DappRadar tooltip describes the UAW or user data as the ”number of unique wallet addresses interacting with a dapp’s smart contracts.” So, to be counted by DappRadar, a user needs to make a blockchain transaction.”

The key metrics provided by DappRadar are based on smart contracts, which are mostly submitted by dapp developers. the post said.

Decentral and tweeted Today, “The metaverse may still be a new place, but it certainly is not a lonely one.” According to the metaverse platform, defining “Active Users” in the Metaverse can be tricky and lead to the spread of misinformation.

The metaverse may still be a new place, but it certainly is not a lonely one. ❤️

Defining 'Active Users' in the metaverse can be tricky and varied approaches can result in the spread of misinformation.

Let's dive into what this means👇
— Decentraland (@decentraland) October 11, 2022

The tweet stated that the list of contracts tracked by the DappRadar tool was not complete or up to date, and it also did not account for one of the most common ways Decentraland users interact with smart contracts, which is via meta-transactions.

Decentraland also confirmed that they are working with DappRadar to update their dashboard from the original 13 tracked contracts to currently 3553 to show a more complete analysis moving forward.