In contrast to richer nations, emerging economies have more than double the number of folks who believe the Metaverse would have a beneficial effect on the individual and that they would use it on a regular basis.
As per a survey undertaken by the World Economic Forum, interest in the Metaverse and virtual or augmented reality (VR/AR) is substantially higher in other countries than in developed nations (WEF).
The study’s report was released on May 25 by data firm Ipsos, demonstrating that the notion is now universally acknowledged: 52 percent of more than 21,000 survey respondents across 29 countries are acquainted with the Metaverse, and 50 percent have good emotions about having to engage with it in everyday life.
China, India, Peru, Saudi Arabia, and Colombia were the top five nations with at least two-thirds of exchanged good views about them.
China had the most positive emotions about using a metaverse on a regular basis, with 78 percent, followed by India with 75 percent.
The states with the lowest scores, with much less than one-third of participants favourable towards the Metaverse, also had the highest wages.
Japan ranked the lowest, with only 22% expressing good feelings, trailed by the United Kingdom (26%), Belgium (30%), Canada (30%), France (31%), and Germany (31%). (31 percent).
Surprisingly, the notion was less well-known in high-income nations as well, with less than 30% in France, Belgium, and Germany.
Turkey had the highest level of familiarity with the Metaverse, at 86 percent, followed by India (80 percent), China (73 percent), and South Korea, a more income-based nation (71 percent). With a rating of 27%, Poland came in last.
Participants were also polled on which aspects of their lives they believed the Metaverse would have the greatest influence. South Africa, China, and India concurred that digital literacy, amusement, digital socializing, and even technologies like advanced robotics would have a significant influence on society.
Participants with a higher income level were once again the majority. The poorest proportions of respondents who felt that Metaverse apps would severely affect a person’s life were found in Japan, Belgium, and France.
As per an April research from crypto trading Gemini, half of the participants in India, Brazil, and the Asia Pacific area bought their initial coin in 2021, indicating that emerging economies are more passionate about cryptocurrencies and blockchain in general.
The paper argued that inflationary pressures and depreciation are the driving forces behind cryptocurrency growth in such places, claiming that inhabitants of nations with 50% or more exchange rates were 5 times more likely to intend to buy crypto than inhabitants of nations with less hyperinflation.
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