Fundraising Leaders North Americans are 'Most Likely to Write Rules of Metaverse' – CoinShares

cryptonews.com:

Although the concept of the metaverse is still nascent, it is the Americans who are the most likely to write the rules in the space - as they're the leaders in terms of fundraising, suggests a recent report by Max Shannon, Digital Asset Analyst at the crypto investment and research firm CoinShares.

The author found that, despite the sector's young age, a large number of companies working on metaverse-related developments have sprung up since 2021, with the majority being located in North America.

This is currently the most active region when it comes to the formation of new metaverse-focused companies. More precisely, half of all metaverse entrepreneurship is now concentrated in North America, the report said. 

It added that regions such as South America are being completely left behind, despite having more than 600m inhabitants.

Following North America is the Asia-Pacific region with 31% of companies, and the European Union with 14% of metaverse companies, Shannon said.

Regions of Metaverse companies:

Notably, Shannon suggested that regional fundraising activity for start-ups in the sector is quite important, arguing that,

"The Metaverse is likely to be regionally fragmented. The region that deploys the most capital into start-ups who create and provide experiences within the Metaverse, are the most likely to write the rules of the Metaverse."

And as to who leads in terms of fundraising - it's North American companies.

These companies have more frequent opportunities to raise capital, said Shannon, with the number of funding rounds being 50% higher than the Asia Pacific region, which came in second on CoinShares’ list.

Regional Metaverse fundraising:

Additionally, the report found that, while growing steadily until 2020, the