The study revealed that 99% of surveyed Nigerians claim to have knowledge about Web3.
A recent international survey completed by ConsenSys and YouGov reveals that Nigeria has the most cryptocurrency-aware population globally.
The global Web3 perception survey involved 15,158 participants aged between 18 and 65 from 15 countries. The study aimed to explore macro and localized perspectives on cryptocurrencies and the emerging Web3 ecosystem across various countries.
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Among its key findings was that African nations stood out for their high levels of cryptocurrency awareness. A staggering 99% of Nigerian and 98% of South African respondents claimed to have knowledge about Web3 technologies.
With these measures, the nations surpassed developed countries like the United States, the United Kingdom, Japan, and Germany.
On top of that, the data revealed that about 70% of Nigerian respondents claimed to be aware of the core principles of blockchain technology.
This is reflected in the fact that 76% of the 1,001 Nigerian participants either currently hold or have held cryptocurrencies in the past. The leading cryptocurrencies among Nigerians are Bitcoin (BTC) and Ether (ETH), with BNB (BNB) and Dogecoin (DOGE) also being among the favorites.
Additionally, 90% of Nigerians who participated in the study showed interest in investing in cryptocurrencies within the coming year. A significant 65% viewed cryptocurrencies as a safeguard against hyperinflation and currency depreciation.
For comparison, the survey also looked at other countries. In the United States, 95% of respondents claimed awareness of cryptocurrencies, but only 42% claimed to have a clear understanding. Just half of the American respondents owned or had previously owned cryptocurrencies.
The survey's results indicate that Nigeria is emerging as a powerhouse in the cryptocurrency landscape, with an extremely high level of awareness and engagement. These findings offer a compelling glimpse into how cryptocurrencies could play a pivotal role in economic systems, particularly in countries grappling with issues like hyperinflation.
Recently, Nigeria's National Youth Service Corps (NYSC) unveiled plans to embrace blockchain technology for certificate issuance and validation.
