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- The metaverse would be the most popular space for buying, selling and trading cryptocurrencies, a recent survey highlights.
- On asking which industries would benefit the most from the virtual world, they think gaming and entertainment will be at the top.
- The majority of respondents agreed that cryptocurrency and blockchain technology advancements would be vital in shaping the future of the metaverse.
Agora, the Nasdaq listed video, audio and live streaming platform, recently conducted a survey on the metaverse and has published the results.
The survey was conducted by asking questions to around 300 US-based developers, a set of questions regarding learning more about what they thought about the metaverse and what we will witness in the years to come.
Crypto and Blockchain to Shape the Metaverse
Agora highlighted that it asked these questions to developers because they think that the growth of the virtual realm facilitates the development of new communities and enables them to connect with the users better.
The results of the survey highlight that 57% of the respondents think that the metaverse will become the most popular place to buy, store and trade digital assets. Whereas 18% of them disagree, and the rest of them feel neutral.
Furthermore, 70% of them were optimistic about the new technology; they agreed that cryptocurrency and blockchain technology advancements would be vital in shaping the future of the metaverse, whereas 9% disagreed with this.
On asking which industries would benefit the most from the virtual world, they think gaming and entertainment will be at the top.
Some are also inclined towards the recently popular Non-Fungible Tokens (NFTs). The results highlight that the majority of developers are bullish on NFTs and believe they will become the largest in the near team.
On enquiring about whom they think will own the virtual world, among the repliers, 55% think it will be Meta, and 9% say it would be Google, 7% think it would be Microsoft, and 6% think it would be Apple and the rest think of Amazon positively.
A lot of entities are quite affirmative about the potential of the metaverse. For instance, a Citi report indicated late last month that the Metaverse market might have a valuation of $13 trillion by the year 2030.
Recently Avenged Sevenfold, the prominent band, highlighted its thoughts about entering the metaverse with The Sandbox.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
