The metaverse has arrived. And as more companies and developers focus on building these digital worlds, the team at crypto education site CoinKickoff decided to investigate. What do people around the world think about this new technology?
Are they excited about the possibilities the Metaverse offers, or are they more concerned about the impact it will have on society and our lives?
Find answers to these questions in the infographic below.
But before that, let’s dive into the metaverse.
What is the Metaverse?
The “metaverse” is often virtual reality (VR) or augmented reality (AR) technology.
In this vision of the future, people will experience a fully realized digital world with its own economy, society and culture. The idea of the Metaverse has been popularized by science fiction and has become the focus of many tech companies and futurists.
However, metaverse implementations are still in their early stages and are currently limited to isolated virtual environments or platforms.
Are there different versions of the metaverse?
yes! Big tech companies, start-ups and computer game his designers are working on their own version of the Metaverse. However, the two platforms stand out for their sophistication, scale, and ease of use. they are:
Metaverse of Meta
Meta (formerly Facebook) is building a decentralized shared metaverse powered by the Ethereum blockchain. Meta’s metaverse allows users to create and manipulate virtual environments, digital assets, and other users in a secure and decentralized manner. The platform allows users to create their own digital content such as avatars, digital real estate and virtual experiences. You can also trade these digital assets with each other.
Decentraland
Decentraland is another metaverse platform on the Ethereum blockchain. It allows users to create, experience and monetize content and applications in virtual worlds. Decentraland is a decentralized, user-owned virtual world that offers users unique experiences, including the ability to buy, sell, and create digital assets such as virtual properties, clothing, and in-game items. It also allows users to interact with each other and participate in various virtual experiences and games.
How many people are using the metaverse?
The metaverse is still a developing field, so finding accurate data and predictions can be difficult. However, here are some statistics and projections that demonstrate the potential growth and impact of the metaverse.
According to a Statista report, the global virtual reality (VR) market will reach $19.5 billion by 2023. The Metaverse is the growth of the VR market and the augmented reality (AR)
Some reports predict that the number of Metaverse users could reach hundreds of millions or even billions in the future.
The economic impact of the metaverse is expected to be significant, with some reports estimating that the metaverse could become a multi-billion dollar industry. This includes revenue generated from sales of virtual real estate, digital goods and services, and advertising.
virtual real estate? are you serious?
Yes, that’s right – virtual real estate. Virtual real estate will become a major component of the Metaverse economy, with some analysts suggesting that the value of virtual real estate could reach hundreds of billions of dollars by 2030.
Sounds crazy, right? However, large-scale virtual land deals are taking place all the time. In November 2021, metaverse investment firm Republic Realm purchased land in The Sandbox metaverse for his $4.3 million.
Will the Metaverse replace real life?
Probably not! The Metaverse has the potential to offer new and unique experiences and opportunities. Still, it’s far from replacing real-life human interaction and the richness and complexity of the physical world.
Aren’t you trapped in the Matrix?
Again, it’s highly doubtful.
The idea of a fully realized Metaverse is interesting, but the technology and our understanding of the human brain and consciousness are still in their infancy. As such, it is not possible to create a fully convincing simulated reality immediately. In fact, some experts believe that “reality” can never be fully recreated.
Should the Metaverse have its own laws?
Very interesting question! The idea of simulated reality raises many complex ethical and philosophical questions regarding the nature of reality, consciousness and free will.
At this time, it is unclear how these questions will be addressed in actual implementations of the Metaverse or simulated reality. It’s a problem.
Are people ready for the metaverse?
That’s what this latest research from CoinKickoff is all about.
To see which countries and states in the US are most interested in the metaverse, CoinKickoff researchers analyzed 1.6 million tweets and data gleaned from the 19 most widely used metaverses. bottom.
We also looked at Google search volumes for keywords related to the metaverse in 192 countries.
Which countries are most interested in the Metaverse?
Tech enthusiasts in the Philippines can’t wait to see what the Metaverse has to offer. CoinKickoff researchers found 2,421 of his Metaverse-related Google searches per 1,000 residents. This is the highest percentage of searches worldwide.
Grenada comes next, with 1,472 searches per 1,000 people, followed by Peru (1,375), Lithuania (1,371), and Estonia (1,349).
Vietnam has always been home to early adopters of technology, which explains their positive sentiment towards the Metaverse. Nearly six of his 10 Metaverse-related tweets geotagged in Vietnam said something positive or inspiring about exploring the digital world.
Where do people hate the metaverse?
According to CoinKickoff data, Ireland is the most anti-Metaverse country in the world. Her 14.4% of related tweets sent within Emerald Island contained negative sentiment.
There is a lot of skepticism about the metaverse in Scandinavia. Denmark, Norway, and Sweden are all on the list of top 10 countries that hate the metaverse.
Other participants include New Zealand, Brazil, UK and US.
Metaverse sentiment in the US
Silicon Valley is a hotbed of metaverse innovation. Dozens of companies in and around Palo Alto are working on the Metaverse project.
For example, Facebook is developing Horizon, a social metaverse aimed at connecting people through shared experiences. At the same time, Unity Technologies is working on creating a unique metaverse environment for computer games.
So it’s no surprise that California is one of the states driving the metaverse the most in the US. Over 37% of his related tweets tagged in-state said great things about the metaverse. Only Florida, Utah, Hawaii and Wyoming received higher scores.
People in North Dakota seem happy with the real world for now. Roughrider State Metaverse More than one-fifth of his tweets (21%) were analyzed as negative by CoinKickoff’s research team.
No one knows what the metaverse will look like. But one thing is certain. It will be a very interesting place.
For more information, check out the infographic below.
READ NEXT: Gaming apps will earn $267 billion in 2022 alone
