For instance, the African blockchain landscape is currently attracting significant funding from prominent venture capital firms as well as angel investors.
The report further clarified that in the first three months of 2022, venture capital funds invested $91 million into several African crypto startups.
This came at a time when the broader crypto market was stumbling due to the Terra implosion, rising inflation, and ongoing geopolitical challenges.
Seychelles-based crypto exchange KuCoin raised $150 million, which has since been dubbed the “mega deal” for the African blockchain market.
Recently, cryptocurrency exchange AAX commissioned a survey in conjunction with Forrester Consulting to assess cryptocurrency adoption across Africa, Latin America, Southeast Asia, and the Middle East.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.