Sunday, May 26, 2024

African Blockchain Early-Stage Fund Launched by Crypto Valley Venture Capital.

Crypto Valley Venture Capital (CVVC) Funds Africa to Propagate Blockchain

Here are the reasons why CVVC chose to back African start-ups!

African Blockchain start-ups are now funded by a Switzerland-based ‘Crypto Valley Venture Capital’. This venture capital firm has also partnered with the Swiss State Secretariat for Economic Affairs (SECO).

What is this mission about?

They are on a mission to amplify and accelerate upcoming companies in the African subcontinent, who are new users of cryptocurrencies like (1) Bitcoin (BTC) 2. Bitcoin Cash (BCH) 3. Ethereum (ETH) 4. Cardano (ADA) 5. Dogecoin (DOGE) 6. Binance Coin (BNB) 7. Polkadot (DOT) 8. Stellar (XLM) 9. Stablecoins.

CVVC planned to invest in countries/continents that were making use of Blockchain as a service. They initiated their mission to fund 100 such startups for crypto mining, decentralized finance, and their use of Blockchain in Finance.

How does this mission help African Economy?

After Crypto Market Analysis, in Africa, they have currently funded 12 startups by now who have crypto hardware wallets.

With the adoption of Altcoins, ERC20 tokens, Big Data and Blockchain, Africa has become the fastest-growing continent.

Cryptocurrency Regulation News in different countries says that it is the reason behind why the African economy is thriving.

A Conclusive Remark By Venture Capital Firms

It’s a big deal for startup companies in Africa to receive as much as 53% funding backup from venture capitalists. The VC firm – Gideon Greaves is reportedly on a mission to create and manage a data-driven bench-markable account of startups in Africa who have initiated and promoted the use of Blockchain. This will fortify their economy, and facilitate more funding for future African startups.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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