Three digital platforms, Humanity Node Protocol (HNP), Web3Africa, and Adanian Labs have formed a partnership known as the African Startup League to empower 10,000 startups across Africa. The enterprises will compete for a grand prize of $1,000,000 and access to required tools such as talent, new markets, and resources to scale their businesses and monetize their ideas.
Aly Ramji, Managing Editor and Co-Founder of Web3Africa, the first Pan-African crypto-social network platform said, “A new startup ecosystem is forming in Africa to address the continent’s most pressing issues using crypto and blockchain technology. In the midst of the next digital revolution of the global economy, Africa has yet to realize the promise of blockchain technology fully. So we are committed to changing the perception and understanding among millions across the continent.”
The African Startup League aims to demonstrate how the cryptocurrency and blockchain industries are expanding across the continent, as well as how businesses are deploying these technologies in a region that is typically seen to lag behind in the adoption and use of cutting-edge digital technology.
“Blockchain and Africa are inevitable. There is no bigger opportunity on the planet today to do good for humanity and get returns while at it,” said Marcus Dukes, the Founder of the Humanity Node Protocol (HNP).
As part of this initiative, at least 300,000 investors from Africa will receive NFTs from Humanity Node Protocol.
“As we’ve seen leapfrogging from the developed world, African techpreneneurs and future innovators can deploy new technologies for the betterment of the continent,” Dukes added.
For individuals who are chosen, HNP estimates that this business model might produce $1,000 in monthly revenue.
Conclusively, John Kamara, Founder of Adanian Labs emphasized, “The opportunity for young Africans to take part in this initiative has come at a time when the world is witnessing a change in how decentralized finance and blockchain technologies are impacting societies globally and they stand to benefit from this change.”
“We are using our unique positioning to create and spearhead the sharing economy for Africa by building a socio-economic ecosystem revolving around the sharing of resources, creation, production, distribution, trade, and consumption,” he added.