A survey of 1,000 United States consumers around growing interest in the metaverse has revealed some interesting results.
In a survey commissioned by nonfungible token and metaverse infrastructure provider Advokate Group, 87% of respondents preferred a decentralized metaverse on a blockchain over some of the mega projects planned by tech giants. This became more evident when 77% of the respondents shared concerns over Facebook’s entry into the metaverse, especially since it owns users' metaverse data.
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Facebook’s tainted past with mismanagement of private user data has already dismantled its early plans of launching a stablecoin called Diem. The stablecoin project faced heavy scrutiny from the U.S. Congress, and the project eventually came to a crashing end. A similar concern has started to grow around Facebook’s multi-billion-dollar metaverse aspirations.
The surveyed respondents were divided in terms of when metaverse could become mainstream, 20% of respondents believe it could take 1–2 years while 49% said it could take up to 3–6 years. Gaming was the primary choice of spending time in metaverse followed by socializing. 55% of the respondents said they would spend more than three hours a day in the metaverse.
Related: Tusk Ventures CEO: Don't repeat social media mistakes with Metaverse regulations
A majority of the respondents also showed a keen interest in making money while playing games. With play-to-earn models being the latest rage, 93% of the respondents said they would spend more time playing games if it could make for the minimum wage. Some 64% said they would spend more than three hours if they made real money and 87% would switch to full-time gaming if the pay was good.
Metaverse as a concept only became formidable in 2021 and now every major tech giant be it Apple, Facebook or Google is looking to launch or invest in the ecosystem. However, a significant chunk of crypto proponents is advocating against the entry of centralized cash-rich firms, as they believe the concept of decentralization would take a back seat.
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