Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse
Thursday, March 9, 2023
INVESTOR TIMES
  • Home
  • News
    ACS to build a battery plant for Panasonic in the U.S

    ACS to build a battery plant for Panasonic in the U.S

    Carvana could be on the verge of bankruptcy

    Carvana could be on the verge of bankruptcy

    Why did Tesla’s stock fall on Investor Day?

    Why did Tesla’s stock fall on Investor Day?

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    China’s economy improves and analysts see clarity on the horizon

    China’s economy improves and analysts see clarity on the horizon

    Virgin Media O2 owner buys Vodafone stake

    Virgin Media O2 owner buys Vodafone stake

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

    BASF joins layoffs in Europe and analyzes new horizons

    BASF joins layoffs in Europe and analyzes new horizons

    Air India signs the largest contract in aviation history with Airbus

    Air India signs the largest contract in aviation history with Airbus

  • Markets
    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

    Intel stock don’t look like the best bet

    Intel stock don’t look like the best bet

    Restaurant Brands appoints new CEO to drive its Burger King brand forward

    Restaurant Brands appoints new CEO to drive its Burger King brand forward

    Hoka One One breaks revenue records

    Hoka One One breaks revenue records

  • Investing
    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

    Gold investment price

    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

    The fall in Alibaba’s earnings softens

    The fall in Alibaba’s earnings softens

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    The biggest investment mistakes made by Warren Buffett

    The biggest investment mistakes made by Warren Buffett

    Which stocks are attractive for investing in IoT and robotics

    Which stocks are attractive for investing in IoT and robotics

    Mixed results for Uber Technologies in 2022

    Mixed results for Uber Technologies in 2022

    How To Start Stocks Trading From The Ground

    How To Start Stocks Trading From The Ground

  • Technology
    Tesla prepares a Model Y update: what we know about “Juniper”

    Tesla prepares a Model Y update: what we know about “Juniper”

    Li-Cycle to recycle lithium batteries in Rochester

    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

    ChatGPT’s Chinese competitor to be launched in March

    ChatGPT’s Chinese competitor to be launched in March

    Alphabet board confesses doubts about Bard

    Alphabet board confesses doubts about Bard

    Advantages and disadvantages of AI, according to Bill Gates

    Advantages and disadvantages of AI, according to Bill Gates

    AI investment fever replaces that of the metaverse

    AI investment fever replaces that of the metaverse

  • CryptocurrenciesTRENDING
    Forbes claims Binance is in trouble, Zhao denies it

    Forbes claims Binance is in trouble, Zhao denies it

    SEC reportedly preparing a battle against stablecoins

    SEC reportedly preparing a battle against stablecoins

    U.S. regulatory pressure on cryptomarket increases

    U.S. regulatory pressure on cryptomarket increases

    What is Crypto Staking and why is the SEC regulating these services?

    What is Crypto Staking and why is the SEC regulating these services?

    Shanghai: a glimpse of Ethereum’s next update

    Shanghai: a glimpse of Ethereum’s next update

    Manchester City token collapses for this reason

    Manchester City token collapses for this reason

    69% of investors believe metaverse entertainment will change social lifestyles

    69% of investors believe metaverse entertainment will change social lifestyles

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    The future of cryptocurrencies, according to Larry Fink

    The future of cryptocurrencies, according to Larry Fink

S&P 500 (USA) 
3.918.32  73.69  1.85%  
NASDAQ Composite (USA) 
11.338.35  237.65  2.05%  
Dow Jones (USA) 
32.254.86  543.54  1.66%  
FTSE 100 (United Kingdom) 
7.879.98  49.94  0.63%  
EURO STOXX 50 (Europe) 
4.286,12  2,33  0,00%  
Nikkei 225 
28.623.15  178.96  0.63%  
VIX 
22.61  3.50  18.32%  
Bitcoin (USD) 
20.335.83  1.655.45  7.53%  
Ethereum (USD) 
1.439.48  112.44  7.25%  
  • Home
  • News
    ACS to build a battery plant for Panasonic in the U.S

    ACS to build a battery plant for Panasonic in the U.S

    Carvana could be on the verge of bankruptcy

    Carvana could be on the verge of bankruptcy

    Why did Tesla’s stock fall on Investor Day?

    Why did Tesla’s stock fall on Investor Day?

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    China’s economy improves and analysts see clarity on the horizon

    China’s economy improves and analysts see clarity on the horizon

    Virgin Media O2 owner buys Vodafone stake

    Virgin Media O2 owner buys Vodafone stake

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

    BASF joins layoffs in Europe and analyzes new horizons

    BASF joins layoffs in Europe and analyzes new horizons

    Air India signs the largest contract in aviation history with Airbus

    Air India signs the largest contract in aviation history with Airbus

  • Markets
    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

    Intel stock don’t look like the best bet

    Intel stock don’t look like the best bet

    Restaurant Brands appoints new CEO to drive its Burger King brand forward

    Restaurant Brands appoints new CEO to drive its Burger King brand forward

    Hoka One One breaks revenue records

    Hoka One One breaks revenue records

  • Investing
    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

    Gold investment price

    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

    The fall in Alibaba’s earnings softens

    The fall in Alibaba’s earnings softens

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    The biggest investment mistakes made by Warren Buffett

