A New $5 Million Fund to Support African Web3 Builders
Core DAO, the organization behind the decentralized Core Chain protocol, has recently launched a $5 million fund to provide resources and networks to support builders in Africa. This fund aims to support blockchain projects and individuals on the continent through grants, builder programs, technical resources, and venture capital investments.
Rich Rines, an initial contributor at Core DAO, highlighted that the Core African Innovation Fund is not just a regular fund. It goes beyond providing monetary support and aims to nurture the next generation of builders in Africa, creating a sustainable and interconnected blockchain future within the continent.
Creating a Sustainable Future in the African Web3 Landscape
Core DAO considers Africa an important part of its community, which is why launching a fund to support Web3 builders in the continent is a logical step. According to Brendan Sedo, the fund combines grants and venture capital investments to help developers improve their products and contribute to long-term success.
With this initiative, Core DAO aims to drive growth and innovation within the African Web3 landscape. The foundation is committed to supporting the best projects and has appointed Oluwashina Peter as its first contributor from Africa to further strengthen its strategy for the continent.
Hot Take: Core DAO Launches $5 Million Fund to Accelerate Web3 Development in Africa
Core DAO has announced the launch of the Core African Innovation Fund, a $5 million initiative to provide support and resources to Web3 builders in Africa. This fund, which goes beyond monetary assistance, aims to nurture and empower the next generation of builders on the continent. By combining grants and venture capital investments, Core DAO is driving growth and innovation in the African Web3 landscape. The foundation’s commitment to long-term success and its focus on supporting the best projects showcases its dedication to creating a sustainable and interconnected blockchain future in Africa.
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