Metaverse News

Decentraland Metaverse Music Festival To Be Held In November

Decentraland has announced the second of its massively successful Metaverse Music Festival initiative. From November 10-13, Metaverse is gearing up to hold a 4-day music festival featuring some of the best talent in Web3 music. Everyone can participate in the event free of charge. Also, the event does not require tickets or VR glasses.

Decentraland Metaverse Music Festival!

Decentraland Metaverse Music Festival To Be Held In November
Decentraland Metaverse Music Festival To Be Held In November

Last year Decentraland’s Metaverse Music Festival (MVMF) brought together some Web3 superstars. By doing this, he gave the audience an unforgettable experience. Also, the performances of Web3 talents such as 3Lau, Alison Wonderland, Deadmau5 and Paris Hilton who graced the Meta stage were highly appreciated. The festival went beyond musical performances, featuring airdrops, POAPs, giveaways, virtual fashion and more. The first release of the festival has been noted as one of Metaverse’s most comprehensive Metaverse experiences.

This year Decentraland aims even higher. Although the official lineup has not been announced yet, it has been announced that the event will be a weekend to remember. Also, according to their description, the event will be the right place for anything related to Web3 and music . With all the upgrades and innovations they’ve made over the past year, Decentraland awaits the greatest experience ever to happen.

Decentraland Has Been Dealing With Active User Problems Lately!

DappRadar tracking statistics revealed that Decentraland had only 42 active users in the last 24 hours. Decentraland, however, dismissed the figures as false information. He also explained that they offer their own statistics and data, which backs up a larger number of users for accurate information.

The data from DappRadar stunned everyone. It has also raised concerns in companies looking to invest in the Decentraland Metaverse. Combining NFTs, virtual terrain, and Metaverse technology, the Metaverse company is valued at over $1 billion. But if the statistics are correct, these valuations are in danger. In particular, active users are known to spend in-game using Decentraland’s cryptocurrency MANA. This low user count has determined that very few of these transactions occur. This indicates a great danger for the future of the project.

Decentraland has denied these low user claims. In a tweet, Decentraland clarified on the controversy surrounding the number of active daily users. “There has been a lot of misinformation about the number of active users of Decentraland lately,” the statement said . Also, some websites only comment by tracking certain smart contract transactions. However, this is incorrect data’ was written.

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