Grow Africa, Grow Cardano
It's no secret that Cardano is recognized as a blockchain with a strong focus on Africa, and formally stated as such in Cardano's strategic goals. However, as other blockchain protocols recognize the potential of crypto in Africa, without concrete sustained action, Cardano risks losing a potential $1 trillion in market share of the African market to other blockchains within the next 3 years.
- Africa's crypto market has grown by $105 billion in the last year (2020-2021). Africa is the next crypto frontier- World Economic Forum
- Alameda Research, Coinbase Ventures, Cadenza, CMT Digital, Distributed Global, GSR, Third Prime and Avon Ventures: African Crypto Exchange VALR Raises $50M in Series B Led by Pantera Capital: https://www.coindesk.com/business/2022/03/01/african-crypto-exchange-valr-raises-50m-in-series-b-led-by-pantera-capital/
In Catalyst Fund7 the combined Africa funded projects amount was almost negligible compared to those from western and developed economies. https://twitter.com/danny_cryptofay/status/1496078645319933954?s=20&t=Ohr06EIZW05vz_B4Fjk_JA
This needs to be reversed through intentional action. Otherwise smaller and smaller portions of Catalyst funding will continue to be allocated to projects focused on African and other emerging economies due to endemic barriers.
"Having a funding round that focuses on Africa is a win, win, win scenario. Africa wins by getting some backing. Commercial projects that are already building up in Africa win, because they get the signal of support from our community. Cardano holders win when there is an encouraging environment for mass adoption anywhere. Focusing on Africa is a strategy that has often been promoted and is openly pursued by IOG and Charles Hoskinson. The ROI is likely to be high because community sponsored projects are better run in young and developing economies." Greg Bell; (originator of the Grow Cardano series)
Why is it important?
We need to look at the fundamentals that are preventing Africa from being a Cardano adoption leader, rather than a perpetual follower.
How does success looks like?
Practical innovations offered on tackling the unique challenges faced by the continent. A clear roadmap that points to increased adoption.
Key Metrics to measure
- Number of proposals addressing the fundamental issues preventing Cardano adoption in Africa
- Number of proposals offering solutions to infrastructure and education concerns
- Number of new Africa-based users onboarded onto Cardano (wallets, platform sign-ups)
- Number of new Africa-based Catalyst members (proposers, voters, CAs)
- Number of new African projects seeded in 2022
- Number of African developers onboarded in 2022
- Local impact (measurable through user activity and reach)
- Local partnerships formed (size of institution + influence)
Workshop 4-days in Angola
$22,946
Requested
WIMS Cardano Girls Education
$22,553
Requested
Solution: WIMS-Cardano will establish and successfully run Maths, Finance, Haskell, Plutus, Marlowe, Smart Contracts Development, etc clubs for girls in schools, communities and online to promote girl education
WeCare: Unlocking Human Finance
$84,465
Requested
Solution: By utilizing the power of the Cardano blockchain, WeCare will disrupt the inefficiencies & corruption in the nonprofit industry, and empower recipients of aid by providing transparency & traceability.
Wada Internships->African Students
$26,500
Requested
Solution: Develop and launch an internship program that caters to students and recent graduates in Africa. This program will consist of onboarding, training, then connecting them with Catalyst projects.
Vaccines and Family Medical Record
Quick Pitch
$26,965
Requested
US-Kenya Based WOT Remittance Chain
$10,000
Requested
Solution: American branch incentivizes migrants already sending remittances to switch to this trust-chain, which is zero cost. The other end, in Kenya, has KYC built in by the Bank of Kenya and is an OpenAPI.
Ubuntu Informal Biz Credit DApp
$67,950
Requested
TV Series ft. Cardano: awo.AI
Quick Pitch
$28,675
Requested
Translate Pool Peek Mobile: Swahili
$2,400
Requested
TiDi Nation - Grow Africa
Quick Pitch
$80,000
Requested
The tokenization of real estate
Quick Pitch
$41,000
Requested
The Story Bank
$23,090
Requested
Solution: The Story Bank provides a way to preserve the stories of our ancestors by going into local communities and bringing those stories on chain and ensuring they last for generations to come.
The Africa Catalyst School
$11,680
Requested
TECH-E
$45,000
Requested
Swahili Learn to Earn
Quick Pitch
$38,200
Received
$38,200
Requested
Sustainable Coffee to Earn 🌍☕️✍️
$41,429
Received
$50,000
Requested
support for education
$59,525
Requested
Solution: Considering the above traumatic effected We believe that by implementing the school care project for children affected registering them in the cardano system for a reliable and database can relieve,