Venture Capital Fuels Africa’s Web3 Expansion: From Speculation to Infrastructure

Africa is experiencing a surge in the adoption of Web3, fueled by a new wave of venture capital (VC) funding. This shift marks a departure from speculative investments and emphasizes the building of sustainable, functional infrastructure for a more reliable Web3 experience. The rise of blockchain-based solutions is addressing critical challenges within traditional financial systems, such as cross-border payments and financial inclusion, positioning Africa to become a leader in decentralized finance (DeFi). This growth highlights a new era in Web3 development.