The State of Web3: A Worldwide Look at Where Crypto Is Gaining Ground

The Web3 community has gained significant traction in recent years, with more people across the world becoming daily crypto users. What’s more intriguing, however, is the level of awareness in emerging nations; many of the respondents who claim to understand crypto were from Nigeria (77%), South Africa (65%), and India (60%). At the same time, crypto ownership is also substantially higher in these emerging economies; Nigeria leads the pack again with the number of respondents who own or have previously owned crypto at 73%, South Africa (68%), the Philippines (54%), Vietnam (54%), and India (52%).

Crypto Awareness is on an Uptrend in Emerging Economies. According to a recent Web3 global survey by Consensys, 93% of the people surveyed worldwide are aware of crypto assets. What’s more intriguing, however, is the level of awareness in emerging countries; most of the participants who claim to understand crypto were from Nigeria (77%), South Africa (65%), and India (60%). At the same time, crypto ownership is also significantly higher in these emerging economies; Nigeria leads the pack once again with the number of participants who own or have previously owned crypto at 73%, South Africa (68%), the Philippines (54%), Vietnam (54%), and India (52%). The latest study on Web3 startups suggested that Europe tops the world with over 3900 crypto startups; while this number may have decreased as many of these companies were not MiCA-compliant at the time of the survey, it is evident that the clarity in registration has put Europe ahead when it comes to Web3 innovation.