A study of 1,000 people in the United States about the growing interest in the metaverse yielded some fascinating results. 93 % of respondents indicated they would spend more time playing games if they could earn the minimum wage.
According to a survey conducted by Advokate Group, a producer of nonfungible tokens and metaverse infrastructure, 87 percent of respondents favoured a decentralized metaverse on a blockchain over some of the big projects planned by IT giants.
This was amplified when 77 percent of respondents expressed anxiety about Facebook’s entry into the metaverse, especially since the company owns users’ metaverse data.
Facebook’s soiled history of mishandling private user data has already derailed its efforts to launch Diem, a stablecoin. The stablecoin project was subjected to intense examination by the US Congress, and it eventually came to a halt. Concerns about Facebook’s multibillion-dollar metaverse ambitions have also begun to grow.
In terms of when the metaverse could become popular, the study respondents were split: 20% believe it would take 1–2 years, while 49% believe it will take up to 3–6 years.
Gaming (Play to earn) in the Metaverse
Gaming was the most popular way to pass the time in the metaverse, followed by socializing. In the metaverse, 55% of respondents indicated they would spend more than three hours every day.
The majority of respondents also expressed a strong desire to earn money while playing games. With the latest craze being play-to-earn models, 93 percent of respondents indicated they would spend more time playing games if they could earn the minimum wage.
If they could make actual money, 64 percent said they would spend more than three hours, and 87 percent said they would go full-time gaming if the income was high.
Metaverse as a concept just gained traction in 2021, and now every major tech company, including Apple, Facebook, and Google, is planning to launch or invest in it.
However, a sizable number of crypto supporters are opposed to the admission of centralized cash-rich corporations, believing that the concept of decentralization would suffer as a result.
