• About
  • Advertise
  • Careers
  • Contact Us
Saturday, June 21, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home DisruptiveTECH

Web3: Core Chain Launches $5M Core Africa Innovation Fund

by Joan Aimuengheuwa
January 23, 2024
in DisruptiveTECH
0
Web3: Core Chain Launches $5M Core Africa Innovation Fund
Core Africa Innovation Fund

Core Africa Innovation Fund

UBA
Advertisements

Core DAO, the driving force behind Core Chain, has launched the Core Africa Innovation Fund to bolster the African Web3 sector. 

This $5 million Core Africa Innovation Fund aims to support a thriving sector of local Web3 builders and projects, facilitating the continent’s potential in the decentralised world.

“Africa is rapidly becoming a major hub for crypto and brimming with potential,” said Rich Rines, Initial Contributor at Core Chain. “With The Core Africa Innovation Fund, we’re excited to support and help develop that potential. This goes beyond just grants; we’re dedicated to nurturing the next generation of builders and crafting a sustainable, interconnected blockchain future for Africa.”

This move comes at a period stimulated by several factors. Africa has the world’s youngest and most internet-savvy population, a demographic increasingly embracing Web3 solutions. As the Chainalysis Report 2023 aptly notes, Africa also claimed the highest share of Bitcoin transaction volume globally between July 2022 and June 2023.

Recognising this fertile ground for innovation, Core Chain’s Africa Innovation Fund extends its support beyond just financial backing. 

The Core Africa Innovation Fund’s embrace is a multi-pronged approach, a fertile ground where promising Web3 projects can scale. Through targeted grants, builders find the fuel to ignite their ideas, across diverse verticals from gaming and stablecoins to cross-border payments and even real estate. 

But funding is just the seed. The Fund provides builders with the necessary tools and expertise needed in the ever-evolving Web3 sector. Workshops, tutorials, and access to Core Chain’s cutting-edge technology become their shovels and trowels. Builder programs create a growth ecosystem, boosting collaboration and support through connections with mentors, advisors, and fellow Web3 pioneers. Finally, strategic partnerships with accelerators and institutions act as sunlight and water, nourishing the ecosystem and allowing African Web3 success to truly flourish.

Core Chain is known for backing innovation, having recently participated in the $3.5 million seed round for Renzo Protocol, a liquid re-staking platform, and contributing to a $200 million ecosystem fund alongside Bitget and MEX.

The Core Africa Innovation Fund comes at a point where Web3 startup funding has witnessed a downward trend. In helping local talent, enhancing collaboration, and leveraging its own strengths, Core Chain wants to unlock the potential of African Web3, pushing the continent to the forefront.

 

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Core Africa Innovation FundCore ChainCore DAORich RinesWeb3
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
electricity estimated billing in Nigeria | NIEP

Eight million Electricity Users Still on Estimated Billing System

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

NITDA Commissions Abuja Fabrication Laboratory (FabLab 1.0) at NCAIR [PHOTOS STORY]

3 years ago
Mercury Bank Sets Date

Mercury Bank Sets Date to Close Accounts Associated With Nigeria…See Why

11 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.