Nigeria Ranks among Top AI Crypto Economies

Despite various moves by the Nigerian authorities to undermine crypto transactions and interest among Nigerians, latest raking puts the country among top 15 countries with highest interest in AI crypto.

AI Crypto refers to AI-linked blockchain products including a wide variety of services such as payments, trading models, machine-generated non-fungible tokens and blockchain-based marketplaces for AI applications where users pay developers in cryptocurrency.

Latest readings by Coingecko, world’s largest independent cryptocurrency data aggregator, positions Nigeria 14th of the top 15 countries where AI crypto is most rampant.

The report further shows that in total, the top 15 AI crypto countries account for a majority 74.4% market share of global interest.

The top AI crypto countries in 2024 are the US, which accounted for 18.9% share of global interest in the narrative, followed by the UK (9.1%) and Türkiye (6.5%).

The US and UK also led the meme coin craze last year, pointing to their importance in the crypto market.

Five other countries similarly led global rankings for both AI crypto this year and meme coins last year are India, Australia, Canada and the Philippines. This suggests that these countries are particularly reactive to crypto market narratives.

Meanwhile, Southeast Asia has shown particularly outsized interest in AI crypto coins, with four countries in the region ranking among the top 15. The Philippines came in 10th with a 2.8% share of global interest in the narrative, while Singapore and Indonesia accounted for 2.2% each and Vietnam 1.2%.

Within the European Union, the AI crypto narrative is most popular with the Netherlands (5.6% global interest share), Poland (3.2%), Germany (3.2%) and France (2.1%).

In Africa, Nigeria emerged as a lone ranger with 1.82% of global AI Crypto market share. Indications are rife that the African giant is playing in the crypto market below its potential because of many anti-crypto policies and regulations of the Nigerian government.