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.
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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