Report: 33% of developers say data privacy is a major obstacle for the metaverse

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A third (33%) of developers believe that data privacy and security are the biggest hurdles the metaverse must overcome. This is according to a new study from Agora, which surveyed 300 developers to gain more insight into their thoughts and perceptions regarding the current state of the metaverse and what the future holds.

The metaverse has been labeled as groundbreaking by many experts in a wide range of industries and for developers, enabling the development of new communities and the ability to better engage with users. Gaming and entertainment have the opportunity to take the most advantage of the metaverse. When asked which industry will benefit the most or experience the greatest positive impact from the metaverse, the developers surveyed ranked gaming and entertainment at the top, with 26% each.

Emerging technology is driving better social experiences in the metaverse, thanks in large part to advancements in extended reality, or XR. As technology continues to advance at this rate, there’s a real chance that the metaverse could mark the center of human interactions in the future. As the metaverse will enable users to have more engaging and connected experiences, 72% of developers believe it will be critical for real-time engagement (RTE) technology, such as interactive, two-way digital video and audio, to be implemented. RTE will be key, as the social aspect will be essential to the success of the metaverse, and 55% of developers can see it replacing real, face-to-face social interactions and experiences within the next five years.

Bar chart showing the various hurdles developers believe the metaverse must overcome.  Data privacy and security ranks first at 33%, with ecosystem interoperability second at 12% and disinformation/hate speech at 10%.

The rise of cryptocurrencies and interest in the metaverse has also made currency a popular topic of discussion. More than half of the developers surveyed believe that NFTs will continue to grow in the near term and become the dominant form of currency. As a result, the majority of developers also believe that the advancement of cryptocurrency and blockchain technology will be critical in shaping the future of the metaverse.

Read the full Agora report.

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