Nigeria has become Africa’s fastest-growing Web3 developer hub as after contributing 4% of all global new Web3 developers, the highest from any country in Africa.
This was according to Hashed Emergent, a venture capital firm accelerating web3 adoption in Africa and other emerging markets, in its recently released ‘Nigeria Web3 Landscape’ report.
“Nigeria contributed 4 percent of all global new Web3 developers—the highest from any country in Africa,” the report said.
It cited that Nigeria’s developer ecosystem is one of the country’s strongest growth signals. “In 2024, the country recorded a 28 percent year-on-year increase, reaching 1.1 million total developers”.
The report positioned Nigeria as Africa’s most active web3 market, shaped by its fast-growing developer base, consistent grassroots innovation, and increasing integration of blockchain technology in both financial and public sector systems.
The Chief Executive Officer and managing partner at Hashed Emergent, Tak Lee,, said, “Nigeria’s momentum in web3 adoption will not only shape the future of digital innovation locally but also serve as a catalyst, leapfrogging Africa to the forefront of the global web3 economy”.
In the Nigeria Web3 Landscape Report 2024, over 80 web3 startups founded by Nigerians have collectively raised more than $130 million to date.
