Metaverse Decentraland: the virtual music festival does not help the project to recover

Metaverse Decentraland and Exchange Kraken are hosting a virtual music festival with over 200 artists on over 15 stages. This festival, which will be spread over four days, does not seem to attract Decentralland users.

What better way to indulge yourself at this time bear market a good music festival within the decentraland metaverse? Artists from all over the world, a festive atmosphere and many other surprises… All without leaving the comfort of your sofa.

Imagine a festival free with over 200 artists from around the world including Björk, Ozzy Osbourne, Motörhead, Soulja Boy, Atarashii Gakko!, Dillon Francis, Breland, Izzy Bizu, Vladimir Cauchemar and many more on over 15 stages. This is what Decentraland and Kraken promise.

baptized #DCLMVMF22, the music festival in Decentraland, which started on November 10, will end on Sunday. On the program: music, innovation, culture and creativity.

spring : Decentraland.org

Decentraland Music Festival: When the Metaverse Meets the Real World

Launched in 2020, Decentraland is a 100% virtual world based on blockchain Ethereum. Decentraland, which prides itself as the world’s first decentralized metaverse, recently fully hosted a free.

In addition to being accessible to everyone, the metaverse festival does not require a ticket or a VR headset. However, you must register at this connection to be able to participate.

Decentraland has partnered with crypto exchange Kraken to host the festival. The program of events and activities is available at official website of the event.

decentralized and mana
spring

some Makeincluding Lime wire and the music festival Ozzfest by Ozzy Osbourne, sponsor certain scenes and create their own experiences in the metaverse. The list also includes international DJs such as Gramatik, Yokoo, Arapu and Plastik Funk.

Ozzfest will offer VIP access and free clothing to attendees NFT CryptoBatz of Osbourne. They will also be able to “take a potion”, turn into a bat and fly to a private balcony to get a closer look at the concerts.

Here is an overview of the program of Ozzfest, the famous metal music festival started by the couple Ozzy and Sharon Osbourne:

spring : Stage Ozzfest

How to participate in the Decentraland festival?

As mentioned above, you must first register to participate in the event. Decentraland recommends its use desktop client to enjoy a faster and more stable connection and watch videos/images better.

On his official blog, the metaverse project has shown :

“A lot will happen during the festival, the experience will go beyond the virtual. If you’re new to Decentraland, here’s a quick guide to the festival schedule here“.

Once registered, you can go from one scene to another with just a few clicks.

Iara Diasthe producer of the Decentraland music festival, pointed out that “the event aims to recreate some of the aspects of real-life music festivals by taking advantage of the possibilities offered by the metaverse”.

“We want people to be fascinated by the festival. We can push the limits of physics while staying safe,” she added.

Decentraland also shared a tweet detailing the schedule and goals of the festival.

The first edition of the Decentraland music festival, which took place last year, hosted international stars including 3Lau, Alison Wonderland, Deadmau5 and Paris Hilton.

As BeInCrypto reported, 50,000 people attended the first edition of Decentraland’s music festival. Is the event as successful this year?

A festival without an audience?

In an article published on October 21, the Metaverse Decentraland team said: “Despite the economic uncertainty currently facing the markets, interest in metaverse platforms continues to grow.”

As of May, Decentraland averages 800 unique active wallets per day.

As this shows graph by DappRadar, this number currently stands at 645.

spring : Dapp Radar

However, the English edition of BeInCrypto reported Last month the daily number of active wallets dropped to 380 in the second week of October, suggesting that participation in the Decentraland music festival may not be very high.

We also note that Decentraland doesn’t make much noise within the crypto sphere. Despite the increase in the number of Decentraland hashtags on social media over the past three days, the social engagement doesn’t seem to be there.

Decentraland
spring : Lunar Crush

The question is: Where are the Decentraland users?

While the music festival may have failed to spark user interest, the metaverse lands are still growing. Despite the current circumstances of the crypto market, virtual courts always attracts investors.

As shown in graph below, Decentraland’s metaverse land sales have increased significantly.

virtual parcel
spring : The open sea

In shop The open seaDecentraland rose to Third place of the ranking of the most traded NFT collections.

Furthermore, a virtual land NFT in the Decentraland metaverse was recently sold for $3,818 (5,980 MANA), which is 1.70 times the current floor price. Metaverse currently offers more than 97,000 plots of land, each measuring nearly 5 m2.

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