69% users bet metaverse entertainment will reshape social lifestyle: Data

Last twelvemonth the crypto and Web3 saw a dichotomy betwixt highly turbulent markets, yet high prospects for the future of the space. Both users and investors alike person continued to heap into the industry, particularly successful areas acrophobic with the metaverse.

A new survey from CoinWire, which surveyed implicit 10,000 investors successful the crypto abstraction successful December 2022, recovered that idiosyncratic sentiment towards the metaverse has digital world poised to power each areas of societal life. 69% of respondents person placed their stake connected the metaverse to reshape societal manner with a caller attack to entertainment, portion 65% believed successful metaverse's caller attack to societal activities.

Sentiments connected however it volition impact finances, concern and acquisition were besides precocious astatine 61.2%, 49.6% and 45%, respectively. Over the past 5 years, Microsoft secured 158 metaverse-related patents, overshadowing Big Tech firms specified arsenic Meta, Tencent and Epic Games.

As the metaverse continues to develop, it volition person the anticipation to interaction societal beingness successful a much tangible manner. For example, caller metaverse features that included interaction and odor were precocious revealed astatine the Consumer Electronics Show 2023.

Additionally, the survey pointed retired that implicit fractional (53%) of respondents who are invested successful the metaverse ain a signifier of cryptocurrency.

According to the survey, the United States comes successful the apical spot for metaverse innovation. However, China and India instrumentality the apical spots for affirmative sentiment toward regular metaverse use, 78% and 75%, respectively, arsenic shown above.

Related: An overview of the metaverse successful 2022

The study further revealed that portion astir 9 retired of 10 respondents person heard the word Web3, 52% clasp immoderate benignant of uncertainty arsenic to what it really entails erstwhile thing is termed “Web3.” 

In enactment with the uncertainty that galore investors feel, much than 60% said they privation much regulations applied to the industry. Over the past year, regulators crossed the globe began to follow and sermon caller rules for the industry.

Nonetheless, areas of Web3 similar the metaverse stay precocious connected the precedence database for galore countries. Recently the South Korean authorities opened up its aviator metaverse city to the public.

A study from McKinsey forecasted that the metaverse volition make a $5 trillion worth successful the adjacent 7 years.