Whatever you prefer to call it — crypto, blockchain or Web3 — this new segment of the digital economy is booming across Africa. If you’ve been sleeping on the sector, now’s a good time to wake up.

Why? Why? According to analytics firm Chainalysis, Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021. Africa was the world’s third fastest-growing cryptocurrency market, thanks to its high adoption rates in South Africa and Nigeria. And that’s not all. Chainalysis discovered that Africa has the highest share of global cryptocurrency transaction volume via peer-to-peer. This is a sign that consumers from Africa in crypto-unfriendly areas are more likely to find workarounds for explicit and implicit bans.