[as]The report provided an expansive and insightful analysis of the emergent influence of blockchain and Web3.0 technologies within Africa, the Middle East and North Africa (MENA) region. It noted further that blockchain funding raised in Africa grew from $5.165 million in 2021, compared to $91 million in 2022. Illustrating the progress and latent potential of blockchain and Web3.0 technologies across Africa, the report painted a picture of Kenya’s forefront role in blockchain adoption and digital innovation. In South Africa, the report indicated the escalating adoption of Web3.0 and blockchain technologies that are revolutionising industries via secure and transparent data management in Southern Africa. These findings underline the transformative effect of blockchain and Web3.0 technologies in Kenya, South Africa and Nigeria, establishing them as major contributors to the digital revolution unfolding across Africa.

Source: The Guardian June 26, 2023 17:58 UTC