$1.2 billion Metaverse has just 38 users

Decentraland, the metaverse sandbox world that lets people buy and sell virtual property, apparently has a shocking 38 "active users." Of course, when your company has a market cap of $1.2 billion, this is the sort of news you hate to see.

First things first: what is with the name. I'd like to see the other options that were knocked out of the ring before the team settled on... Decentraland. It sounds like satire already. A report from DappRadar asserted that there were only 38 "active users" in Decentraland over 24 hours, but, Decentraland's head honchos hit back.

Check out this ridiculous VR scare fail here!

"DappRadar doesn't track our users, only people interacting with our contracts," explained creative director Sam Hamilton in an interview with CoinDesk. In actuality, Decentraland sees approximately 8,000 users enter the virtual sandbox. Which is still measly. And, if there are only 38 "active users" spending cash in Decentraland, it questions the value of these creations if they only appeal to a small slice of tech-heads.

In other metaverse news, Horizon Worlds is struggling to find footing even with its own developers. “For many of us, we don’t spend that much time in Horizon and our dogfooding dashboards show this pretty clearly,” said Vishal Shah, vice president of Metaverse for Meta. “Why is that? Why don’t we love the product we’ve built so much that we use it all the time? The simple truth is, if we don’t love it, how can we expect our users to love it?” Personally, I would not have let the cat out of the bag in this disastrous fashion, but I'm no bigwig Meta man. So. What do I know.