According to a survey, the metaverse will be the most popular place in which to trade, buy and sell cryptocurrency. A recent survey found that 70% of respondents agree that cryptocurrency technology and advancements in blockchain technology will make a significant impact on the future of the metaverse strong.
Survey: Meta will be the most popular place for crypto
The Agora, a live, interactive streaming and video platform that is listed on Nasdaq, published its results Tuesday.
Agora explained that 300 developers from the U.S. were asked a series of questions to “enquire more about their views on the metaverse” and what the future holds. The company explained that developers were asked to answer questions because they believe the growth of the metaverse will allow for the development of new communities, and better connect with users.
These are the results
57% believe that the metaverse is the best place to store, trade, and buy cryptocurrency. 18% disagree, and 25% are neutral.
A majority of respondents agreed that cryptocurrency and the advancements in blockchain technology will be crucial to shaping the future metaverse. 9% disagreed.
The survey results indicate that non-fungible tokens, or NFTs, are being embraced by most developers. They believe that they will be the largest [currency] in the future.
Participants were also asked to name their opinion on who will control the metaverse. 55% of respondents responded with Meta (formerly Facebook), 9% answered with Google, 7% with Microsoft, 6% with Apple and 5% with Amazon.
Meta has recently filed eight trademark application covering the metaverse as well as a wide variety of crypto services.
Many analysts have calculated the size of this metaverse. Citi last month predicted the metaverse would be worth $13 trillion and have five billion users by 2030. Similarly, Morgan Stanley and Goldman Sachs both argued that the metaverse could offer $8 trillion in investment opportunities.
After declaring that the metaverse would likely infiltrate all sectors in the next years, JPMorgan opened the lounge in Decentraland in February. The market opportunity is estimated at $1 trillion annually.
