Developing Countries Love the Metaverse, Rich Countries Don’t: WEF Survey

Developing countries have more than double the number of people who believe the metaverse will impact their lives and would use it on a daily basis than developed countries.

According to a survey conducted for the World Economic Forum (WEF), enthusiasm for metaverse and virtual or augmented reality (VR / AR) is much greater in developing countries than in high-income countries.

Market research firm Ipsos released the survey results on May 25, showing the concept is now widely recognized: 52% of the more than 21,000 adults surveyed in 29 countries are familiar with the metaverse, and 50% have positive feelings about the idea. to involve him in daily life. .

China, India, Peru, Saudi Arabia, and Colombia were the top five countries where two-thirds or more of respondents said they have positive feelings towards him.

China has the highest rate, with 78% harboring positive feelings about daily use of a metaverse, followed by India at 75%.

Feelings by country of engaging in a metaverse in daily life, darker areas indicate a higher percentage of positive feelings in that region. Source: Ipsos

The lowest-scoring countries with less than a third of metaverse-positive respondents were also the highest-income countries.

Japan scored the lowest with only 22% showing positive feelings, followed by the UK (26%), Belgium (30%), Canada (30%), France (31%), then Germany (31%) ).

Interestingly, the concept was also less familiar in these high-income countries, with less than 30% in France, Belgium and Germany.

Turkey was most familiar with the metaverse with 86%, followed by India (80%), China (73%) and the highest-income country of South Korea (71%). Poland got the lowest score with 27%.

Respondents were also asked which areas of life they agree the Metaverse will have the greatest impact. Developing countries such as South Africa, China and India have agreed that areas such as virtual learning, entertainment, digital socialization, and even applications such as remote surgery would impact people’s lives.

Again, respondents from high-income Japan, Belgium, and France had the lowest percentages of those who agreed that Metaverse apps would significantly change people’s lives.

1653538150 204 Developing countries love metaverse rich nations

Developing countries appear to be more enthusiastic about cryptocurrencies and blockchain across the board, according to an April report from cryptocurrency exchange Gemini which pointed out that half of respondents in India, Brazil and the Asia-Pacific region bought the their first cryptocurrency in 2021.

The report said inflation and currency devaluation are driving the adoption of cryptocurrencies in these regions, indicating that residents of countries that experienced a currency devaluation of 50% or more were five times more likely to plan. buying cryptocurrencies than countries that have experienced lower inflation.

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