Experts say Africa is poised to be disrupted by web3 in a similar fashion that has seen Southeast Asia become one of the best markets for web3. The latter is home to startups like Axie Infinity and Yield Guild Games, which have raised millions of dollars in venture capital owing to the adoption of crypto and play-to-earn models.
The mix of positives, such as a fast-growing population — the youngest globally — solid smartphone penetration and increasing crypto adoption, and negatives like low GDP per capita across the board and unemployment makes Africa the next ripe ground for web3.
