Despite the fact that the popularity of the cryptocurrency sector is high, not all inhabitants of the planet Earth know about Web3 technology. This statement was made by ConsenSys analysts in their global industry report. According to the data, 9 out of 10 people around the world said they had heard of digital currencies and bitcoin (BTC).
Among the countries in terms of awareness about cryptocurrencies, Nigeria, South Africa and Brazil are leading. However, only 8% of respondents assured that they are familiar with the concept of Web3. According to the researchers, this highlights the gap between the public perception of the technology sector and its potential to address issues related to privacy, identity and digital rights ownership.
By the way, it turned out that citizens of European countries are more skeptical about cryptocurrencies. In addition, residents of Japan and South Korea are similarly configured. In these countries, digital currencies are associated with negative concepts such as fraud, money laundering and speculation.
At the same time, in most countries of Southeast Asia, South America and Africa, they have a positive attitude towards this asset class and the Web3 industry. In Argentina and Nigeria, the local currency is highly volatile and cryptocurrencies are seen as a key way to access global capital and hedge against inflation.
While many respondents are unaware of Web3, the majority support the concepts behind the technology. About 50% believe that this will increase the value of the Internet, and 67% argue that a person should be the owner of the content created on the network. Only 38% of those surveyed stated that they receive a fair reward for their contribution.
Concern about data privacy is the most important issue, with 83% of respondents saying so. About 70% of those surveyed believe that they should receive a large share of the profits from companies using their data. Approximately 79% of people desire complete control over their digital identity.