Most Vietnamese know about cryptocurrency and even now feel in it immediately after the FTX crash

According to the most recent investigate carried out by Consensys, Vietnam is amid the nations with higher recognition of cryptocurrencies, but other search phrases this kind of as web3 or metaverse are even now not broadly recognized.

Consensus: Most Vietnamese are acquainted with cryptocurrency and even now firmly feel in it immediately after the collapse of FTX. Photo: GM Vietnam

Outside Annual report on the cryptocurrency market carried out by Kyros Ventures, there are also a quantity of other prestigious units that routinely carry out surveys and area investigate. For illustration, Consensys, the business that owns the MetaMask portfolio.

Continuing its yearly practice, this yr Consensys partnered with YouGov to publish a survey Global report on cryptocurrencies and the web3 with plenty of exciting info.

The survey was carried out from April 26 to May 18, 2023 with far more than 15,000 folks Participation (typical one,000 folks per nation), come from 15 nations together with: Argentina, Brazil, France, Germany, India, Indonesia, Japan, Mexico, Nigeria, South Africa, Korea, Philippines, United kingdom, USA and Vietnam.

Do you feel cryptocurrencies are the potential of cash?💸

In Argentina and Nigeria, exactly where the area currency is unstable, cryptocurrencies are noticed as an vital way to accessibility worldwide capital and hedge towards inflation.

Download the complete Global Survey on Crypto and Web3: https://t.co/K0fQLuMQaj pic.twitter.com/ZBmA98UAnI

— Consensys (@Consensys) July 28, 2023

While it is not probable to cover each nation in the planet, this survey is even now deemed to be elaborate and high-quality, giving an overview of the worldwide cryptocurrency image.

Nigeria even now prospects in recognition

When asked if you have ever heard of the phrase cryptocurrency, yes 99% folks Nigeria solution yes. This quantity when once again demonstrates the widespread recognition of cryptocurrencies in the African nation.

What is the most cryptocurrency-savvy nation in the planet? 🌏 (Hint: It’s not the US) #ShiftCtrl

Any guesses? 👀 https://t.co/UCWqF801r8

— Consensys (@Consensys) September 3, 2023

Not only with the Consensys survey, Nigeria is the title existing in all rankings and normally the leader in terms of consumers, acceptance and worth of assets held. The most current illustration is in accordance to information from Triple-A, up to 22 million Nigerians very own cryptocurrencies, ranking them 4th globally and larger than Vietnam.

Percentage of folks who have heard of cryptocurrencies. Source: Consensys

After Nigeria, there are Brazil and South Africa with 98% in favour. Vietnam Ours is very “modest”. eightyseven%, only far more than one nation participating in the survey is Japan. Although deemed “second to last”, in actuality these percentages are really higher, demonstrating that the 15 nations talked about over are all the nations with the most widespread use of cryptocurrencies.

This brings the worldwide typical to 92%. But when you seem deeper, there is just 50% genuinely realize What is Cryptocurrency proves that most folks have heard of it but never truly have any comprehending of the area.

The Vietnamese have heard of cryptocurrencies, but are much less acquainted with web3 and NFT

In Separate report on the Vietnam marketConsensys mentioned yes 47% The Vietnamese have heard and understood what cryptocurrency is. Meanwhile, 36% have heard of them but never know what cryptocurrencies are. And only 17% have by no means heard of this key phrase.

four out of five Vietnamese have heard of cryptocurrency. Source: Consensys

However, when it comes to web3 and metaverse, the effects are not so constructive. 53% Vietnamese respondents mentioned they felt acquainted NFTs due to the fact it is usually talked about in the media and on the radio. But only 35% acquainted with web3 Cute metaverseproving that this section is not extremely preferred.

More than half of Vietnamese folks are acquainted with the notion of NFTs. Source: Consensys

This info is very very similar to the H1.2023 market place report carried out by Kyros Ventures in association with Animoca Brands. While DeFi is the most engaged consumer section, web3, GameFi or SocialFi all have drastically reduce numbers.

SocialFi has not genuinely created any headway. Source: Kyros Ventures x Animoca Brands

The Vietnamese neighborhood even now believes in it immediately after the collapse of FTX

As for the breakdown of the greats in 2022, remarkably there are 39% Vietnamese respondents responded that they had not heard of it. This is very odd due to the fact, in truth, the collapse of FTX and the legal troubles of SBF have been constantly up to date by each the mainstream press and cryptocurrency information web sites in our nation.

39% of Vietnamese have by no means heard of the collapse of FTX, Celsius or Voyager. Source: Consensys

Furthermore, it arrives 59% suggests that crashes like FTX, Celsius or Voyager have an impact on it to some extent mediumalthough alone 15% feel that there is flu hefty. To rebuild believe in in the market place, measures taken by inspectors involve: better transparency, clear controls and sanctions by legal authorities.

Not only the Vietnamese, German, Indian and South African communities have maintained their faith in the blockchain and cryptocurrency fields in spite of a tumultuous 2022.

Failures in 2022 do not significantly have an impact on market place self confidence. Source: Consensys

Globally, most folks feel that the declines have only a restricted result on the marketplace and can be progressively recovered with sensible improvement measures.

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