The Philippines has topped the list when it comes to interest in the metaverse. It is also home to the largest number of players on the internet according to a Coin Kickoff report.
The Philippines has topped the list when it comes to interest in the metaverse, and it is home to the largest number of Web 3.0 players. According to new research from Coin Kickoff, the Philippines has the most interest in the metaverse. The study analyzed Google searches from 193 different countries. The country registered 2,421 relevant Google searches per 1,000 people.
The Philippines Most Interested in the Metaverse
The business survey highlights that 89% of professionals are open to using the metaverse to improve their productivity, and nearly half believe it will foster a happier work environment.
Additionally, the Global Digital Report 2023 found that 95.8% of Filipino internet users aged 16-64 played video games. According to these figures, the Philippines has the largest population of gamers in the world.
Twitter user @timweb3_ commented that “Phillipines is the country showing the most interest in the Metaverse worldwide!! with 2,421 google search per 1000 people. Support for the metaverse is seen highest within SEA countries, with 5/10 countries expressing positive opinions.”
The survey results are a bit unexpected, given the large number of players who suffered losses during the P2E gaming craze in 2021-2022. Axie Infinity, a product of Sky Mavis Inc., generated 35% of its traffic from within the country.
The reports also noted that most of its 2.5 million daily active users also came from the Philippines. Instead of providing a secondary source of income, though, the game became a source of debt for many Filipino users.
In March last year, Axie Infinity was one of many cryptocurrency projects exploited by hackers. In this particular case, a hacker stole $620 million in cryptocurrency from the bridge that the platform used to exchange assets across different Blockchains. This was a huge loss for the many stakeholders in the project on many levels.
Vietnam and Indonesia also Top the List
Indonesia had the second highest number of gamers, with 94.8% of internet users in the category.
Meanwhile, when it comes to the metaverse, the people of Florida in America are also interested in exploring the metaverse. The state recorded 670 searches per 1,000 people.
This comes with no surprise, considering that more than 75% of Americans, according to McKinsey research, are aware of the metaverse. Meanwhile, 55% use at least one platform that employs their technologies.
Vietnam is also one of the most favorable destinations for the metaverse. In 56.8% of their Twitter tweets about the virtual world, the Vietnamese express the most favorable views of the metaverse. By contrast, Irish citizens are the most doubtful about the metaverse, with 14.4% of tweets criticizing it.
By Audy Castaneda
