Crypto firm BitDAO approves AfricaDAO’s proposal to receive $20M as funding to accelerate Web3 adoption across Africa.
Authored by members of AfricaDAO, Windranger Labs, and Polygon, among others, the proposal was posted on Snapshot on August 2 and received overwhelming support within a week as more than 35 wallets contributed $181M to fund this venture.
The proposal highlights Africa as the next growth market for crypto, thanks to one of the youngest populations in the world that will help launch the future of Web3. The allocation of the funds will be as follows:
AfricaDAO has already received $105M in soft commitment in its venture, and thanks to the $20M funds from BitDAO, it will launch a three-pronged strategy to increase Web3 and crypto adoption across the African continent.
Crypto firm BitDAO approves AfricaDAO’s proposal to receive $20M as funding to accelerate Web3 adoption across Africa.
Authored by members of AfricaDAO, Windranger Labs, and Polygon, among others, the proposal was posted on Snapshot on August 2 and received overwhelming support within a week as more than 35 wallets contributed $181M to fund this venture.
The proposal highlights Africa as the next growth market for crypto, thanks to one of the youngest populations in the world that will help launch the future of Web3. The allocation of the funds will be as follows:
AfricaDAO has already received $105M in soft commitment in its venture, and thanks to the $20M funds from BitDAO, it will launch a three-pronged strategy to increase Web3 and crypto adoption across the African continent.