The ecosystem is optimistic about the metaverse, no matter what the numbers imply

Despite reports of low numbers of unique active wallets on Decentraland, the hype, investment and metaverse development continue.

An early interpretation of the numbers from DappRadar on October 11 reported extremely low engagement numbers for Decentraland, one of Web3's most high-profile metaverses. The numbers shocked the community, as the platform has a current market valuation of $1.2 billion.

Shortly after the initial report was released, DappRadar and Decentraland verified that the published count of less than 40 Unique Active Wallets (UAWs) was not an accurate representation of activity on the network. According to DappRadar's tracker at the time of writing, UAW is just over 600.

A DappRadar report following the incident revealed that blockchain games and metaverse projects generated a cumulative $1.3 billion in the third fiscal quarter.

However, if user engagement is low, what drives investors to return more to the metaverse?

Cointelegraph spoke to Decentraland, DappRadar, and prominent metaverse investor Animoca Brands,= to better understand what it's like about the metaverse keeping investors coming back.

Robert Hoogendoorn, Head of Content at DappRadar, pointed out that despite falling crypto token prices and trading volume in US dollars for terrestrial metaverses, the actual number of trades only went down. by 11%.

“It shows that there is still a strong demand,” he says. Hoogendoorn also reiterated that participation in the metaverse goes far beyond just logging in. It is also activities of Decentralized Autonomous Organizations (DAOs) and development teams leveraging everyone's open source software:

"It's not a one-way flow between business and...