Is Metaverse The Future?

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Yes, say nearly 60% of survey takers who believe that the Metaverse is sure to be the next big thing. In a survey conducted by Agora, an interactive platform that provides engagement for its users through audio, video and live streaming analytics, it is found that 57% of pollees think that Metaverse will become the most favored place for people’s crypto trading activities. Although 18% of respondents do disagree with this fact, there is no doubt that Meta is creeping into majority of industries and making a mark for itself.

Among them, 25% feel neutral about how big the Metaverse could actually be. Beside the Metaverse, majority of poll-takers do admit that blockchain based token economics will be integral to the “future of the Metaverse”. 70% agree with this, while only 9% disagreed.  As to who they think will reign over Web3, 55% said it may be Meta, while 27% said other tech giants will be the ones with absolute control. About 9% said Google, 5% said Amazon and nearly 7% said Microsoft.

The survey mostly targeted developers as they are the ones who work actively to develop and promote Meta’s virtualized platform. With Metaverse being predicted as a trillion-dollar industrial opportunity, more businesses seem to be expanding their services to the virtual community as they all believe that the future lies in Web 3.0. For now, companies majorly use Meta to promote their services virtually but this could potentially change as the existence of an increased number of virtual platforms seem to be paving the way to Web3 alongside Meta.

Now, Meta may have coined the term “Metaverse”, which seems to be the only thing people claim comprises of the Web3. Contrary to popular belief, that is simply not true. The Web3 consists of several crypto and other decentralized apps besides Metaverse projects. Meta may be the known pioneer to everything virtual and beyond, but it will have some serious competition for sure. As the world prepares to shift it’s business and economy to the virtual world, more companies are coming up with blockchain-based platforms that allow industrial marketplaces to become a part of the digitalized world.