The African continent has been experiencing a rapid increase in blockchain technology adoption and investment. This growth is driven by the technology’s potential to address various socio- economic challenges, such as financial inclusion, supply chain inefficiencies, and governance issues. The analysis explores insights into crypto-related investments by examining various aspects such as the amount of funds raised by crypto projects, the primary focus areas of blockchain investment firms, their preferred funding stages, and the frequency of funding rounds conducted globally. Additionally, it maps institutions and companies within the blockchain sector in Africa using the Google Maps API. The investment data sources include the CryptoRank repository, Google Maps, and other triangulated data sources. While this analysis provides valuable insights from these datasets, it is important to acknowledge data gaps, particularly concerning companies and institutions not listed on Google Maps and investment firms not covered in the comprehensive dataset used.
Research & data modelling
Blockchain: Still Africa’s New Economic Frontier?
- By Design Lab
- November 4, 2024
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