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Majority of US Consumers Say No to Meta Owning Metaverse Data: Survey

A survey of 1,000 US consumers about the growing interest in the metaverse has yielded some interesting results. In a survey commissioned by non-replaceable token and metaverse infrastructure provider Advokate Group, 87% of respondents preferred a decentralized metaverse on a blockchain to some of the mega projects planned by tech giants. This became more apparent when 77% of respondents shared their concerns about Facebook’s entry into the metaverse, especially since it owns users’ metaverse data. Facebook’s tarnished past with mismanagement of personal user data has already dismantled its early plans to launch a stablecoin called Diem. The stablecoin project faced heavy criticism from the US Congress and the project eventually came to a crash. A similar concern began to grow around Facebook’s multibillion-dollar metaverse aspirations. The respondents surveyed were split in terms of when metaverse could go mainstream, 20% of respondents think it could take 1-2 years, while 49% said it could take up to 3-6 years. Gaming was the primary choice for spending time in metaverse, followed by socializing. 55% of respondents said they would spend more than three hours a day in the metaverse. Related: Tusk Ventures CEO: Don’t Repeat Social Media Mistakes With Metaverse Regulations A majority of respondents also showed a keen interest in making money while playing games. Since play-to-earn models are the latest craze, 93% of respondents said they would spend more time playing games if it could earn minimum wage. About 64% said they would spend more than three hours if they made real money and 87% would switch to full-time gaming if the pay was right. Metaverse as a concept only became formidable in 2021 and now every major tech giant be it Apple, Facebook or Google wants to launch or invest in the ecosystem. However, a significant portion of crypto proponents argue against the entry of centralized, money-rich companies, believing that the concept of decentralization would fade into the background.
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