Africa will be the largest growth market for Web3.

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Africa is becoming the global Web3 hotspot, not only catching up but also leading the pace of development. According to Gideon Greaves, Investment Director at Lisk, the combination of innovation driven by demand, entrepreneurial spirit, and venture capital is creating the most authentic cryptocurrency growth story.

From small traders in Nairobi accepting crypto payments, freelancers in Lagos using stablecoins to combat inflation, to farmers in Ghana selling directly through blockchain applications, Web3 in Africa is closely linked to solving real-world problems. Data from 2024 shows that stablecoins account for 43% of cryptocurrency transactions in Sub-Saharan Africa, serving as a "lifebuoy" rather than a speculative tool.

Unlike Silicon Valley, African Web3 startups focus on building products rather than chasing tokens. Lisk bets on this region as a growth driver, similar to how India once rose with the IT services industry.

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