Nigerian Web3 Startups Secures $130 Million Funding Despite Global Economic Challenges

Nigeria continues to lead in Web3 innovation, raising a remarkable $130 million for over 80 startups in 2024. The nation’s thriving Web3 ecosystem is fueled by a growing developer base, grassroots initiatives, and increased blockchain integration within financial sectors. This funding surge highlights Nigeria’s emerging position as a global hub for Web3 development, according to the “Nigeria Web3 Landscape” report released by Hashed Emergent, a venture capital firm partnering with Quidax, Convexity, Web3bridge, and Infusion Lawyers. )