DappRadar: the largest number of DAUs on Decentraland was 675 and on The Sandbox was ~4,503; Messari: Decentraland and The Sandbox have market caps of ~$1.3B (Cameron Thompson/CoinDesk)

Hannah Miller / Bloomberg:
Animoca Brands co-founder Yat Siu rejects a report that The Sandbox has 500 DAUs, saying the virtual world has over 200,000 MAUs  —  The Sandbox, a virtual world based on blockchain, is doing just fine despite a report that the platform only had around 500 daily active users, according to Yat Siu …

As students head back into classrooms this fall, some schools are already using the metaverse for teaching and learning. Yet, according to Jaime Donally, engagement director at Identity Automation and a former EdTech K–12 influencer, the metaverse doesn’t exist — at least, not to its full potential.
“There are elements of the metaverse that are happening, but the metaverse itself is not open-ended like the metaverse will need to be,” Donally says. “Immersive experiences layering augmented reality information have been increasing, but it doesn’t mean that the metaverse exists today.”
As school…

Dean Takahashi / VentureBeat:
Nvidia unveils its first SaaS and IaaS offering, Omniverse Cloud, a services suite for artists, developers, and enterprise teams to build and run metaverse apps  —  Nvidia today announced its first software- and infrastructure-as-a-service offering — Nvidia Omniverse Cloud …

Nelson Wang / CoinDesk:
Genesis’ crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected  —  The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

Alex Barinka / Bloomberg:
Meta reports Instagram reached ~2B MAUs globally, up from 1B in 2018, and WhatsApp reached 2B+ DAUs  —  Meta Platforms Inc.’s Instagram now has 2 billion monthly active users worldwide, closing in on the 2.96 billion who use Facebook, in a sign of the social media giant’s shifting makeup.