Tag: blockchain technology in Africa

How Africa Can Leverage the NFT Sales Surge for Economic Growth

NFT sales surge hits 90.74% in a single week, generating $179.48 million globally. Ethereum NFTs led with $67.72 million in sales, followed by...

BRICS Alliance Expansion: What It Means for Africa’s Cryptocurrency and Blockchain Future

Analysts highlight BRICS's reliance on market growth for development, supporting cryptocurrency ecosystems.   BRICS alliance expansion includes African nations, driving blockchain adoption. BRICS's...

Examining the progress of the African Metaverse

The African Metaverse has the potential to foster cross-cultural understanding and collaboration. By bringing people from different parts of Africa together in a shared virtual space, the Metaverse can help to break down barriers and build bridges between different communities and cultures. Essentially, the African Metaverse is a new frontier for digital innovation, potentially transforming many aspects of society. The African Metaverse can shape the continent’s future by democratizing access to digital content and services, creating new economic opportunities, and fostering cross-cultural understanding.

Is cryptocurrency detrimental to web3 adoption in Africa?

In 1991 Stuart Haber and W. Scott Storenta were the first to perceive blockchain technology. Bitcoin became the pioneer of blockchain technology in...

Blockchain in insurance, the next step for DeFi

Insurance is a contract represented by a policy in which the policyholder receives financial protection or reimbursement against loss from an insurance company. ...

Cardano in Africa partners with Emurgo to support cross border payments

Adaverse Accelerator is a Cardano ecosystem accelerator aggregating entrepreneurs, strategies and mentors innovators. Emurgo is the official commercial arm and a founding entity...

Proof of Reserve saves Africa’s crypto Industry from fake blockchain companies

Proof of Reserve or, in layman's language, crypto audits in blockchains are now the new criteria for secure blockchain companies. Africa's crypto...

Blockchain smartphones potential in Africa’s mobile Industry

The mobile usage rate in Africa has exponentially grown, leading to the growth of various industries such as Uber and Jumia Blockchain smartphone...

Blockchain in education; transforming Africa’s education system

In Africa, Only 76% of young people attend primary school, while less than 10% attend university. Web3 technology can curb various constraints...

Web3Africa.news partners with Onramper to launch fiat-to-crypto service on its platform

Web3Africa.news is the first pan-African Social Network and Web3 integrated platform with a primary objective of providing news, media and education, dApps, events,...

Africa: the importance of understanding the crypto market and investment dynamics

Cryptocurrencies have been very rewarding to some investors. However, a large number of people and institutions have lost their investment in the process. Therefore, African crypto enthusiasts and investors must understand the crypto market and trading dynamics.

Inside EkoLance partnership with TechonomyAfrica to boost the growth of web3 and blockchain

The initiative by EkoLance and TechonomyAfrica directly contributes to five of the United Nations’ SDGs. These include gender equality, education, entrepreneurship, innovation, and social inclusion. Although emerging economies have historically maximised such innovative technology, the initiative will change that pattern for this wave of tech, according to Linda.

Decentralized finance faces numerous hurdles to widespread adoption

Decentralized exchanges (DEXs), borrowing and lending platforms, and yield farms are all protocols in the DeFi area. Users may participate in the DeFi ecosystem more efficiently since there are no centralized middlemen. However, there are also more significant dangers. These dangers include protocol codebase flaws, hacker attempts, and malicious protocols. Combined with the extreme volatility of the crypto market in general, these dangers may make it more difficult for DeFi to gain widespread acceptance among typical consumers. On the other hand, workarounds and improvements in the blockchain domain may solve these problems.

The metaverse economy: NFTs spur growth of societies within immersive virtual worlds

The economy in the metaverse banks relies on digital properties' authentication. These properties include one's metaverse home, automobile, farm, books, clothing, and furniture. The metaverse economy also requires the capacity to travel freely and trade between worlds with various laws and rules to thrive.

Blockchain applications Africans should be excited about

Technology like blockchain can swoop in and take care of problems while unleashing the potential in the continent Africa as a continent is...

Crypto and blockchain can lead the world to environmental sustainability

As an emerging technology, blockchain has attracted the attention of a wide range of organizations, including energy corporations, startups, technology developers, financial institutions, and...