Sats & Gwei | Africa crypto Adoption Uponly, despite bear market. Nigeria’s vice president speaks on web3!

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

It’s been a lively week. Rwanda got selected for crypto firm Polygon's continental tech boot-camp, Bitmart unveiled South Africa’s first utility-backed NFT and lots more. The Polygon Africa bootcamp program aimed at bringing more than 2000 developers across many African countries will allow developers to innovate by building decentralized applications on the polygon blockchain that can be applied to solve real life problems. WIth top performers standing a chance to win prizes, up to $10,000, it promises to be amazing. Bitmart, on the other hand, will be launching their NFT project in the form of a card game.

Nigeria continues to make headlines. The insane fall in the price of crypto assets and tokens has seen a lot of individuals and countries at large lose faith in crypto, selling off their assets and criticizing the rest of the pack. However, Nigerians still flock to crypto during this time, as usage has been on the high. The country continues to hit new highs and is showing no sign of slowing down. The Vice President of Nigeria can testify to this as he believes that Nigeria has positioned itself as a leader in the African digital economy space. According to an address in Abuja, he believes Nigeria is in a better position to be significant players in web3.

Ghana is having their fair share of web3 education as well. 'The African Artist', Oni Onochi at his exhibition urged Ghana to invest in the Creative Arts sector to drive wealth. With the surge in the NFT space, and reputable companies and artists leaving their digital footprints all across the ecosystem, he sees art as the only way the country can boast of its creative and artistic output.

Despite the fact that we are in a bear market, some companies are still looking to scale even further. African crypto exchange Yellow Card seeks major expansion. After receiving series B funding of $40 million, YellowCard has set their sights on doing more. The African cryptocurrency exchange is looking to scale as the company plans on being the first African crypto unicorn the world has ever seen. With thoughts of getting to all 54 countries in Africa, we can say that there is no stopping these guys.

All these and more in this episode. Do enjoy.

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Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

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