[ad_1]
After being asked to stay indoors for most of two years, the urge to run away is inevitable. Many seem to find solace in the idea of a metaverse. It is not strictly defined — some see it as an extension of the physical world, others as a purely digital reality — but it is simply a new area of existence and exploration.
Over the last year, we’ve seen people approaching virtual worlds like Decentraland and Sandbox. Samsung and Nike, including domestic brands, have also set up shop in such spaces. The UFC is planning virtual fights and K-pop labels are promoting virtual stars; however, this does not mean that this idea is universally accepted. In fact, there is a long way to go.
As with any new innovation, skepticism is fast approaching. As for the metaverse, this has been especially true among Singaporeans.
Medium view recently conducted a survey to measure the general sentiment about metaberse in Southeast Asia. Although most of the countries surveyed were very positive about the development, Singapore stood out as an exception.
At least 56 per cent of Singapore respondents chose a positive emotion when asked to describe their thoughts on the metaverse from a particular list. In other Southeast Asian countries, the average was 72%.
How do they feel about the S’poreans metaverse?
Among the countries surveyed, respondents in Singapore felt the least hope and the most doubt about the metaverse. a double though ‘cryptocurrency’, the country also recorded the highest proportion of respondents who had no opinion on the subject.
This is in line with the results of another survey conducted Search engine which classified the country by cryptocurrency ownership. Out of 27 countries, Singapore ranked 11th, well behind Vietnam, Indonesia and the Philippines, all of which were ranked in the top five.
Although Singapore has provided tremendous support to blockchain startups – through initiatives such as the Singapore Blockchain Innovation Program – the country has been careful to invest in the general public space.
Recently, the Singapore Monetary Authority (MAS) issued guidelines Avoid advertising for crypto exchanges to the general public. Investors remain free to buy cryptocurrency, however, the central bank recommends using it speculative trading.
Another reason for Singapore’s lack of interest in metabersion could come from the country’s median income. At about $ 4,500 a month, Singapore’s average monthly salary is nearly four times that of countries including Vietnam and the Philippines.
Therefore, the attractiveness of winning crypto-games — such as Axie Infinity, where active players can earn $ 20 a day — may not resonate with Singaporeans, as it does with others in Southeast Asia.
What do they dislike about the S’poreans metaverse?
Among those who felt negative about the metaverse, the most common reason was concern about data security and privacy. This answer may sell a lack of understanding rather than a real concern.
In fact, data security and privacy are two key arguments in favor of blockchain technology. Decentralization ensures that transactions can be made without the need for users to disclose personal information or store it on a company’s servers.
This is another reason that stands out “Companies building metaverse can’t be trusted”. It seems that the metaverse is a special object that many companies are building. That’s definitely not the case.
Once again, it is associated with the idea of decentralization. By its very nature, there is no single authority that can control the verse.
Then there is “Developmental problems in adolescents / children”. Concerns about the use of computers or mobile devices may be valid in general, but there is no reason why ‘metabersion’ would add more harm.
By these arguments, I do not mean that the concept of metaverse is innocent, but rather that the reasons mentioned in this survey are not so well reasoned.
Should children be allowed to participate in metaverse?
In general, the majority of respondents believe that children should not be allowed to “participate” in metamorphosis without parental care.
If I were to make a fuss, it would be because people have come to associate the metaverse — and almost anything related to blockchain technology — with speculative investment.
Actually, getting involved in a metaverse could be as easy as playing a video game or watching some beautiful artwork.
The key idea behind the metaverse is, albeit light in definition, that people share the same virtual spaces and be able to interact with each other.
If you don’t have a problem with a 12-year-old playing online games like Minecraft, there’s no reason to say they can’t “participate” in the metaverse.
What does this survey prove?
This survey shows misconceptions about metaverse and blockchain technology, which have become more prevalent since these ideas reached the mainstream media.
Many people are reading about these terms for the first time through articles on the volatility of cryptography, scams, and carpet breaches. Although all of these are legitimate appearances, they have begun to develop a narrative that does not tell the whole truth.
Blockchain technology offers much more than just risky trading. It can help make practices more effective in industries ranging from healthcare to hospitality.
While there are reasons to be skeptical, it seems that many of those mentioned here are fueled by fears and speech rather than evidence.
Featured Image Credit: Finance Magnates
[ad_2]
Source link
