Blockchain
Will the metaverse fail? New research reveals the public’s concerns on the Metaverse and NFTs
It’s been hard to escape the acronym NFT over the past year. Non-fungible tokens have become a part of mainstream culture with celebrities from Paris Hilton to Lionel Messi even joining the conversation; but what sentiment does the public really have towards NFTs and the Metaverse?
Using data from Google Search Trends, Linkfluence, and Answer the Public, Ebuyer has revealed that over 1.7 million negative posts were generated on NFTs and 337,000 negative posts on the Metaverse were generated over the past year.
So, does the public really trust these new virtual innovations? And what exactly are people’s concerns on the topic?
The USA has the largest interest in NFTs and the Metaverse with over 8.5 million and 2 million posts respectively over the past year!
As the home of Silicon Valley, it’s no surprise that the US has the most to say on the topic with over 8.5 million conversations on NFTs and 2 million on the metaverse started over the past year. So, what really got Americans talking?
Although 22% of conversations sparked a positive sentiment, 5% of Americans were still wary of non-fungible tokens. The biggest currency providers searched were Ethereum with over 265,000 conversations generated and Blockchain generating over 161,000 conversations.
Indonesia and India came in second and third with 2.1 million and 1 million conversations generated respectively. India had 82% of their conversations on NFTs generated by Gen Z males.
Americans have a similar perception of the Metaverse, with 13% of conversations sparked having a positive sentiment and 6% with a negative sentiment. Cryptocurrency within the Metaverse is a big talking point with over 19,300 posts on this topic.
Will NFTs crash? Will the Metaverse Fail? The public voice their concerns on virtual worlds and currencies
When currency is not tangible, understandably, some of the public may feel it is also untrustworthy. In fact, over 1.7 million people worldwide are still showing a negative perception towards NFTs and 337,000 negative posts on the metaverse. But as paying with Face ID has become a part of our everyday life – will our attitudes change towards cryptocurrency and virtual reality?
Looking into Answer the Public to discover the most searched queries, it’s clear that the public is slightly cynical about the safety of NFTs. The most asked questions included “Are NFTs bad for the environment?” and “Are NFTs bad?” highlighting that virtual cryptocurrency is a big anxiety for some. In fact, over the past year, Google Search Trends showed that the ‘Are NFTs bad for the environment?’ query increased by over 5000%.
When it comes to the Metaverse over 3.8 million conversations were positive with the biggest questions asked being “Which Metaverse coin to invest in?”. With “Metaverse Real Estate” having a 5000% increase in search volume, could the Metaverse be the new normal?
However, there were still 337,000 negative conversations generated on the Metaverse with cynics asking, “Will the Metaverse fail?” – well, only time will tell!
29% of all conversations on NFTS and 33% on the Metaverse came from Gen Z males
As the generation that has grown up in the Web 2.0 era, it’s no surprise that Gen Z is the group talking about NFTs the most; 42% of the conversations came from 18–24 year-olds. The metaverse was also a big talking topic for Gen Z with 45% of conversations sparked by this age group in the past year.
Male Gen Z talks about NFTs the most with a whopping 29% of conversations sparked, with a mainly positive sentiment of 32%. This is no surprise considering a life without the internet is unimaginable to Gen Z.
Surprisingly baby boomers took a share of over 12% for both NFTs and the Metaverse, showing interest from one of the older generations on these newer forms of technology.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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