South Africa amongst biggest Blockchain markets in Africa

The Standard Bank and Crypto Valley Venture Capital (CV VC) African Blockchain Report revealed South Africa to be one of the top five largest fundraised for new blockchain ventures in Africa in 2021, with US$18.89 million raised to fund five blockchain and cryptocurrency companies.

CV VC, an initiator of Crypto Valley – the world’s most mature blockchain hub, with an enviable regulatory landscape and 14 blockchain Unicorns – published the inaugural report as part of the Blockchain Hub Conference taking place in Davos Switzerland.

The report provides a compelling structural overview of the emerging blockchain sector and insights regarding funding in Africa. Key themes highlighted in the report include:

  • The African continent’s emergence as a vibrant technology investment location
  • The countries that raised the most capital in 2021
  • A Q1 2021 vs. Q1 2022 comparison of venture funding for African blockchain startups
  • Reasons for the rampant growth of the blockchain sector

Click Here to Read Full Report.

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