Pixelverse

Solana

Bitcoin

Idle

Foundation

Flincap’s chief marketing officer (CMO), Oladotun Wilfred Akangbe, has emphasized that African crypto communities are getting closer to mainstream adoption. Ricards, a crypto industry observer,&nbsp; also added that Solana partnerships would not only drive Africa’s crypto adoption but also enhance continent-wide accessibility and provide ‘scalable blockchain solutions’.
Also read: <a href="https://www.cryptopolitan.com/bitcoin-miner-capitulation-cryptoquant/" rel="noopener noreferrer nofollow">Miner ‘capitulation’ in the Bitcoin network nears FTX implosion levels, CryptoQuant</a>&nbsp;
Akangbe said Solana was building a robust ecosystem across Africa through educational workshops, meetups, and hackathons. He affirmed that Africa’s Solana communities’ effects were slowly being felt despite market volatility.
<h2 id="span-style-font-weight-400-solana-champions-web3-adoption-in-africa-span">Solana champions Web3 adoption in Africa</h2>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🌍 SOLANA BOOSTS AFRICAN CRYPTO ADOPTION 🌍
 Solana partners with Flincap to drive crypto adoption in Africa, providing scalable blockchain solutions and enhancing accessibility for users across the continent.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Crypto</a> <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Solana</a> <a href="https://twitter.com/hashtag/Africa?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Africa</a> <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Blockchain</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#CryptoNews</a>
 — Ricards (@Ricardswo) <a href="https://twitter.com/Ricardswo/status/1809889835605258576?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">July 7, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Akangbe disclosed that several activities initiated by Solana supported the effective onboarding of many Africans into its ecosystem. He claimed these initiatives promoted the practical adoption of blockchain technology.&nbsp;
The CMO mentioned the Nigerian Solana Allstars as one of the active decentralized groups promoting Solana’s adoption around the world. He noted that such efforts pushed the crypto communities to focus on the ‘real-world utility of Solana’s projects.’&nbsp;
<blockquote>
 “Solana is actively involved in driving cryptocurrency adoption in Africa, leveraging its robust blockchain technology.”
 –<a href="https://x.com/Satoshi_Talks/status/1809971592056693180" rel="noopener noreferrer nofollow" target="_blank">Satoshi Talks</a>
</blockquote>
According to Satoshi Talks, the Solana ecosystem is suitable for the growing&nbsp; African market due to its high transaction speeds and low transaction fees (~$0.00025 per transaction).&nbsp;
<h2 id="span-style-font-weight-400-solana-attracts-african-crypto-communities-span">Solana attracts African crypto communities</h2>
According to Akangbe, Nigeria was at the forefront of showcasing Solana’s thriving African community in different parts of the continent. He mentioned that the Foundation had implemented many Solana-focused initiatives in his native country, Nigeria, to onboard more Africans.&nbsp;
The CoinEx exchange also affirmed that the Solana ecosystem had demonstrated resilience despite facing ‘network performance issues’ and the collapse of the FTX exchange. According to CoinEx, Solana’s DeFi sector underwent significant growth as its Total Value Locked (TVL) increased from $421 million to $1.27 billion.
CoinEx <a href="https://www.coinex.com/en/info/sol#intro-more" rel="noopener noreferrer nofollow" target="_blank">claimed</a> that Solana’s strategic partnerships highlighted the blockchain’s growing market relevance and influence with projects like The Heist, Reavers, and Idle Gaming. CoinEx also mentioned that Solana’s NFT market showed signs of substantial growth.
“The resilience of Solana is a story that will be passed down through generations.”
–<a href="https://x.com/THESAINTOSHI/status/1808123847087890857" rel="noopener noreferrer nofollow" target="_blank">TTOSHI</a>
Akangbe added that Solana was more ‘in tune’ with the crypto community problems it focused on solving in Africa. He pointed out that Africa already had a vibrant tech community that would be crucial for driving widespread adoption of the Solana ecosystem across the continent.&nbsp;&nbsp;&nbsp;
Also read: <a href="https://www.cryptopolitan.com/pixelverse-rides-on-pixeltaps-pixfi/" rel="noopener noreferrer nofollow">Pixelverse rides on PixelTap’s boom to launch PIXFI token on TON</a>&nbsp;
A statement by Solana Allstars revealed that the Solana crypto festival hosted by Nigeria was a mix of ‘Africa’s rich cultural heritage and tech.’ The community’s statement disclosed that the event celebrated Solana with’ a touch of Africa’s diverse culture.’
Cryptopolitan reporting by Collins J. Okoth

African crypto market is growing under Solana’s influence

İçindekiler

Cryptopolitan_News

7 Tem 2024 tarihli diğer yazılar

AVAX traders bet on price drop despite positive market indicators – Why?

Arbitrum (ARB) and Fantom (FTM) Could Be Good Bets For The Crypto Bull Market But Investors Are B...

Chainlink Price Analysis Hints $20 Rally Amid Whale-Driven Momentum

Bitcoin’s Power Law Support Suggest BTC Cycle Top in October 2025 Based on Historic Patterns

The power of play: Web2 games need web3 stickiness | Opinion

Bitcoin Mining Difficulty Declines by 5% to 79.50 terahashes

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!