As 2024 approaches we look at the growth in the African Web3 industry, with innovation and adoption set to conintue.

The list of African-owned or based Web3 projects continues to increase as various innovators find ways to use blockchain technology to fix some of the biggest issues on the continent and the rest of the globe. In this article, we look at the top African Web3 projects that are well-positioned to thrive in the new year.

2024 is tipped to be a bullish year for the entire Web3 space. Speculators are bullish on the price of cryptocurrencies as they await the approval of a spot Bitcoin ETF and the Bitcoin halving. Traditionally, Web3 projects, regardless of whether they have tokens or not, benefit immensely from the positive sentiments that follow positive price action. However, for projects to benefit from this, they must have put in the work during the bear run; hence the popular Web3 saying – “build during the bear.” Here is a list of African Web3 projects building in the bear.