Venture funding for African crypto startups grew 11x in 2022: Report -Breaking
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In 2022, venture capital for African crypto startup companies grew 11x: According to a reportAfrica continues to expand. Adopt crypto and blockchain, more venture funding flowed into the continent in 2022’s first quarter compared to the first quarter of 2021, according to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank.
The report, titled “The African Blockchain Report 2021,” ShowsIn the first quarter of 2022, blockchain startups raised $91 million. This year’s cash flow increased by 1,668% compared with 2021’s YoY increase of 149%. That is more than eleven times the CV VC estimate.
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