Consensys, blockchain and web3 software company behind MetaMask, self-custodial digital wallet, unveils its second global opinion survey on web3 and crypto, conducted online by international online research data and analytics technology group, YouGov.
As a follow-up to the initial report published in 2023, Consensys expanded the scope of the survey, reaching over 18,000 individuals, aged 18-65 in 18 countries in Africa, Americas, Asia, and Europe.
It provides a global and regional view of perceptions around web3 and its dimensions: blockchain technology, cryptocurrencies, NFTs, decentralisation, the metaverse, and more. The survey captures people’s perceptions about the state of the Internet, data privacy, and current events including the rapid adoption of AI and crypto’s integration into the traditional finance sector via products like ETFs.
Co-founder of Ethereum and Founder and Chief Executive Officer of Consensys, Joseph Lubin, said: “The critical role of blockchain and decentralisation in enhancing privacy, trust and transparency for how our data is managed cannot be overstated. Our latest survey not only highlights the rising importance of data privacy, with 83 per cent of respondents emphasising its significance, but also sheds light on pervasive concerns about exploitation and misinformation, a pressing issue amid global elections and the mainstream adoption of AI.”
Read Also: NOA boss blames lack of national identity on religious, ethnic division
The survey results present a compelling picture characteried by widespread awareness of crypto and a strong desire for ownership, coupled with confidence in a crypto-led future for Nigeria. It also showed that 99 per cent have heard about cryptocurrencies in Nigeria, with the country further having the highest level of understanding of crypto across = countries surveyed, at 77 per cent; 84 per cent of Nigerian respondents have at least one crypto wallet and 94 per cent of those aware of NFTs plan to acquire them in the next 12 months, among other findings.
Crypto ownership in Nigeria and India continues to grow, up from last year’s high levels. Furthermore, Nigerian respondents have the highest level of trust in Internet services. They use their data at 98 per cent, but they are also likely to want more control over their online identity and to expect a share of profits from their data compared to other countries. Nigerians also understand the concept of decentralisation best, with 80 per cent aware of it.