Sub-Saharan Africa is quickly becoming a leader in the cryptocurrency adoption race, with Nigeria and South Africa taking point. Even with regulatory challenges and bans, the region’s thirst for digital currencies is still widespread. This article takes a closer look at this rapidly evolving regulatory environment for crypto in Africa....
Nigeria isn’t just the largest Web3 market today – it’s a paradox. It proudly states a diverse and dynamic environment fueled by innovation and ingenuity. More than anything else, this restless environment is poised to catapult Africa to the front of the decentralized future. On the other hand, it grapples...
Nigeria’s Web3 ecosystem has proven impressive resilience and promise, pulling in $130 million in total funding. Despite this, the ecosystem is up against major obstacles, such as a tough regulatory environment and investor wariness. A look at the Nigeria Web3 ecosystem Recent data paints an optimistic yet challenging picture of...
Nigeria is bubbling with Web3 potential. Imagine a country where artists can bypass exploitative galleries, where small businesses can access global markets without crushing bank fees, and where individuals can own their digital identities and data. That’s the potential of Web3 in Nigeria—a potential powered by a youthful, bullish generation...
$811 million. Let that number sink in. That’s over 130 times the amount Nigerians lost in the CBEX “crypto” scam. This massive amount hangs the financial wellbeing of hundreds of thousands in the balance. Yet it would set Nigeria’s booming Web3 aspirations a staggering blow backwards. And it begs the...
Today, Nigeria is alive with tech entrepreneurial spirit —a.k.a. Its youthful, tech-hungry population is moving at a breakneck pace to expand and innovate with blockchain technology. DeliciousNFT.com is diving hands first into the thick of this revolution. It features five pioneering states, each of whom is taking daring steps to...
We're leading Africa in crypto adoption, that's a fact. But hold on a second and let’s get past the hype here and get to the real questions. But are we really asking whether this technology is doing the most good for the artists and communities that need it most? Or...
The African giant, Nigeria, is currently abuzz with the excitement of new technology. This time, the impetus is fueled by the potential of blockchain. We hear, over and over, how blockchain is going to change everything from land registries to student data. But before we uncork the champagne, let's ask...
The Algorand Foundation has recently established deep partnerships with three Nigerian states and the National Information Technology Development Agency. Identifying blockchain opportunities Together, they’re pushing the boundaries of blockchain innovation and practicality. These partnerships, created through the Infrastructure Investment and Jobs Act of 2024, will boost efficiency, transparency, and economic...
