|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Web3 Metaverse Platforms Could Solve the Loneliness Epidemic, Says Decentraland's Bay Backner
Sep 27, 2024 at 10:48 pm
Decentralized metaverse platforms like Decentraland and the Sandbox could create more genuine online connections, according to Bay Backner, Head producer at Decentraland and assistant university professor.
Emerging Web3 metaverse platforms could present a solution to the concerning loneliness epidemic in the digital age.
According to Bay Backner, Head Producer at Decentraland and Assistant University Professor, decentralized metaverse platforms like Decentraland and The Sandbox have the potential to facilitate more genuine online connections.
Speaking to Cointelegraph in an exclusive interview at the European Blockchain Convention in Barcelona, Backner highlighted the prevalence of loneliness despite the increasing availability of Web2 social media platforms.
In the US, 30% of individuals aged 18 to 34 reported feeling lonely on a daily basis, as per a Healthy Minds Monthly poll by the American Psychiatric Association, published in September 2024.
On average, Americans spend around 42% of their waking hours looking at screens, according to a 2018 survey by Cooper Vision.
In contrast, decentralized metaverses could foster tighter online communities, owing to the community-oriented ethos of blockchain and Web3.
According to Backner, the need for decentralized alternatives to social and gaming platforms is becoming increasingly evident with the growing reliance on online virtual spaces and gaming environments globally.
Decentraland's native MANA token ranks among the top metaverse tokens by market capitalization, currently valued at over $613 million, according to CoinGecko.
Social media usage has steadily increased, with daily averages rising from 90 minutes in 2012 to 143 minutes in 2024, as reported by Statista.
Web3 gaming adoption: Some games still lack a “solid foundation”
Despite promising to reward users for their time spent playing, Web3 or play-to-earn games have yet to achieve widespread mainstream adoption.
According to Backner, one factor hindering mass adoption is a lack of gameplay-focused projects with a solid foundation.
Furthermore, Backner noted the need for the Web3 gaming industry to enhance communication, particularly regarding the benefits of blockchain and digital assets within gaming environments.
Among the latest updates in the Web3 gaming space, Pixels has emerged as the largest metaverse platform, boasting over 1.37 million monthly unique active wallets (UAWs), according to DappRadar.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Grayscale Research Unveils Top 20 Cryptocurrencies Expected to Perform Well During Q4 2024
- Sep 28, 2024 at 03:00 am
- Grayscale's research team unveiled the top 20 cryptocurrencies expected to perform well during the last quarter of 2024.
-
- Bitcoin Soars 5% as China Unleashes $284B Stimulus, Promises More
- Sep 28, 2024 at 03:00 am
- The top crypto trades at around $66,300, its highest price since July.
-
- MicroStrategy (MSTR) Exchange-Traded Funds (ETFs) Broke $400 Million in Net Assets This Week
- Sep 28, 2024 at 03:00 am
- Leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) broke $400 million in net assets this week as retail investors continue to pour into the ultra-volatile Bitcoin
-
- Pepe Unchained ($PEPU): The Meme Coin Super Cycle is Real
- Sep 28, 2024 at 03:00 am
- Things are looking up for joke tokens enthusiasts – meme coin are pumping again. Double-digit gains are prevalent across the board, and new presales like Pepe Unchained ($PEPU) are amassing huge momentum.
-
- SHIB Stablecoin: What We Know So Far
- Sep 28, 2024 at 03:00 am
- Lucie, SHIB's marketing lead, elaborated on the fundamentals of the SHI stablecoin in a message on X. According to Ryoshi's vision, this stablecoin is
-
- The 5 Best Meme Coins to Buy Right Now as We Enter the Final Quarter of 2024
- Sep 28, 2024 at 02:30 am
- Meme coins are back in the green this week. Shiba Inu, Brett, and Pepe are all soaring, each posting double-digit gains in the past few days.
-
- Bitcoin BTC/USD Breaks Above $66,000, 10x Research Predicts a Swift Move Towards $70,000 and New All-Time Highs
- Sep 28, 2024 at 02:30 am
- The uptrend is supported by accelerating stablecoin minting, with nearly $10 billion issued in recent weeks, surpassing Bitcoin ETF flows.
-
- Bitgert (BRISE) vs Kaspa (KAS) - Which Is a Better Investment?
- Sep 28, 2024 at 02:30 am
- Kaspa and Bitgert are two popular cryptocurrencies that have lately caught the attention of investors right in the wake of Q4 24′.
-
- Neiro Coin vs Bitgert (BRISE): Which Is a Better Investment Option?
- Sep 28, 2024 at 02:30 am
- Within the crypto sphere, a lot of attention has been drawn to two crypto assets: Neiro Coin and Bitgert. While Neiro relies on the popularity of new