A Nigerian Web3 startup that has recently shut down due to funding challenges, highlighting the difficulties in the blockchain sector.
AyaHQ is raising $10 million to build a Web3 talent ecosystem
AyaHQ is in talks to raise $10 million, with plans for a $5 million microfund for incubated startups. The startup aims to create a special economic zone in Accra that will serve as a founder campus and residency.
2024 Startup Graveyard Report: Governance Gaps Contribute to High Failure Rates in Africa’s Startups
58 percent of startups fail due to financial difficulties. 27 percent fail due to operational issues.
Exclusive: Dragonfly Capital backed web3 app VIBRA shuts down in Nigeria
VIBRA, the crypto trading app created by the African Blockchain Lab, has shut down its Nigerian operation. The company's website states that it operates in Ghana and Kenya, but an email suggests that it has stopped servicing users in all African markets.