    The biggest investment mistakes made by Warren Buffett

    Which stocks are attractive for investing in IoT and robotics

    Which stocks are attractive for investing in IoT and robotics

    Mixed results for Uber Technologies in 2022

    Mixed results for Uber Technologies in 2022

    How To Start Stocks Trading From The Ground

    How To Start Stocks Trading From The Ground

  • Technology
    Tesla prepares a Model Y update: what we know about “Juniper”

    Tesla prepares a Model Y update: what we know about “Juniper”

    Li-Cycle to recycle lithium batteries in Rochester

    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

    ChatGPT’s Chinese competitor to be launched in March

    ChatGPT’s Chinese competitor to be launched in March

    Alphabet board confesses doubts about Bard

    Alphabet board confesses doubts about Bard

    Advantages and disadvantages of AI, according to Bill Gates

    Advantages and disadvantages of AI, according to Bill Gates

    AI investment fever replaces that of the metaverse

    AI investment fever replaces that of the metaverse

  • CryptocurrenciesTRENDING
    Forbes claims Binance is in trouble, Zhao denies it

    Forbes claims Binance is in trouble, Zhao denies it

    SEC reportedly preparing a battle against stablecoins

    SEC reportedly preparing a battle against stablecoins

    U.S. regulatory pressure on cryptomarket increases

    U.S. regulatory pressure on cryptomarket increases

    What is Crypto Staking and why is the SEC regulating these services?

    What is Crypto Staking and why is the SEC regulating these services?

    Shanghai: a glimpse of Ethereum’s next update

    Shanghai: a glimpse of Ethereum’s next update

    Manchester City token collapses for this reason

    Manchester City token collapses for this reason

    69% of investors believe metaverse entertainment will change social lifestyles

    69% of investors believe metaverse entertainment will change social lifestyles

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    The future of cryptocurrencies, according to Larry Fink

    The future of cryptocurrencies, according to Larry Fink

INVESTOR TIMES
Home Cryptocurrencies

69% of investors believe metaverse entertainment will change social lifestyles

Santiago Contreras by Santiago Contreras
1/24/2023 - 12:28
in Cryptocurrencies, News
Reading Time: 3 mins read
Share on FacebookShare on TwitterShare on LinkedIn
  • The latest survey by CoinWire, the website specialized in the cryptocurrency market, revealed that the majority of industry users believe that the metaverse will reshape their social life and interactions.
  • 53% of the surveyed investors invest in the metaverse and own some form of cryptocurrency.

A CoinWire study involving more than 10,000 cryptocurrency investors from around the world found that there is a strong affinity towards the metaverse by users. It means that parallel universes could have a very marked influence on all areas of these people’s social lives.

The survey of the website specialized in cryptocurrency trading conducted in December, showed that 69% of the people surveyed bet on the metaverse as a way to reshape their social lifestyle, through a new approach to entertainment.

On the other hand, 65 % of the participants in the study considered that the new focus of the metaverse will be centered on social activities. Similarly, 61.2% felt that the metaverse will affect finances. Another 49.6% said it will have an effect on business and 45% said it will influence education.

Prospects for the metaverse in 2023

Despite a very tragic 2022 for the crypto market and Web3 in terms of investments, the future of the crypto space remains optimistic. The prospects for users and investors remain on the rise, especially for everything related to the metaverse.

The metaverse is considered by experts to be an “ongoing digital transformation.” So as it continues to advance technologically and its business models take shape, the greater the possibility that it will have a more tangible impact on people’s social and economic lives.

The new developments of the metaverse extend to all fields of human life: economic, social, cultural, religious, etc. The funeral industry is also exploring what death in the metaverse and funerals of the future would be like.

The metaverse has ceased to be purely visual to acquire other more tangible characteristics recently revealed. During the Consumer Electronics Show 2023, virtual reality displays that included touch and smell were on display.

U.S., China and India most advanced

The study found that the U.S. ranks first in terms of metaverse innovation. It is followed by China with 78% and India with 75% with respect to the adoption and daily use of these parallel worlds.

The CoinWire survey also revealed something striking. Although 9 out of 10 respondents have heard of Web3, more than half still do not know for sure what the term actually implies or what exactly it refers to.

In addition, many investors still feel a bit of uncertainty about the digital or crypto industry. Nearly two-thirds of respondents stated that more regulations should be implemented. In 2022, new rules related to the cryptocurrency industry began to be discussed and adopted almost everywhere in the world.

Many areas of Web3, including the metaverse, are starting to become a priority issue for many countries. In South Korea, for example, the government has just opened its first pilot metaverse city to the public.

Metaverse investment and adoption

Major U.S. and Chinese technology companies are investing heavily in its development. For example, Microsoft has obtained 158 metaverse-related patents in the last five years. Competition with other mega tech companies such as Meta, Epic Games and Tencent is in full swing.

