Money In The Metaverse: How Could Metaverse Impact Finance?

Emily Boswell https://brokerchooser.com 2m 500

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

New research can today reveal the top trending metaverse money questions – with more than a 28,000% increase in searches for ‘How to buy land in the metaverse?’

As the metaverse continues to be the hot topic of 2022, experts at BrokerChooser have analysed Google searches to reveal the most common questions surrounding money in the metaverse.

The top trending metaverse questions:

Rank	Question	July-September searches	October-December searches	% Increase
1	How to buy land in the metaverse?	160	46,200	28,775%
2	What is metaverse coin?	40	8,390	20,875%
3	How to use metaverse?	30	5,980	19,833%
4	How to get into the metaverse?	110	18,090	16,345%
5	How to play metaverse?	80	6,140	7,575%

1. How to buy land in the metaverse? – 28,775% increase

The topic that has seen the greatest spike in interest by far is people looking for help on how to buy land in the metaverse. Searches skyrocketed from 160 to 46,200 in just three months showing just how attractive the prospect of buying virtual land has become for many.

2. What is metaverse coin? – 20,875% increase

Interest in metaverse coins saw an increase of over 20,000%. Metaverse coins are a form of cryptocurrency that can be used to buy and trade assets such as land in the metaverse. There are a number of different metaverse coins for different platforms, with Decentraland (MANA), The Sandbox (SAND) and Theta Network (THETA) having the highest market capitalisations.

3. How to use metaverse? – 19,833% increase

It might sound like quite a broad question, but ‘how to use metaverse’ saw the third-highest increase in searches! Technically, you can access the metaverse through your smartphone, but to have the truly immersive experience that the metaverse was created for, you’ll want either a virtual reality headset or pair of augmented reality smart glasses.

The research also revealed:

The most commonly asked metaverse question is ‘What is the metaverse?’ with 762,680 annual searches followed by ‘How to invest in the metaverse?’ with 92,870 searches and ‘How to buy land in the metaverse?’ with 46,390 searches.

The country embracing the metaverse the most is Singapore with the most searches per million people at 3,166. This is followed by New Zealand and Hong Kong.

Tamas Muller, Growth Manager at BrokerChooser, commented:

“The recent success stories in the NFT space brought a lot of speculative interest to the metaverse platforms, but this time it’s about real estate. I don’t think it’s a fad, metaverse real estates have even more utility (rent out, build on it, use it for virtual gatherings, etc) than art or fashion NFTs.

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“We are still early in the whole metaverse development, it’s hard to know for sure if we’ll have only a handful of popular digital worlds or we will have thousands of smaller metaverse islands. The direction of this will decide the scarcity of digital real estates and hence their future value.

“But if the metaverse real estate stays with us for long, it’s quite sure we’ll also see the rise of businesses and ecosystems building on top of it, like the emerging virtual real estate companies.”

Check out the full study and expert answers to the top questions here.

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