Nigeria captures 33% of African blockchain deals as continent outpaces global adoption
- Nigeria accounts for one-third of all blockchain deals in Africa.
- Africa's blockchain funding is growing at twice the global rate, reaching 7.4% of venture funding.
- The median blockchain deal in Africa is $2.8 million, double the global median.
The growth of blockchain in Africa, particularly in Nigeria, presents a significant opportunity for investors and entrepreneurs alike. The emphasis on addressing real-world challenges through technology suggests a promising future for the continent's economic development. However, the disparity in funding capture highlights the need for increased global investment participation.