Although in the last year the adoption of the metaverse and investments in this area slowed down, the enthusiasm of investors and developers remains. During the first half of 2022, more than $120 billion was invested in metaverse development, according to the latest McKinsey report.

Several companies entered into partnership agreements and launched products linked to the metaverse. Even companies like JPMorgan, which rivals decentralized finance, joined this cutting-edge technology. The U.S. financial institution created the first metaverse bank early last year.

Web3 is becoming a multi-billion dollar industry where different concepts and technologies converge. These are underlying technologies that include blockchain, Internet of Things, augmented reality (AR), virtual reality and space and artificial intelligence (AI).

In these virtual spaces, life as we know it is reproduced. It also has different applications, from games and real estate to art and fashion spaces. Web3 also offers interoperable collaborative tools.

With all these elements present in the metaverse, in a centralized or decentralized way, it is possible to create environments in which users interact by simulating the real world. Although it may be possible, at a later stage, to share both worlds simultaneously.

Market size of the current metaverse.

Is the metaverse worth investing in?

The CoinWire survey found that 53% of investors surveyed invest in the metaverse and own some form of cryptocurrency. Although this area still arouses suspicion in many people, the truth is that large companies and individuals believe in its future benefits.

The metaverse is just beginning to take its first steps. But many are already observing the great potential it offers based on a few considerations. The fact that it is based on blockchain technology indicates that it is a secure and efficient technology.

Another quality or advantage is that the metaverse has a diversity of applications in the economy so it involves a wide range of industries. Whether it is used to carry out commercial transactions or to store data.

It also offers a wealth of potential benefits for investors. It has the potential to grow and expand rapidly, because behind these technology platforms there are large companies investing large sums of money and talent.

The platforms of these parallel worlds have unique features. They allow users to create and manage their own digital assets and businesses. But they also offer the possibility of not reproducing human errors and failures typical of the real world.

In the metaverse, it may be possible to create a world in which trust, security and transparency are inescapable rules of life.

The McKinsey report predicts that by 2030 the metaverse has the potential to generate a market value of $5 trillion. However, for many informed observers the hype around these virtual worlds is outstripping the reality of their potential.

Tags: CoinWire SurveyInvestment in the metaverse

Related articles

ACS to build a battery plant for Panasonic in the U.S
News

ACS to build a battery plant for Panasonic in the U.S

by Pablo Petovel
— March 9, 2023
Carvana could be on the verge of bankruptcy
News

Carvana could be on the verge of bankruptcy

by Alejandro Gil
— March 3, 2023
Forbes claims Binance is in trouble, Zhao denies it
Cryptocurrencies

Forbes claims Binance is in trouble, Zhao denies it

by Santiago Contreras
— March 3, 2023
Why did Tesla’s stock fall on Investor Day?
Companies

Why did Tesla’s stock fall on Investor Day?

by Santiago Contreras
— March 2, 2023
Experts: recession to come at the end of rate hike cycle
Markets

Experts: recession to come at the end of rate hike cycle

by Alejandro Gil
— March 2, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Last published articles

Tesla prepares a Model Y update: what we know about “Juniper”
Technology

Tesla prepares a Model Y update: what we know about “Juniper”

by Pablo Petovel
— March 9, 2023
How to manage risk in times of stock market volatility

How to manage risk in times of stock market volatility

by Santiago Contreras
  March 9, 2023

Gold investment price

Why a physical gold IRA is becoming a hot investing topic

by David Romero
  March 9, 2023

ACS to build a battery plant for Panasonic in the U.S

ACS to build a battery plant for Panasonic in the U.S

by Pablo Petovel
  March 9, 2023

Nike and Decathlon lead as the world’s largest sports retailers

Nike and Decathlon lead as the world’s largest sports retailers

by Pablo Petovel
  March 9, 2023

Facebook Twitter LinkedIn Telegram RSS

ABOUT INVESTOR TIMES

INVESTOR TIMES is an independent publication of economic, finance and investment content, owned and operated by Altas Ventures.

MORE ABOUT US

  • Our team
  • Work with us
  • Advertise on IT
  • Contact
  • Corporate information
  • Terms of Use
  • Cookies Policy
  • Privacy Policy

INTERNATIONAL EDITIONS

Investor Times in English

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

© ATLAS VENTURES SLU, all rights reserved. Any information contained in INVESTOR TIMES is for educational and/or informational purposes only, it is not financial and/or investment advice. INVESTOR TIMES may obtain economic retribution by recommending services or products of third parties. INVESTOR TIMES does not accept, nor will it accept in the future, subsidies or funds from Governments, political parties or public institutions.

No Result
View All Result
  • Home
  • News
  • Markets
  • Investing
  • Cryptocurrencies
  • Technology

  •  EXCLUSIVE  3 Russian men are the real perpetrators behind Juicy Fields, says Glanse

     NEW  Compound Interest Calculator

     TRENDING 
    Investing in Bitcoin Investing in the Metaverse 5 reasons to invest in Amazon

© ATLAS VENTURES, all rights reserved.