Category: emurgo africa

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Africa’s Crypto Market Grew by 1,200% Between 2020 and 2021 — Study

July 1, 2023

Between the years 2020 and 2021, Africa’s cryptocurrency market grew by more than 1,200% while Kenya, Nigeria, South Africa, and Tanzania now all feature in the global top 20 for crypto adoption, according to the latest Emurgo State of Web 3.0 in Africa report. Africa’s Share of Global Blockchain Funding Still Under 1% According to…
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Cardano to Invest $100 Million to Fund Decentralized Finance Projects

September 29, 2021

Emurgo, the financial arm of leading cryptocurrency project Cardano, has announced it will invest $100 million in the development of decentralized finance-based products for the ecosystem. The company will spin two subsidiaries for this task, with one being fully dedicated to incentivizing the creation of Africa-based startups that use the Cardano blockchain in the development…
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