The Nigeria-based African Blockchain Lab has received a US$6 million pre-Series A investment to fund the launch of its crypto wallet VIBRA. Founded by blockchain venture studio Everest Ventures Group, African Blockchain Lab is a blockchain technology company and the builder of African crypto app VIBRA. The funding will see Africa Blockchain Lab rollout VIBRA and add new features like VIBRA Earn, a crypto asset saving product that lets users earn interest on a variety of crypto assets. “African Blockchain Lab was founded with a singular mission – to drive the mass adoption of digital assets and blockchain technologies in Africa. With the backing from our strategic investors, we intend to bring world-class tech stacks, projects and innovation to the African continent, starting with our first product VIBRA,” said Vincent Li, co-founder of African Blockchain Lab.

Source: The North Africa Journal December 17, 2021 15:07 UTC