A new study from Uswitch revealed which countries are ready to embrace the metaverse, with the Netherlands taking first place.
Exploring the metaverse
The metaverse and digital reality are increasingly being mentioned, whether consumers are ready or not. However, some countries are more ready than others to embrace a digital future from a technology perspective.
A new study by Uswitch looked at a combination of the following factors: internet speed, internet prices, the number of blockchain start-ups and the price of advanced technology exports. This is to determine which countries are ready for the metaverse.
At the top of the list is the Netherlands. According to the research, the Netherlands has one of the highest average fixed internet speeds at 106.51 Mbps. We also produced about $6,000 per capita in high-tech exports last year.
According to another study, the Netherlands is also number one as the country in which the population is most interested in the metaverse. Switzerland, Lithuania, Malta and France follow the Netherlands. All countries in the top five are known for their interest in the emerging Web3 space. Malta has been a crypto and blockchain hub for a long time.
The United Kingdom and the United States, two major players in the metaverse development space, placed 7th and 12th respectively.
Developments in the Web3 space
Despite the recent turbulence in the Web3 space, development around the metaverse continues. Recently, Animoca Brands announced that it is buying a majority stake in a new music metaverse gaming platform. This came shortly after the company announced its plans for a billion dollar metaverse development fund.
Meta, the parent company of Facebook, is also back in the spotlight. Mark Zuckerberg recently said that he won’t let criticism and financial losses stop him from building a metaverse platform.