65% also believed the metaverse would bring new possibilities to social activities.
Metaverse Impact on Business, Finance, and Education
Respondents also had positive sentiments on the metaverse's potential impact on business, finance, and education, at 61.2%, 49.6%, and 45%, respectively. Microsoft holds the most metaverse-related patents with 158, outpacing competitors such as Meta, Tencent, and Epic Games.
Metaverse Adoption in the US, China, and India
The survey also found that over half of metaverse investors own a form of cryptocurrency. The US leads in metaverse innovation, while China and India have the highest positive sentiment towards daily use at 78% and 75%.
Uncertainty and Regulation in the Web3 Industry
However, the report found that 52% of respondents have uncertainty about what "Web3" entails. Over 60% also expressed a desire for more regulation in the industry. Despite this, the metaverse remains a priority for governments, with South Korea's pilot metaverse city being opened to the public. A McKinsey report predicts the metaverse will generate $5 trillion in the next seven years.