Developing countries have more than double the amount of people positive that the Metaverse will impact their lives, and they’d use it daily in comparison to developed countries.

Excitement for the Metaverse and virtual/augmented reality (VR/AR) is much greater in developing countries than in high-income countries, according to a survey conducted for the World Economic Forum (WEF).

Market research firm Ipsos released the results of the survey on Wednesday, showing the concept is now widely recognized: 52per cent of more than 21,000 adults surveyed across 29 countries are familiar with the Metaverse and 50 per cent have positive feelings about engaging with it in daily life.

China, India, Peru, Saudi Arabia and Colombia were the top five countries where two-thirds or more of respondents said they had positive feelings toward it.

China had the highest, with 78 per cent harboring positive feelings toward using a metaverse daily followed by India at 75 per cent.

The lowest-scoring countries with less than one-third of respondents positive about the Metaverse were also countries with the highest incomes.

Japan scored the lowest with just 22 per cent exhibiting positive feelings followed by the United Kingdom (26%), Belgium (30%), Canada (30%), France (31%) and then Germany (31%).

Interestingly, the concept was less familiar in those high-income countries, too, with fewer than 30 per cent in France, Belgium and Germany.

Turkey was most familiar with the Metaverse at 86 per cent, followed by India (80%), China (73%) and the higher income country of South Korea (71%). Poland scored the lowest at 27 per cent.

Respondents were also surveyed on the areas of life they agree the Metaverse will impact the most. Developing countries such as South Africa, China and India agreed areas like virtual learning, entertainment, digital socializing and even applications like remote surgery would make an impact on people’s lives.

Again, respondents from high-income Japan, Belgium and France had the lowest percentages of those who agreed that Metaverse applications would significantly change people’s lives.

Developing countries seem to be more enthusiastic about crypto and blockchain across the board, according to an April report from cryptocurrency exchange Gemini, which pointed out that half of the respondents in India, Brazil and the Asia Pacific region purchased their first cryptocurrency in 2021.

The report made the case that inflation and currency devaluation are the drivers of crypto adoption in those regions, stating that residents of countries that experienced 50% or more currency devaluation were five times more likely to plan to purchase crypto than countries that experienced less inflation.