Seychelles Leads African Blockchain Funding Amid Shifting Market Trends
Seychelles attracted 31% of all blockchain funding in Africa, totaling $38.35 million. In 2022, Seychelles secured $209 million in blockchain funding, which dropped to $89 million in 2023.
Seychelles dusts Nigeria, South Africa, others as it recieves 33% of Africa’s blockchain funding
Seychelles received 31% of all blockchain funding in Africa, totaling $38.35 million. In 2022, Seychelles received $209 million, representing 43% of African blockchain funding.
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.
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.
