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Browsing: African blockchain startups
- African tech startup funding received $3 billion in 2022, highlighting the growing significance of the industry among potential financiers.
- Africa’s share of global blockchain funding, however, remains modest, increasing from 0.3 percent to 1.8 percent between 2021 and 2022.
- Seychelles’ gained $208 million for six deals while and South Africa earned $176.6 million from the same number of blockchain deals.
Blockchain startups in Seychelles and South Africa received nearly all the fresh funding raised in the segment in 2022. A new report shows blockchain startups from the two countries shared 81 percent of the $474 million fresh funding realized last year.
According to the African Blockchain Report 2022 by venture capital firm VC VC, startups in this segment are well within the fourth Industrial Revolution and are projected to play a huge role in Africa’s tech industry.
In 2022, Africa’s tech industry grew significantly as more investors poured millions of …