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A significant number of Brits are apathetic and uninformed about the metaverse, according to a recent study

In Brief

The lack of interest among UK consumers regarding the metaverse could result in British companies falling behind in what some are calling the \"technological revolution,\" according to Gowling WLG. report suggests .

Countries in Asia, particularly China and the UAE, are optimistic about the future of the metaverse. virtual worlds .

uk metaverse

Only about 37% of UK consumers show a desire to engage with the metaverse, as highlighted in the research conducted by Gowling WLG. study by Gowling WLG The report, titled “The Immaterial World: Navigating Attitudes to the Metaverse Revolution,” delved into the perspectives of global consumers and their views on the emerging virtual ecosystem.

The researchers noted that enthusiasm and awareness of the metaverse in the UK are considerably lower in comparison to other markets surveyed. This lack of interest indicates that the UK is lagging behind on the global stage when it comes to entering the metaverse marketplace.

Unlike other sources According to the study by Gowling, while 76% of consumers globally understand the metaverse concept, only 2% of individuals in the UK fully comprehend it, with around 41% expressing zero understanding. Comparatively, just 4% of respondents from the UAE indicated similar confusion.

Asian nations appear to have the most favorable outlook on the metaverse, with a scant 3% of respondents in China and the UAE believing it won't gain mainstream popularity. In stark contrast, 22% of British respondents and 13% of Canadians are skeptical about its widespread adoption. Similarly, among French and U.S. consumers, 5% and 7%, respectively, think the metaverse may not achieve mainstream recognition. The entrenched consumer protection mindset in the UK fosters a reluctance to embrace new innovations, as many perceive them merely as novelties. Currently, UK consumers are exposed to very little about the potential of the metaverse. Davey Brennan, a partner and co-chair at the advising firm, noted that in contrast to just 15% in the UK, a significant portion in the UAE believes that their career prospects could be enhanced by the metaverse. The findings suggest that the dismissive attitude prevalent among UK consumers may hinder domestic businesses, risking their competitive edge against global counterparts that recognize the metaverse as a catalyst for innovation and collaboration. metaverse will ever To ignite enthusiasm for virtual environments among UK consumers, organizations must endeavor to raise awareness about the metaverse's potential while dispelling prevalent misconceptions. Nevertheless, it is likely that the metaverse will gradually become more well-known and accepted over time.

Source: Gowling WLG

Please be aware that the information presented here is not intended as, and should not be construed as, legal, tax, investment, financial, or any other type of advice. It’s crucial to only invest what you can afford to lose and to seek professional financial guidance if you have doubts. For further details, we recommend reviewing the terms and conditions along with the help and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering accurate, impartial reporting, although market conditions may change without prior notice. metaverse successes to drive excitement, rather than hesitancy,”

Agne is a journalist focused on the latest developments in the realms of the metaverse, AI, and Web3 for Metaverse Post. Her fervor for storytelling has driven her to interview numerous experts in these dynamic fields, always on the lookout for compelling narratives. Agne holds a Bachelor’s degree in literature and boasts an extensive writing background covering a variety of topics, including travel, art, and culture. Additionally, she has volunteered as an editor for an animal rights group, where she helped raise awareness for animal welfare issues. You can reach out to her at. Global Tech at Gowling WLG, suggested.

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According to a study, there’s a general lack of enthusiasm and knowledge among Brits regarding the metaverse.

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This report was published on December 9, 2022, at 9:50 AM, with an update shortly after at 10:06 AM.

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A recent study indicates that residents of the UK are largely indifferent and not well-informed about the metaverse, according to a report from Metaverse Post.
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Research conducted by Gowling WLG reveals that just 37% of UK consumers show any interest in participating in virtual environments, hinting at potential missed opportunities for British businesses in the ongoing tech evolution.
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According to findings from a recent survey, a considerable number of Brits lack both interest and understanding when it comes to the metaverse.