Recent report by Consensys, a leading blockchain and Web3 software company revealed that
Nigeria topped the list of global crypto ownership and adoption countries.
CEO of Consensys, Joseph Lubin said crypto ownership in Nigeria and India continues to grow, significantly up from last year’s high levels.
The firm maintained that Nigerian respondents have the highest level of trust in internet services who use their data at 98 per cent. In terms of overwhelming crypto awareness, 99 per cent have heard about cryptocurrencies in Nigeria, with the country further having the highest level of understanding of crypto across the countries surveyed.
Part of the statement by Consensys can be found below:
” A desire for more ownership, 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. In terms of data privacy, 92 per cent of Nigerians and 87 per cent would like to have more control over their identity on the internet while over half of respondents think that decentralisation could improve traditional banking and social media platforms.
“Nigerians are also likely to want more control over their online identity and to expect a share of the profits generated from their data compared to other countries. Nigerians also understand the concept of decentralisation best, with 80 per cent aware of it in Nigeria.”
“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 across Africa, the Americas, Asia, and Europe.”