{"description":"Crypto aside, where’s web3 in Africa?

Web3 does not start and end with crypto, although that’s a critical part of it. The third iteration of the internet involves products, tools and services that are domiciled on blockchains, offering Africa the technology to leapfrog some of its native problems. While crypto is solving finance hassles, other applications of blockchain technology can offer respite to some of the continent’s core issues.

“We’re investing and accelerating blockchain startups that are solving pain points in the African economy,” said William Phelps, Venture Lead at Adaverse, on the panel with Shogo Ishida. “We also connect our portfolio companies to international investors which may not have had inroads into the continent,” he said. Speaking on the exciting solutions his team has backed in recent times, Phelped highlighted FonBnk, which bridges stablecoins to telco infrastructure and mobile money; Kotani Pay, which solves last mile payments by bridging crypto with USSD technology; and Momint, a South African upstart selling NFTs as tokens of real-life projects that can appreciate.

Yvonne Kagondu, co-founder of ICP Kushites, a regional body driving the adoption of the Internet Computer Protocol (ICP) in Kenya, was also present on the web3 panel. “Time and again, Africans have proven that when given the chance, they can lead the pack. Of the 25 ICP hubs globally, East Africa represents the second largest contributor to the network. We are building a network that is spinning out innovative solutions on the continent,” she said.

Africa is primed for web3 adoption. The continent’s communal structure and inherent problems are well-suited for blockchain-based solutions. A continent comprised mostly of young people, many of whom are fiercely embracing crypto, the future of technology in the continent can only be imagined as decentralised. This is a picture the existing data paints, a picture so clearly depicted as stakeholders gathered last week at Sarit Expo, the Nairobi mall that welcomed the world of African tech.

Editors Note: NODO, a product discovery and marketing platform, was part of the sponsors of the Africa Tech Summit. Speak to us at Caleb@nodo.xyz to learn how we can accelerate media and user onboarding efforts for your startup.

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Nice article. Very good update.

Ruth Imeobong Content Fellow of NODO
# Africa# NODO# Web3# Expert# Post

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Ruth Imeobong

Expert
Content Fellow of NODO
1 day ago
Nice article. Very good update.

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Anthony Ekanem
Worker of Accendis Social
2h ago
This is very enlighten post, very nice article and I learned from it

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Goodnews
Cashier of 0xThirdspace
2h ago
This is a very nice and enlightening piece
Thank you

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Udokpusung, Odot-ukpono Sylvanus
Secretary of Textile
2h ago
A very nice and interesting article for every crypto trader in Africa. This will make Africa crypto trader trade easily without stress, complaints and regrets. Recommendable update

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Tamunosiki Kelvin Dikibo
Staff of Dlabs Technologies
6h ago
In Nigeria, Crypto is the new money

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