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42% of Metaverse US fans buy products endorsed by influencers

In this post:

  • Over 40% of metaverse enthusiasts in the US have purchased products due to celebrity or influencer endorsements.
  • The rise of virtual influencers and immersive experiences in the metaverse drives this trend.
  • Yet, with this great innovation metaverse enthusiasts should still exercise caution.

42% of metaverse enthusiasts in the US have purchased items endorsed by celebrities or influencers. This highlights how influential digital personalities have been in guiding consumer decisions. 

According to Statista, the rise of metaverses has seen a wave of high-profile celebrities and prominent brands taking steps toward the decentralized web revolution. As this virtual landscape continues to expand, it has become a hotspot for consumer engagement, mainly driven by the allure of celebrity endorsements. 

42% of Metaverse US fans buy products endorsed by influencers
Source: Statista

Celebrities drive engagement with virtual events and digital avatars in the metaverse

The metaverse is a shared virtual space where individuals interact using augmented reality (AR) and virtual reality (VR). It has become a fertile ground for influencers and brands to engage with audiences and promote products and services effectively in virtual stores, events and immersive experiences.  

Celebrities have promptly embraced the creation of digital avatars of themselves in the metaverse to better connect with their fans in a new interactive manner. Notable figures such as Justin Bieber have organized concerts within the metaverse. 

42% of Metaverse US fans buy products endorsed by influencers (2)
Source: YouTube- Justine Bieber-An Interactive Virtual Experience

Last year, Paris Hilton launched ‘Slivingland‘ – a Roblox experience to promote her music, fashion, and other activities. The launch marked Hilton’s efforts to bridge the gap between Gen Z, the metaverse, and brands, providing a platform for brand activations.

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Prince Harry and Meghan Markle are also launching their metaverse platform to host everything from business meetings to “public” appearances. This is expected to be done in collaboration with pax.world

Sources allege that Markle is the driving force behind the plan. As a result, the metaverse has cleverly been dubbed the “Meg-averse.”

Metaverse enthusiasts must remain vigilant against scams and risks 

The connection between celebrity endorsements and purchasing decisions is nothing new, but the metaverse adds another layer of immersion and relatability. Brands are capitalizing on this opportunity by collaborating with celebrities to market virtual goods, from designer clothes to limited-edition NFTs (non-fungible tokens). 

Still, with this great innovation metaverse enthusiasts should exercise caution. ⁤The metaverse operates in a largely unregulated environment; thus, virtual crimes are possible. Scams have already led to unsuspecting users having their digital money and NFTs stolen. 

One example of this is the Neko Inu game. Play-to-earn games such as this are gaining popularity as they offer players the chance to make money through activities like forging items and trading them. The Neko Inu scam took advantage of this to steal thousands of dollars from users.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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