Latest Decentraland News
Decentraland announced an upgrade to its marketplace, enhancing navigation for better discoverability across primary and secondary markets.
- Updated marketplace navigation for better user experience
- Improved discoverability across both primary and secondary markets
- Special callout feature to buy directly from creators still in minting process
Decentraland, one of the leading metaverses, rolled out significant updates to its NFT marketplace. The overhaul aims to improve user experience and enhance discoverability across both primary and secondary markets.
The key update is a restructured navigation system that allows users to more efficiently explore and engage with the various offerings within the marketplace. Whether they're seeking out new minted assets or looking for secondary sales, users can now navigate the platform with ease and precision.
Additionally, the upgrade introduces a special callout feature that highlights creators still in the process of minting new items. This unique spotlight allows users to support and directly purchase from these creators, bolstering the creative community within Decentraland.
🎬 Take Action
Explore the newly revamped marketplace and discover unique digital assets while supporting creators directly in the minting process at Decentraland's Marketplace.
Decentraland's recent Metaverse Fashion Week attendance experienced a 76% year-over-year decline, per a report today from The Block.
- The number of unique attendees at Decentraland's Fashion Week fell to 26,000 from 108,000 last year (a sharp year-over-year decline of 76%).
- Barely more than 1,000 people were online at the same time during the four-day event.
- Current weekly trading volumes for land NFTs are only around $50,000 a week.
Decentraland's recent virtual fashion week saw a significant decline in attendees, with only 26,000 unique attendees at this year's Metaverse Fashion Week compared to the 108,000 attendees at last year's event. And although the most recognizable brands like Adidas, Dolce & Gabbana, and Tommy Hilfiger sponsored shows, "a Decentraland spokesperson said the most people signed in at one time barely eclipsed 1,000 people."
Additionally, trading volumes for land NFTs within Decentraland have dropped to about $50,000 per week. These numbers are night and day compared to the "trading volumes that consistently exceeded $1 million per week through the end of 2021 and the beginning of 2022, according to The Block research."
❗ Why It Matters
The decline in attendance and trading volume in Decentraland indicates limited interest in metaverse platforms, at least at this time. CoinDesk's research concluded that the active population on Decentraland on an average day was only 810 in December 2022.
All is not doom and gloom for the future of metaverse platforms, however, as things will likely be different for Yuga's Otherside gaming platform - with Gucci entering a multi-year partnership with Yuga Labs last week. If anything, the poor attendance at Metaverse Fashion Week shows that there's still a disconnect between the types of consumers who use Decentraland and the types of consumers seeking out digital fashion events.
🎤 Community Quotes
damnnn @ this metaverse land floor price chart for Otherside, Sandbox Game and Decentraland. 😵💫— corporate trash ✨ (@corporatetrash1) April 5, 2023
tbf, it's in USD and projects can't help the price of $ETH, $SAND etc. but... ouch pic.twitter.com/0xMUckDje3
🕳️ Go Deeper
- Vogue Business - Metaverse Fashion Week: The hits and misses (March 29, 2022)
- CoinDesk News Analysis - The Final Word on Decentraland's Numbers (December 22, 2022)
- Decentraland Preps for Metaverse Fashion Week (February 28, 2023)
Decentraland announced the launch of the public SDK 7 Beta, with a focus on usability, performance, and portability.
Decentraland's SDK 7 Beta provides the following enhancements:
- A new UI based on FlexBox.
- Improved performance.
- Support of multiple button events, and more.
❗Why It Matters
Improving the complexity and customization of metaverse scenes will be necessary to bring even more users in. Decentraland is relying on its latest improvements to make the editing and creating experience more powerful, and easier for its users who ultimately can bring in additional users through the creation of powerful mini-games or scenes (similar to Minecraft or Roblox).
🎤 Platform Prose
In addition to improving the scene development process, SDK 7 should also make it easier to create any variety of alternative projects upon the Decentraland ecosystem, have a positive impact on performance, and pave the way for more robust and streamlined multiplayer functionality - to name just a few of its benefits!Decentraland
Decentraland has revealed its lineup for the upcoming Metaverse Fashion Week, as reported by Forbes.
❗ Why It Matters
A number of the biggest brands in fashion with be working with Decentraland to put their unique mark on the metaverse.
🔍 Need to Know
Here are the brands that have been confirmed to be participating in the event, which is scheduled to take place between March 28-31.
- Tommy Hilfiger: AI-generated fashion, plus a community competition judged by Mr. Hilfiger.
- Dundas: DRESSX wearables and UME avatars.
- Dolce & Gabbana: will feature winning designs from its digital design competition.
- DKNY: art gallery, pizzeria and rooftop lounge.
- adidas: will debut a "community focused experience bringing together owners of its Virtual Gear digital fashion collection."
- Alo Yoga: yoga and meditation sessions.
- MVFW: partnerships with DRESSX and The Fabricant.
- Altr: will stage a "culturally geared activation."
- COACH: collabs with web3 artists.
- Clarks: "Clarks Arcade" nostalgic activities.
- Gaian: digital store.
- Diesel & HAPE: interactive party with wearable NFT airdrops.
