Fashion Week attendance in Decentraland dropped to 26,000 from a peak of 108,000, with nearly 1,000 people online simultaneously during the four-day event.
Last year, Decentraland “haveunique participants” 108,000 people, but this year the company says only 26,000 people are participating. which is a huge 76% drop, with the event running from March 28 to March 31, despite the presence of leading brands such as Dolce & Gabbana, Tommy. Hilfiger and adidas sponsored all shows.
Dr. Giovana Graziosi Casimiro, Head of Metaverse Fashion Week, said: But we have tens of thousands of new metaverse visitors.” “For the second Metaverse Fashion Week, we believe we have improved the experience from last year.”
The total number of Decentraland landowners is also declining. According to Kay, most NFT projects have a minimum of 30% unique holders (personal wallets owning NFT tokens), but in the case of Decentraland out of all 98,000 NFT lands it has. Instead, only 8% are unique holders. That means about 7,800 others own all the land on the platform.
“This is likely a result of massive whale or other hoarding,” Kay said, pointing out that Decentraland still owns about 67,000 plots of land.
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