Connect with us

News

Consensys Reveals Second Annual Global Survey on Crypto and Web3

Published

on

 

Consensys, a leading blockchain and web3 software company, has released its second annual global survey on web3 and crypto, conducted by YouGov.

Advertisement

This was disclosed in a statement released on December 10, 2024.

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.

It provides a global and regional view of perceptions around web3 and its various dimensions: blockchain technology, cryptocurrencies, NFTs, decentralization, the metaverse, and more.

Advertisement

The survey captures people’s perceptions about the present 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.

The first annual Global Survey on Crypto and Web3 was conducted in early 2023 amid a significant downturn in market conditions across the crypto and web3 ecosystem, however the follow-up effort achieved in this 2024 version comes as these conditions shift upwards. The 2024 survey reveals that while still present, barriers to invest in cryptocurrencies are lower than last year and market volatility is still the top barrier cited but is also significantly down from last year.

Two years of global data shows crypto, web3, and blockchain are all being rapidly embraced in key emerging markets like Nigeria, India, and South Africa.
Web3 is a new decentralized, transparent and blockchain-based internet that is not controlled by centralized entities. Web3’s fundamental tenet of decentralization to empower individuals with control over their own data and privacy, offers a solution for people’s frustrations with the current iteration of the internet and its inability to provide this.

Advertisement

READ ALSO: US Blocks Nigerian’s Cryptocurrency Fraud, Imposes $50,000 Fine

Joseph Lubin, Co-Founder of Ethereum and Founder and CEO of Consensys, said, “The critical role of blockchain and decentralization 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% of respondents emphasizing 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.”

“Every year, we continue to see positive momentum for the growth and adoption of crypto, blockchain, and web3 — the re-decentralized web. 2024 has been a monumental year for crypto for a variety of reasons, which are rapidly converging to move society and the right direction espoused by the web3 ecosystem, towards far greater economic, social and political agency for all people and communities. The recent U.S. presidential election may lead to significant regulatory clarity, for example. As the world embraces the potential of decentralization and crypto, our industry stands ready to support and empower the next wave of users through education and innovation while solving some of our world’s most complex challenges” Lubin added.

Advertisement

The survey results present a compelling picture characterized by widespread awareness of crypto and a strong desire for ownership, coupled with confidence in a crypto-led future for Nigeria:
Overwhelming crypto awareness: 99% have heard about cryptocurrencies in Nigeria, with the country further having the highest level of understanding of crypto across the countries surveyed, at 77%.

A desire for more ownership: 84% of Nigerian respondents have at least one crypto wallet and 94% of those aware of NFTs plan to acquire them in the next 12 months.

Concerns over Data Privacy: Data privacy is important to 92% of Nigerians and 87% would like to have more control over their identity on the internet.
In favour of Decentralization: Over half of respondents think that decentralization could improve traditional banking and social media platforms. At least 56% of those aware of web3 used a web3 wallet in the past year (up 16 points over 2023 data) and 34% played blockchain-based games (+7).

Advertisement

Crypto ownership in Nigeria and India continues to grow, significantly up from last year’s high levels. Furthermore, Nigerian respondents have the highest level of trust in internet services who use their data at 98%, but they 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 decentralization best, with 80% aware of it in Nigeria.

Decentralization refers to changes, processes or innovations that seek to reverse or guard against centralization. For example, the internet runs on a decentralized system of servers around the world, Bitcoin runs on a distributed, decentralized ledger and community gardens and microgrids are decentralized approaches to food and energy production, respectively.
Ends.

Advertisement

News

NAFDAC Raises The Alarm Over Fake Milk In Circulation

Published

on

By

The National Agency for Food and Drugs Administration and Control on Friday raised the alarm over the presence of counterfeit Cowbell “Our Milk” 12g sachet milk circulating in Nigeria.

The alert posted on the agency’s website stated that Promasidor Nigeria Ltd, which is the marketing authorisation jolder and manufacturer of Cowbell “Our Milk” informed the agency about the existence of a product bearing a close resemblance to the genuine Cowbell “Our Milk” 12g sachet Milk.

Advertisement

“This includes unauthorised use of the brand name, packaging design, NAFDAC registration number, and trademark.

The MAH has confirmed that these products are neither manufactured or distributed by them as the counterfeit packaging design was last used for production by the company in September 2023,” NAFDAC noted.

READ ALSO:NAFDAC Warns Against Use Of Excess Hydroquinone In Cosmetics

Advertisement

Differentiating, it said the genuine cowbell milk is creamy, the packaging material used is the revised PNG artwork “Our Creamy Goodness”, the printing of the batch details is done with laser printing, the coding is done on the coding area on the sachet, and the sealing and cutting on the vertical sides are automated.

