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? For one. As per to analytics firm Chainalysis, Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021. Africa, thanks to its high adoption rates in Kenya and South Africa as well as Nigeria and Tanzania, was the world’s third-fastest growing cryptocurrency market. And that’s not all. Chainalysis found that Africa is the leader in global crypto transactions volume from peer to peer. This indicates that crypto-unfriendly countries are finding more ways for consumers in Africa to circumvent explicit or implicit bans.