It seems like every day now, leading blockchain networks are announcing new Africa-focused initiatives. Ethereum, Cardano, Stellar, Celo and others seem to be actively jockeying for position in the race to build and mold Africa’s emerging Web3 economy in the last twelve months alone.

The Ethereum Foundation committed resources to an insurance program with over 6 million farmers in Kenya.

The Stellar Development Foundation announced several initiatives including a partnership with African unicorn Flutterwave to launch new Europe-Africa remittance corridors, an investment in a Nigerian remittance platform, blockchain boot camps for African startups and a $30 million matching fund, which has already invested in Afriex, an Africa-focused company with users across Nigeria, Ghana, Kenya and Uganda.

The Celo Foundation announced some initiatives of its own, such as a collaboration with a Burkinabe startup to launch a stablecoin that tracks the value of the CFA franc, a partnership with Mercy Corps Ventures on a pilot in Kenya to drive financial inclusion among gig workers, equity-free grants to a number of African projects as part of its Wave IV Grant Program, support of various early-stage African companies via the Celocamp boot camp, and a Founders in Residence program that saw Africa-focused founders comprise 40% of the first cohort.

And Cardano was busy across the continent as well. Cardano chief Charles Hoskinson completed a tour of African countries from South Africa to Egypt and outlined Cardano’s vision for the continent, Cardano’s Africa-focused commercial arm EMURGO Africa was established in Kenya with plans to invest $100 million in over 100 pre-seed blockchain startups within three years, EMURGO Africa announced investments in Adanian Labs and Adaverse, and Cardano announced a partnership with Kenya’s Pezesha to build a “peer-to-peer financial operating system.”