{"id":608054,"date":"2023-02-14T23:49:20","date_gmt":"2023-02-15T05:49:20","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/14\/when-it-comes-to-metaverse-interest-philippines-is-leading-globally-amid-government-drive-to-improve-digital-economy\/"},"modified":"2023-02-14T23:49:20","modified_gmt":"2023-02-15T05:49:20","slug":"when-it-comes-to-metaverse-interest-philippines-is-leading-globally-amid-government-drive-to-improve-digital-economy","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/14\/when-it-comes-to-metaverse-interest-philippines-is-leading-globally-amid-government-drive-to-improve-digital-economy\/","title":{"rendered":"When it comes to metaverse interest, Philippines is leading globally amid government drive to improve digital economy"},"content":{"rendered":"

Home<\/a><\/span> \u00bb Business<\/a><\/span> \u00bb When it comes to metaverse interest, Philippines is leading globally amid government drive to improve digital economy<\/span><\/span><\/p>\n

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Interest in the metaverse in the\u00a0Philippines<\/a>\u00a0has recently surged to frenetic levels, with the country occupying the top position in a new study.<\/p>\n

Research from the virtual currency learning platform Coin Kickoff noted that Filipinos are \u201cmost interested\u201d in virtual worlds ahead of every other nation. The\u00a0study<\/a>, titled The Meta-Verdict: Metaverse Interest and Sentiment Around the World, swept through Google searches of 193 countries to reach its conclusion.<\/p>\n

The report noted 2,421 searches per 1,000 people related to the\u00a0metaverse<\/a> in the Philippines. The closest nation to the Philippines was Grenada, with 1,472 searches per 1,000 persons, while Peru came close at third place.<\/p>\n

Other countries that made Coin Kickoff\u2019s top ten list include Nigeria, Ukraine, Taiwan, Sri Lanka, Turkey, Singapore, and Portugal.<\/p>\n

In 2022, the Philippines hosted Asia\u2019s largest metaverse conference, drawing major industry players to Manila. Prior to the event, Filipinos have already been dabbling in\u00a0metaverse gaming<\/a> while those in the corporate sectors are experimenting with its utilization to improve workplace productivity.<\/p>\n

However, despite the Philippines\u2019 interest in virtual currencies, Coin Kickoff\u2019s latest study shows that the country ranks second for metaverse positivity. Vietnam occupied the first position, hinting at a whiff of skepticism among Filipino users towards the metaverse.<\/p>\n

Blockchain <\/strong>initiatives in the Philippines<\/strong><\/p>\n

The Philippines have been making giant strides with blockchain technology, mainly driven by its tech-savvy population. Asides from the ingenuity of citizens, the government and regulatory policies have played their path in driving up the adoption metrics of the technology.<\/p>\n

In November, the Maritime Academy of Asia and the Pacific (MAAP)\u00a0announced<\/a>\u00a0that Filipino seafarers would no longer need to present physical copies of their documents to maritime companies. Instead, credentials will be stored on the distributed ledgers, allowing cadets to use an\u00a0e-wallet<\/a>\u00a0to show their credentials.<\/p>\n

Other initiatives include\u00a0forming<\/a>\u00a0a Blockchain Council, the government\u2019s plans to create a state-run distributed ledger, and UnionBank\u2019s plans to stimulate growth for small- and medium-sized enterprises using blockchain. Recently, the Provincial Government of Bataan has signed a memorandum of understanding with nChain<\/a> to lay down the framework for a digital platform that will streamline government services.<\/p>\n

Want to learn more about the fundamentals of blockchain technology? Check out the <\/em>BSV Blockchain Resources page<\/em><\/a> where you can download useful ebooks\u2014from <\/em>unleashing the value of extreme scale data<\/em><\/a> to <\/em>understanding the potential of the Metaverse<\/em><\/a>, among the many topics\u2014for free.<\/em><\/p>\n

Watch: New blockchain use case? Pothole repair<\/p>\n