- Cryptotimes Africa

Blockchain and Africa’s Creative Economy: Protecting Intellectual Property for Artists and Creators

by Dare Afolabi November 30, 2024

Africa's artists and creators have long faced obstacles on their path to success From counterfeit goods to exploitative contracts, the continent's creative economy has struggled to protect the intellectual property of its most talented innovators. According to UNESCO, the creative sector in…

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Digital Land Ownership: Can Blockchain Solve Africa’s Property Rights Crisis?

by Dare Afolabi November 22, 2024

Digital land ownership represents a transformative opportunity for millions across Africa, where land embodies not just soil and boundaries, but also cultural heritage, economic opportunity, and generational wealth. Yet, secure land ownership remains an elusive dream for many. Currently, only 10%…

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Experts highlight Blockchain, AI, eCommerce potentials for Africa

by Terry Kunle November 21, 2024

Technology experts at the Africa Tech Alliance Forum (AfriTECH 4.0) held in Lagos recently, highlighted the transformative potentials of blockchain and AI in positioning Africa as a global technology leader. Mr Kashifu Inuwa Abdullahi, the Director-General of the National Information Technology Development…

Pan-African Cryptocurrency - Cryptotimes

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The Pan-African Crypto: Could a Blockchain-Based Currency Unite the Continent?

by Dare Afolabi November 15, 2024

As Africa moves into 2024 with a promising GDP growth forecast of 3.5%, up from 3.1% in 2023, the continent faces a key moment in its economic progress. Despite global headwinds, this growth trajectory signals Africa's resilience and untapped potential. Yet…

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How Web3 Can Power Financial Inclusion Across the Continent

by Dare Afolabi November 8, 2024

In a continent where financial services often elude a significant portion of the over 350 million unbanked adults, Web3 technologies can offer practical solutions to age-old financial barriers. According to the World Bank, approximately 57% of Africa's population lacks access to…

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Blockchain Brain Drain: Retaining Africa’s Brightest Minds in the Decentralized Technology Boom

by Dare Afolabi October 31, 2024

In the first half of 2024, blockchain captured 6.4% of Africa’s total venture funding and 12.5% of all deals—well above the global averages of 3.5% and 5.9%. With a global downturn in blockchain funding in 2023, African ventures raised $135.4 million, with a…

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How crypto is shaking up remittances in Africa

by Terry Kunle October 26, 2024

There are more than 200 million people relying on cross-border transfers to send money home, and more than 800 million people benefit from these transactions. Remittance flows in low- and middle-income countries, according to the World Bank, reached US$656-billion in 2023. However, Africa continues to struggle…

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Three Ways Artificial Intelligence (AI) Tools Can Help Drive Efficiencies for Small Businesses

by Terry Kunle October 24, 2024

Almost everywhere you look today the use of Generative Artificial Intelligence (AI) is there. According to this year’s GoDaddy (www.GoDaddy.com) Global Entrepreneurship Survey, 94% of respondents reported that digitization has already noticeably improved the work processes in their small business. GoDaddy shares…

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The Future of Crypto Regulation in Africa: Balancing Innovation with Compliance

by Dare Afolabi October 23, 2024

In recent years, Africa has seen a cryptocurrency use and innovation surge. In 2023, Sub-Saharan Africa received approximately $125 billion in on-chain cryptocurrency value, marking a $7.5 billion increase from 2022, with Nigeria leading the continent with a 66.8% share of cryptocurrency…

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Polygon (POL) and Solana (SOL) Near Key Resistance: Could Cybro Outperform Them Both?

by Terry Kunle October 20, 2024

Two prominent digital coins are nearing significant barriers in their price movements, capturing the attention of traders everywhere. While Polygon and Solana edge closer to these pivotal points, a new contender, Cybro, is rising rapidly. Could this emerging asset surpass them both…