The metaverse can become the most popular place to shop for, sell, and trade cryptocurrency, in keeping with a recent survey. additionally, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.”
Survey: Metaverse Will Be the Most Popular Place for Crypto
Nasdaq-listed Agora (NASDAQ: API), a video, voice, and live interactive streaming platform, conducted a survey on the metaverse and revealed the results Tuesday.
The company asked 300 U.S.-based developers a group of questions “to learn a lot of concerning what they thought of the metaverse and what we'll see within the coming years,” Agora elaborate. Developers were surveyed because for them, “the growth of the metaverse permits the event of latest communities and permits them to raised connect with users,” the company explained.
According to the results:
57% of respondents think that the metaverse will become the most popular place to buy, store and trade cryptocurrency, while 18% disagree and 25% feel neutral.
In addition, 70% agreed that “cryptocurrency and blockchain technology advancements are vital to shaping the future of the metaverse,” whereas 9% disagreed.
Regarding non-fungible tokens (NFTs), “The majority of developers are bullish on NFTs and believe they will become the biggest [currency] within the close to team,” the survey results note.
Survey participants were also asked who they assume can own the metaverse. 55% of respondents said Meta (formerly Facebook), 9% said Google, 7% said Microsoft, 6% said Apple, and 5% said Amazon.
Meta recently filed eight trademark applications covering the metaverse and a good vary of crypto services.
A number of analysts have estimated the size of the metaverse. Last month, Citi predicted that the metaverse may be a $13 trillion opportunity with 5 billion users by the year 2030. Meanwhile, investment banks goldman Sachs and Morgan Stanley each said the metaverse could be an $8 trillion opportunity.
In Feb, JPMorgan opened a lounge in Decentraland when stating that “The metaverse can likely infiltrate each sector in a way within the coming back years, with the market chance calculable at over $1 trillion in yearly revenues.”
( Kevin Helms, Bitcoin.com, 2022 )