The Metaverse Land Rush Is an Illusion

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The Metaverse Land Rush Is an Illusion
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  • 📰 WIREDBusiness
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  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 68%

The “real estate of the future” is plagued by buggy software, empty servers, and huge opportunities for abuse.

that sold for nearly $2.5 million is just south of the empty storefronts, and it is entirely barren. For all intents and purposes, it’s a ghost town.stores elsewhere in Decentraland, but only by a loose definition of the word. Several galleries show off NFT artwork—including—where you can walk up to a piece and click on it. However, you can’t buy it within Decentraland itself.

Even if Decentraland could attract luxury fashion brands to build storefronts in its virtual world, those storefronts are only useful if there are users to sell to. But it’s hard to get a true sense of how many people are active in Decentraland. A tracker thatat any given time rarely showed a concurrent population much higher than around 1,600 people during the several days I spent inside. However, the game doesn’t boot players who idle for too long.

A basic profanity filter censors certain swear words in chat and display names , but users can also pay to mint NFTs to get a unique avatar name without the need for the extra “#1234” tags at the end.

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