A recent survey found that the metaverse would be the most preferred place to purchase, trade and exchange cryptocurrency. In addition, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.”
Survey: Meta Will be the Most Recommendable Place to Buy Crypto
A survey was conducted by Agora (NASDAQ : API) a Nasdaq listed video, voice and interactive streaming platform. The results were published Tuesday.
The company asked 300 U.S.-based developers a set of questions “to learn more about what they thought about the metaverse and what we will see in the coming years,” Agora detailed. Developers were surveyed because for them, “the growth of the metaverse allows the development of new communities and allows them to better connect with users,” the company explained.
These are the findings:
Respondents believe that the metaverse is the best place to store, trade, and buy cryptocurrency. 18% agree and 25% are neutral.
In addition, 70% agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse,” while 9% disagreed.
Regarding non-fungible tokens (NFTs), “The majority of developers are bullish on NFTs and believe they will become the biggest [currency] in the near team,” the survey results note.
Participants were also asked to name their opinion on who will control the metaverse. 55% claimed Meta (formerly Facebook), while 9% stated Google and 7% indicated Microsoft. 6% suggested Apple. 5% mentioned Amazon.
Meta filed recently eight trademark applications that covered the metaverse, as well as many other crypto services.
Numerous analysts have calculated how large the metaverse is. Citi forecasted last month that the metaverse would be worth $13 trillion and have five billion users by 2030. Morgan Stanley and Goldman Sachs both predicted that the metaverse would be an $8 trillion investment opportunity.
In February, JPMorgan opened a lounge in Decentraland after stating that “The metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues.”
Are you convinced that the Metaverse will become the best place to store, buy and sell cryptocurrencies? Please let us know your thoughts in the comment section.
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