- The ConsenSys survey reveals international crypto consciousness at 93%, with main adoption in areas like Nigeria and South Africa.
- Knowledge privateness considerations stay excessive, with 83% of respondents highlighting the necessity for extra management over their on-line identification.
- The survey highlights a shift towards Web3 possession, with a rising want for decentralization of social media and banking methods.
ConsenSys, the main software program know-how firm behind Ethereum, has launched the outcomes of its second international opinion survey on crypto and Web3, carried out by worldwide analysis agency YouGov.
The survey reached greater than 18,000 individuals in 18 international locations in Africa, the Americas, Asia and Europe. It builds on concepts from its 2023 predecessor. The expanded survey explores international attitudes in the direction of information privateness, possession, decentralization and the intersection of blockchain and know-how. synthetic intelligence (AI).
The survey reveals that information privateness is a major concern for many individuals, with 83% of respondents rating it as a serious difficulty. Crypto adoption is rising globally, with 93% of respondents conscious of cryptocurrencies. Regardless of this excessive consciousness, solely 52% say they totally perceive the know-how.
Cryptocurrency possession and boundaries to entry
Possession is especially robust in rising markets, with international locations like Nigeria (73%), South Africa (68%) and the Philippines (54%) main in cryptocurrency possession. On the similar time, curiosity in Europe is rising, significantly in France (+3%) and Germany (+10%).
Limitations to entry stay. Market volatility (20%) and considerations about scams (17%) are important obstacles. Nevertheless, respondents are optimistic concerning the potential of cryptocurrencies, associating them with phrases equivalent to “future of cash” and “different to the normal monetary system.”
Consciousness of Web3, NFTs and blockchain
World participation in Web3 actions is rising. 33% of respondents accustomed to Web3 now use crypto wallets, a rise of 6% from final 12 months. However understanding of Web3 is low in lots of areas, with Japan, South Korea and components of Europe reporting restricted familiarity. Alternatively, Nigeria (61%) and South Africa (48%) present rising consciousness.
NFTs are extra widely known than Web3, with important familiarity in Asia (36%) and america (45%). On the similar time, Nigeria leads when it comes to curiosity in NFT investments, with 93% of respondents saying they wish to spend money on the subsequent 12 months. Nevertheless, NFT possession continues to be comparatively low total and perceptions of NFTs are blended.
Blockchain, though higher understood than Web3 and NFTs, nonetheless wants to realize international understanding. Familiarity is especially excessive in Nigeria (77%) and South Africa (52%).
Decentralization and belief in Web2 methods
Globally, 82% of respondents imagine Web2 firms have an excessive amount of energy, with notable exceptions in Japan (58%). Understanding of decentralization is low, though international locations equivalent to america, the Philippines, India, Nigeria and South Africa report larger familiarity.
A good portion of respondents (a 3rd globally) imagine decentralization may benefit social media and worldwide banks.
General, ConsenSys views the survey outcomes as proof of a rising shift in the direction of a extra equitable on-line world, pushed by crypto, blockchain and Web3 applied sciences.
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