The metaverse will become the most popular place to buy, sell, and trade cryptocurrency, according to a recent survey. In addition, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.”
Survey: Metaverse will be the most popular place for crypto
Nasdaq-listed Agora (NASDAQ: API), a live video, voice and interactive streaming platform, conducted a survey of the metaverse and released the results on 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.
According to the results:
57% of respondents think the metaverse will become the most popular place to buy, store and trade cryptocurrencies, while 18% disagree and 25% feel neutral.
In addition, 70% agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse,” while 9% disagreed.
When it comes to non-fungible tokens (NFTs), “The majority of developers are bullish on NFTs and believe they will become the biggest [currency] in the close team”, note the results of the survey.
Survey participants were also asked who they think will own the metaverse. 55% of respondents said Meta (formerly Facebook), 9% said Google, 7% said Microsoft, 6% said Apple, and 5% said Amazon.
Meta recently filed eight trademark applications covering the Metaverse and a wide range of crypto services.
A number of analysts have estimated the size of the metaverse. Last month, Citi predicted that the metaverse could be a $13 trillion opportunity with five billion users by the year 2030. Meanwhile, investment banks Goldman Sachs and Morgan Stanley both said the metaverse could be an $8 trillion opportunity.
In February, JPMorgan opened a lounge at Decentraland after stating that “the metaverse will likely seep into every industry in one way or another in the coming years, with an estimated market opportunity of more than 1 trillion dollars in annual revenue.