It said the content of the counterfeit Cowbell 12g sachet milk does not seem like milk, the packaging material used is the old PNG artwork “Our Milk”, the printing of the batch details was done with ink instead of laser printing, the coding was not done on the coding area but on a different part of the sachet, and the sealing and cutting on the vertical sides were manually done.

It added, “The use or consumption of counterfeit Cowbell ‘Our Milk’ Milk presents serious health and safety risks.

Advertisement

READ ALSO:Beware Of Fake Oxycontin In Circulation, NAFDAC Warns Public

Such products may contain harmful substances, including toxic chemicals, unapproved additives, or diluted ingredients that do not meet food safety standards.

“Consumption of counterfeit milk can result in foodborne illnesses, allergic reactions, organ damage, or even death in severe cases. Infants, children, pregnant women, and the elderly are particularly vulnerable.”

Advertisement

The agency urged all NAFDAC zonal directors and state coordinators to conduct surveillance and mop up the counterfeit Cowbell 12g sachet Milk products within their zones and states.

Distributors, retailers, and consumers are advised to exercise caution and vigilance within the supply chain to prevent the distribution, sale, and use of the counterfeit milk product.

READ ALSO:NAFDAC Warns Against Chemical Ripening Of Fruits

Advertisement

All food products must be obtained from authorised/licensed manufacturers/suppliers. The products’ authenticity and physical condition should be carefully checked.

“Healthcare professionals and consumers are advised to report any suspicion of sale of substandard and counterfeit food products to the nearest NAFDAC office, NAFDAC on 0800-162-3322 or via email: sf.alert@nafdac.gov.ng

“Similarly, healthcare professionals and patients are also encouraged to report adverse events or side effects related to the use of counterfeited food products to the nearest NAFDAC office, or through the use of the E-reporting platforms available on the NAFDAC website www.nafdac.gov.ng or via e-mail on pharmacovigilance@nafdac.gov.ng,” it said.

Advertisement

 

Advertisement
Continue Reading

News

Orphaned Nigerian TikToker ‘Geh Geh’ Goes Viral, Rakes In $30,000 From One Live Session

Published

on

By

A young Nigerian known as “Geh Geh” has captured the hearts of thousands online after his TikTok live session on Thursday drew an astonishing 177,000 viewers and reportedly earned him gifts worth over $30,000.

The social media personality, who refers to his online platform as the “University of Wisdom and Understanding,” has been making waves with his unconventional approach to advising men on relationships and finances.

Advertisement

In a video he posted after the live session, Geh Geh said, “More than 177,000 people watch my lectures today.

“Jesus! University of wisdom and understanding, the only university where once you graduate, woman go fear to ask you for money.”

READ ALSO:

Advertisement

Describing himself as the “first illiterate to find a university in the history of Nigeria,” Geh Geh reflected on his unlikely rise to fame, saying, “I no be graduate too, but by the grace of God, I don find school. I be orphan, but now Nigerians don show me love.”

According to him, the gifts received during the live were worth approximately $30,000, a feat he described as life-changing.

See gift I made over… more gift when they give me today is worth about $30,000. I no go take this love for granted, because I no really do anything for am,” he said in a follow-up video after the live became a hit.

Advertisement

The viral moment has been hailed by many as a form of digital empowerment, proof that even those without formal education can leverage social media to build influence, create entertainment, and earn a living.

READ ALSO:

While his controversial teachings on money and women have sparked debates online, his story is now being seen as an inspiration to underprivileged youths.

Advertisement

Reflecting on the overwhelming support, he added, “If Nigeria be country wey value great people, by now them suppose dey compare people like me with Aristotle, Wole Soyinka, Einstein… but I thank God say people dey see my head and my own difference.”

His followers, now calling themselves “students” of the Geh Geh University, continue to grow, raising questions about how social platforms are redefining fame and success in Nigeria.

 

Advertisement

Continue Reading

News

Daredevil Boko Haram Leader, Bakura Neutralized In Niger

Published

on

By

A notorious leader of the Boko Haram insurgents, Ibrahim Mahamadu, popularly known as Bakura, has been killed in the Lake Chad Basin, the Niger Army said on Thursday.

The Army, in a statement, tagged the terrorist a “feared leader” of the group, stating that he was targeted by a fighter jet early on August 15.

Advertisement

Very early in the morning of August 15, an Air Force fighter aircraft launched three targeted and successive strikes on the positions Bakura used to occupy in Shilawa,” it added.

READ ALSO:Boko Haram, ISWAP Conflict Intensifies In Lake Chad Region, Leading To Many Casualties

The statement also revealed that the Boko Haram leader, who was said to be about 40 years old, was originally from Nigeria.

Advertisement

He reportedly joined the terrorist group more than 13 years ago and took over leadership after Abubakar Shekau.

DAILY POST reports that Shekau, a former leader of Boko Haram, died during jihadist infighting in May 2021

Advertisement
Continue Reading

Trending

Exit mobile version