As the metaverse idea grows to become a part of everyday life, several nations stand out for their preparedness to adopt the new technology.
According to a survey conducted by Uswitch and shared with Finbold, the top nations in the adoption of the metaverse have recorded high scores for factors such as fixed broadband speeds, internet pricing, the number of blockchain-based financial startups, and the cost of high technology exports.
With an overall ‘metaverse preparation score’ of 7.74 out of 10, the Netherlands is the most metaverse-ready nation in the world. Switzerland comes second with a score of 7.61, followed by Lithuania with a score of 7.39, Malta with a score of 7.31, and France with a score of 6.96.
The United States occupies the twelfth position with a score of 6.32, while the United Kingdom ranks seventh with a score of 6.77.
The United States has the fastest internet speeds, 167.37Mbps, according to the individual grading measures.
Simultaneously, Romania has the cheapest internet at $9 per month, and Cyprus had the most blockchain businesses. The researchers linked the absence of cryptocurrency legislation to the number of blockchain-related companies in Cyrus.
“Blockchain technology will play a crucial role in the metaverse, enabling users to buy and sell cryptocurrencies and NFTs. According to Uswitch, they are fundamental to the proposed ‘Metaverse economy’ that Meta aims to develop as part of this huge initiative.
In addition, with 34,082 Google searches per million people, Cyprus accounted for the greatest number of metaverse-related queries.
Lastly, the Republic of Ireland has the highest high-tech exports per capita at $8,450. In this sector, the nation is home to many major technology businesses, notably the metaverse-focused Meta (NASDAQ: FB).
Although the researchers agreed that the metaverse is still in its infancy, some dangers associated with the technology must be minimized beforehand.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.