Metaverse Poised to Become Most Popular Way to Buy and Sell Crypto
According to a new study by API provider Agora, most developers recognize the importance of the metaverse despite having certain reservations: “Depending on who you ask, the metaverse is everything and nothing. A place where everyone is already meeting to work, live and play out their lives digitally. Or a place that really does not even exist yet. Either way, it is a place of fascination for technophiles and technophobes alike.”
The company carried out a comprehensive survey on the future of the metaverse, surveying 300 developers. The questions covered areas like privacy, ownership, growth, currency, and crypto.
The results show that 33% of the respondents consider data privacy and security to be the biggest hurdle for the metaverse to overcome, followed by ecosystem interoperability, disinformation and hate speech, and community building. At the same time, 57% of those surveyed are optimistic about the metaverse’s potential to become a go-to source for trading crypto. The respondents also expressed their opinion on nonfungible tokens, with 53% agreeing that they will become the biggest form of currency in the metaverse. Only 24% disagreed with the statement. As per the survey, 70% of the respondents agreed that advancements within the blockchain and crypto sphere will be “critical to shaping the future of the metaverse.” Meanwhile, 72% believe that real-time engagement will be crucial for creating a “connected experience” within the metaverse. Finally, 55% of the participants believe that the metaverse will replace real-life social interactions soon.
We went outside of Agora and spoke to 300 US-based developers to learn more about what they thought about the metaverse and what we will see in the coming years. Why developers, you ask? For developers, the growth of the metaverse allows the development of new communities and allows them to better connect with users,explains the provider.