Web 3.0 in Africa:
Trends, Transformations and Triumphs
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All Articles
September 13, 2024
Africa, Blockchain, Newsletter
Kenya: 3 Major Things That Changed Crypto Landscape in 2024
The Kenyan cryptocurrency landscape has undergone a significant transformation this year, with new trends emerging. In the past 12 months, there has been rising interest in crypto token airdrops, with recent protests momentarily fueling retail demand for crypto. It is also during this period that the Worldcoin crypto project in Kenya was suspended and then allowed to operate again.
August 29, 2024
Africa, Blockchain, Newsletter
Nigeria’s Blockchain Plan and Its Impact on 5 Areas of Crypto Landscape
Nigeria has emerged as one of the most active countries in the world for cryptocurrency usage, ranking among the top in peer-to-peer (P2P) trading volumes. The country tops Africa in Web3 potential, and has been making strides to make crypto and blockchain mainstream in the past two years. However, there are still stumbling blocks along the way.
August 23, 2024
Africa, Blockchain, News
NODO Debuts Prediction Market, Attracts 300,000 Crypto Users
Since 2023, EMURGO Africa’s portfolio company [NODO](http://nodo.xyz) has cultivated a vibrant community of over 300,000 blockchain enthusiasts across 14 countries. Through strategic partnerships with industry giants like [Tether](https://news.bitcoin.com/tether-nodo-partner-to-drive-stablecoin-and-bitcoin-education-in-africa/), NODO has solidified our reputation as a trusted platform for blockchain education, product showcases, and connecting innovative projects with international investors.
July 31, 2024
Africa, Blockchain, Newsletter
InsurTechs Tap Web3 to Tackle Africa’s Biggest Problem
Africa relies heavily on agriculture for its economic development. [Up to 70%](https://www.afdb.org/sites/default/files/documents/publications/aeb_volume_8_issue_3.pdf) of the African workforce is in the agricultural sector, but changes in climatic conditions in recent years mean many farmers no longer record as high yields as they did two decades ago. Despite agriculture [contributing 23%](https://media.heifer.org/About_Us/Africa-Agriculture-Tech-2021.pdf) to the continent’s GDP, limited access to credit and crop insurance, and inefficient supply chains have led to heightened food insecurity, with the Food and Agriculture Organization (FAO) data showing that [one in every five Africans](https://www.fao.org/documents/card/en/c/CC8743EN) (282 million people) goes to bed hungry everyday. [Only](https://www.financialprotectionforum.org/sites/default/files/Day%203_Session%202_ACRE%20Africa.pdf) [3%](https://www.financialprotectionforum.org/sites/default/files/Day%203_Session%202_ACRE%20Africa.pdf) of smallholder farmers in Africa have access to agricultural insurance, according to the World Bank.
July 17, 2024
Africa, Blockchain, Newsletter
A Perfect Storm for Africa’s Blockchain Revolution
Africa, the world's youngest and fastest-growing continent, is experiencing a surge in blockchain adoption. This burgeoning ecosystem, driven by a confluence of factors, holds immense potential to revolutionize financial inclusion, identity management, and even environmental solutions. Africa's embrace of blockchain stems from several key challenges and opportunities. A large portion of the population remains unbanked, lacking access to traditional financial services. Blockchain, with its decentralized nature and low barriers to entry, offers an alternative financial system. Mobile money penetration is already high across Africa, creating a familiar digital infrastructure for integrating crypto and blockchain-based solutions.