An initial interpretation of DappRadar numbers on Oct. 11 reported extremely low engagement numbers for Decentraland, one of Web3’s most-hyped metaverses. The numbers shocked the community, as the platform has a current market evaluation of $1.2 billion. Shortly after the initial report broke, both DappRadar and Decentraland verified that the published number of less than 40 unique active wallets (UAW) 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 raised a cumulative …

Moonland will allow users to create their own avatars, and explore new cities. They'll even be able to become landowners — or run their own businesses. Beyond social experiences and battle arenas, Moonland will also be home to stunning concerts that'll be truly out of this world. Moonland's development and design team have already created their first batch of NFTs — and holders will be given the chance to access an early demo of the metaverse. This is a crucial first step in building a multi-chain metaverse that's going to welcome a plethora of other brands and crypto games. Powerful …

A shareholder’s open letter to Meta CEO Mark Zuckerberg has labeled the tech giant's investment into the Metaverse as “super-sized and terrifying.” The shareholder has urged the company to scale down its investment in the Metaverse and its related technology arm amid a significant fall in its stock price over the last 18 months. The open letter was published on Oct. 24 and was directed at Zuckerberg and the board of directors. It was authored by Brad Gerstner, CEO and founder of technology investment firm Altimeter Capital, which owns roughly a 0.11% share in Meta, according to Hedge Follow. Gerstner …

The play-to-earn boom has left many blockchain games on the scrapheap because they relied upon unrealistic tokenomics. Here, Angelic's Founder and CEO Erkan Bayol explains why, despite all of this, NFTs have huge potential in the world of gaming — as long as they're added in the right way. 1. What are AAA games — and how can NFTs make them better? AAA games are the pinnacle of the entertainment industry — bringing art, technology and literacy together. They're the gaming equivalent of the biggest blockbuster movies in Hollywood — and better still, they're interactable. NFTs and blockchain technology enhance …

Opensea’s dominance begins to waiver Nonfungible token (NFT) marketplace Opensea has seen its competitors chomping at its ankles this year as they gain market share — turning the market from a “monopoly” into an “oligopoly," a new report states. Binance Market Pulse released on Oct. 20 says there has been a slow and steady change in market leadership, noting that while OpenSea is still the dominant marketplace in terms of users and volume, Ethereum (ETH)-based exchanges X2Y2 and Looksrare have been gaining their share of the market over 2022. The report also pointed out that OpenSea is facing stiff competition …

Awash in a seemingly endless stream of bad news, the public’s appetite for that which is not of this world has increased. Perhaps nowhere is this more evident than in the explosion of the metaverse movement. From huge concerts and virtual real estate rushes to the rapidly expanding GameFi sphere, digital reality is now where it’s at. But is the metaverse something that should be experienced in a primarily passive way? Most metaverse platforms have ways for users to share content and artwork, and there are even decentralized autonomous organization-governed Web3 games allowing players to participate in important decisions. But …

Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains. The Metaverse sector has been hit with a fair amount of negative press as of late, particularly around suggested low user activity across certain platforms, such as Decentraland and Meta — reports which they have refuted. DappRadar noted in an Oct. 20 report that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55% compared to …

The International Criminal Police Organization (Interpol) is putting on its virtual reality headsets as it prepares to crack down on an expanding list of “possible crimes” in the Metaverse. According to an Oct. 20 announcement, Interpol has launched the “first ever Metaverse specifically designed for law enforcement worldwide” — introducing it at the 90th Interpol General Assembly in New Delhi — already fully operational. Interpol outlined that a key driver behind its jump into the metaverse is due to bad actors already leveraging the tech to conduct crimes, while public adoption rates are likely to significantly increase over the next …

It's been a seismic couple of years for the gaming industry. NFTs are playing an increasingly bigger role in new titles as studios experiment with blockchain technology. But this isn't an innovation that has been met without controversy. Here, Catheon Gaming's head of business development Philippe Ho tells us about the biggest obstacles standing in the way of wider adoption — and why careful consideration is required before digital assets are integrated into games. 1. Hello! Tell us about Catheon Gaming. Catheon Gaming is one of the fastest-growing blockchain gaming and entertainment ecosystems. We are a fully end-to-end platform that …

GameFi is one of the hottest buzzwords in crypto right now — but winning over players has proven to be a bit challenging. Today, most GameFi projects use the play-to-earn (P2E) model, which focuses primarily on earnings and doesn't pay attention to what matters most: fun features that attract and retain gamers. Some projects have been criticized for offering low-quality gameplay, punctuated by janky graphics and difficult-to-understand controls. But this project says it has the answers — and has the potential to deliver an immersive product that the crypto community has been waiting for. Artyfact is the first Web3 gaming …

Consumers in India are getting more options for a digital shopping experience as major local e-commerce platforms increasingly experiment with blockchain and metaverse. Indian shoppers can try out products from brands like Puma and Nivea in the gamified, interactive metaverse. That is thanks to local e-commerce giant Flipkart launching a metaverse space for consumers to discover products in a photorealistic virtual destination and shop. Flipkart officially announced the launch of Flipverse on Oct. 17, aiming to bridge the best of the online and offline shopping experience. Developed in collaboration with Polygon-incubated organization eDAO, Flipverse allows shoppers to create a metaverse …

Dormant Punks Nonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to the Twitter user Nansen Intern from the analytics platform the wallet is now valued at 11,300 ETH, or around $14.7 million at current prices. The wallet has shown no activity since then leading to speculation the owner lost the seed phrase. The wallet is placed in the top ten in terms of CryptoPunks holders and many collectors are reportedly monitoring it in hopes of snapping up …