At the moment, little seems to be left of the hype surrounding the Metaverse, which was triggered at the latest by Facebook's renaming to Meta October 2021.
User numbers on the largest blockchain-based Metaverse platforms by market cap, Decentraland , Axie Infinity and The Sandbox , have been declining for months, according to Dappradar.
Meanwhile, Meta's multi-billion dollar project is causing laughter on social media with graphically questionable selfies by Mark Zuckerberg . Ethereum boss Vitalik Buterin also sees little potential in the project .
“I think the Metaverse is more of a concept than a reality right now,”
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