This year, we are incredibly honored to continue the legacy of Metaverse Fashion Week. We are seeing the return of many luxury fashion houses, and also the emergence and elevation of digitally native fashion. We are excited to see some of the world's greatest fashion minds engaging in the future of fashion, and what it can mean for their communities.Dr. Giovanna Graziosi Casimiro
Are you ready for the wedding? Tomorrow in Decentraland, there is a real wedding taking place inside the Taco Bell venue, according to a tweet from Decentraland.
❗Why It Matters
The wedding likely has no impact on Decentraland prices or the metaverse's future, but it's refreshing to find a web3 story that isn't focused on frenzied speculation. Plus, Taco Bell - a company that has been active in web3 - is sponsoring the event, coordinating an official calendar entry on the Decentraland events page.
The wedding will take place at 3:00 a.m. ET.
🎤 Community Quotes
Decentraland announced that it is running an emote contest for its upcoming Metaverse Music Festival according to a recent tweet.
Users will submit their emote for the contest from Decentraland via the Decentraland website for a chance to win their emote being the official emote of the Metaverse Music Festival.
The winner will also win 800 $MANA and those who finish in the top 10 will receive 600 $MANA.
Below are the official rules for the contest posted by Decentraland.
- Emotes must already be approved and published in the DCL marketplace by the contest deadline to qualify.
- Emotes must be dancing/music festival-related.
- Entrants may submit no more than 3 Emotes and may only claim one prize.
- By submitting an Emote in the competition Entrants give the Decentraland Foundation permission to use depictions of their Emotes in marketing materials and share them on social media.
- MANA prizes will only be deposited into the Creator’s wallet address linked to the Emote in the Marketplace.
- Submissions will only be accepted if they are sent in via the official contest application form before the deadline of October 31, 2022 7AM UTC.
In a tweet this afternoon, notable virtual world project The Sandbox shared its recent growth metrics, which are significantly higher than data that has been shared recently in the crypto and NFT space.
📢 Our ALPHA Season 3 growing metrics 👇— The Sandbox (@TheSandboxGame) October 10, 2022
🔹Daily Users: 39K
🔹Monthly users: 201K
🔹Total Wallets: 4.1M
🔹LAND Owners: 22,267
🔹$SAND staking: 128M SAND
🔹Website 30d Users: 1.6M
🔹Number of chat messages: 4.1M
🔹KYC users: 113K
🔹Hours played: 1.6M#SandboxAlphaS3
Among other key metrics, The Sandbox is noting 39,000 daily active users ("DAUs") for their metaverse, 1.6 million website users on the month and 1.6 million hours played.
These metrics from The Sandbox are likely in response to some data from DappRadar which was circulated over the weekend, stating that virtual world Decentraland had just 38 DAUs and The Sandbox had just 522. These DAU metrics were then compared to the projects' market caps (~$1.3 billion each), essentially mocking the imbalance.
This led Decentraland to fight back as well, sharing their own data on Friday:
Let's have a look at some of September's data:— Decentraland (@decentraland) October 7, 2022
1,074 Users interacting with smart contracts
1,732 minted Emotes
6,315 sold Wearables
300 Creators received royalties
161 created Community Events
148 DAO Proposals
The exchange from both metaverse projects has put some scrutiny on DappRadar, leading the DappRadar CEO to respond to the Decentraland post explaining that their data stems from users who make "on-chain transactions." The DappRadar CEO went on to acknowledge Decentraland's note and soften their stance.
"Having said that, we understand on-chain is not telling the complete story for every dapp, that's something we are actively working on," CEO Skirmantas Januškas said. "The future is a combination of on- and off-chain data."
Clearly data can be used to create narratives in many ways, and as always, it's best to DYOR (do your own research).
Decentraland announced that its Metaverse Music Festival will take place from November 10, 2022 - November 13, 2022, in a recent tweet.
Save the dates📅— Decentraland (@decentraland) October 8, 2022
Metaverse Music Festival 2022 comes to #Decentraland November 10-13, and it's going to be a weekend to remember!🤘
Who do you want to see perform at #MVMF22?👀
RSVP here👇https://t.co/ZK1Jg2sdkA pic.twitter.com/8jHZBZsqAl
Users who wish to attend the event can RSVP through the official website. The event is free to attend and does not require a VR headset.
There are currently no available details on this year's performers. Lucky Trader will cover the story as new information unveils.
Decentraland, a decentralized metaverse, announced it will be running its Metaverse Music Festival again in 2022 in a recent post.
While the details for the upcoming festival will be released soon according to the team, it is worth noting that the first festival had performances from artists such as Deadmau5, 3LAU, Paris Hilton, and FEWOCiOUS.
The festival lasted four days and had more than 80 artists perform with more than 11,000 NFTs being given out during the event and more than 50,000 POAPS. (Proof of Attendance Protocol)
Lucky Trader will be covering the details as they are announced for the upcoming Decentraland Metaverse Music Festival.
Multiple users have reported issues with loading avatars in Decentraland, according to a tweet from the project.
The team is aware of the issue and it is being investigated. No timetable was provided regarding a potential fix.
The issues come one day after the project asked users for community feedback regarding metaverse gameplay.