Nigeria raised $49.6m for 18 new blockchain ventures in 2021, Standard Bank and Crypto Valley Venture Capital say in their inaugural African Blockchain report.
- Seychelles raised $33.8m to fund four companies, Kenya $20m for one firm and South Africa $18.89m to finance five enterprises
- Blockchain funding grew 11 times faster than all other sectors in the year
- Venture funding for African blockchain startups far outpaced the growth seen in general African venture funding in 1Q compared with the same quarter a year ago -- 1,668% vs 149% -- 11 times the level of growth y/y
- “The findings demonstrate how nations ...
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