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Majority of American crypto users reject tech companies in the Metaverse



 A new survey of 1,000 American consumers has produced interesting results regarding the Metaverse.


The study, commissioned by the metaverse service provider Advocate Group, shows, among other things, that 87% of those surveyed would prefer a decentralized metaverse on the blockchain to a similar mega-project from one of the big tech companies. No coincidence, because a control question confirms that 77% of the participants reject Facebook's participation in the Metaverse. The main point of criticism is that users do not trust the company to handle their data.


A good reason that Facebook should take more than seriously, because the sloppy and exploitative handling of user data has already fallen on the feet of the social network's planned crypto project. Until recently, the Facebook group still had its own stablecoin called Diem in the pipeline, which, however, has met with strong opposition from politics, not least for the reasons mentioned above, and has therefore had to bow out in the meantime . So it shouldn't come as a surprise that similar criticism of the Metaverse plans is coming up again.


Additionally, a majority (49%) of survey respondents predict that it will take at least three to six years before the Metaverse is fully mainstream. Only 20% see such an adoption in one to two years. Above all, gaming and social interaction are at the top of the list of reasons for using virtual crypto-reality. 50% of respondents also indicated that they would potentially spend more than three hours a day in the Metaverse.


A majority of the participants are also interested in being able to make money playing video games. Such play-to-earn models are currently getting a lot of attention, which is why 93% of respondents say they would spend even more time playing video games if they could earn minimum wage from it. 64% would gamble at least three hours a day if they made money from it. 87% would even be willing to be full-time gamers if the pay is high enough.


The hype surrounding the Metaverse only really picked up steam in the last year, and now every major tech company, including Apple, Facebook, and Google, of course, wants a piece of the pie. As the present study shows, however, the crypto community is not particularly enthusiastic about this, as there are fears that the large corporations could use their market power to undermine the basic blockchain idea of ​​decentralization.

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