The post Africa’s global share of blockchain deals hits ATH of 1.8% in H1 2024 appeared on BitcoinEthereumNews.com.

CV VC’s African Blockchain Report shows Africa’s share of the year-on-year (YoY) global blockchain venture funding rose to 1.3% in 2023. The report further unveiled growing confidence and interest in the continent’s ventures as it’s global share of blockchain deals increased to an all-time high of 1.8% in H1 2024. Also Read: African crypto market is growing under Solana’s influence  The report revealed that Africa secured $545 million in blockchain venture capital from 96 deals during the first half of 2024. The CV VC data showed that the continent’s share of global venture funding in H1 2024 had reached 0.33%, a drop from an all-time high of 0.62% in the first half of 2023. The data also confirmed a 0.83% share of global venture deals in H1 2024 compared to 1.08% in 2023. Africa’s interest in Web3 and blockchain development is on the rise 🌍The latest edition of the CV VC #AfricanBlockchainReport is live! Download the free report now: https://t.co/hFxWlkqSum Uncover the latest developments of blockchain and Web3 on the African continent with our African Blockchain Report, co-published by @Absa_CIB Download the… pic.twitter.com/xJVFLwIjsv — CV Labs (@CV_Labs) July 16, 2024 The CV VC data unveiled that Africa’s global share of blockchain deals in H1 2024 increased to an all-time high of 1.8% while funding dipped to 0.6%. Notably, blockchain businesses in Africa raised $34.7 million (-74%) across 12 deals (+9%) during the first half of 2024, according to CV VC’s data.  Statistics from the CV VC report showed that the median deal size was $2.2 million in H1 of 2024, which was 8% above the global median.  The report confirmed that blockchain venture funding in the continent accounted for 6.4% of the total venture funding within the continent and 12.5% of the total deal share. The higher percentages of Africa’s…

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Filed under: News - @ July 17, 2024 1:20 am