Sébastien Borget is a big fan of Twitter. The boss of The Sandbox posts short videos there almost every day in which we see him and his avatar wandering around the metaverse he co-founded.

One minute, the Frenchman is at a concert. Another, he's jumping from building to building or walking through a shop... Each video is different, except that he's always quite alone. There are, at best, a handful of other avatars in his company 🙃

It's a fact, metavers like The Sandbox (owned by Animoca Brands), Decentraland or Axie Infinity are relatively little used.

One figure speaks for itself: according to DappRadar, there are on average fewer than 1,000 daily users on Decentraland and The Sandbox. A particularly low figure, especially when you consider the valuation of these companies. Based on its latest fundraising, The Sandbox is worth more than $3 billion!

This huge contrast has led some to say that these new virtual "eldorados" are just bubbles, and have no future.

But is this really the case? 🤔

As usual, things are (much) more complicated. We surveyed platforms, users, investors and businesses!