Over 25 million Nigerians hold crypto assets, yet Web3 startups are underfunded. Why?
Over 25 million Nigerians are adopting digital currencies, particularly stablecoins like USDT. Nigerian Web3 startups raised only $20 million in 2024, a decline from $22 million in 2023.
Investor confidence in Africa’s blockchain industry renewed
Investors expressed renewed confidence in the African blockchain startup ecosystem at the CV Summit in Cape Town. Crypto Valley VC has raised the Africa Fund to invest in African crypto and blockchain startups.
