Zone is a blockchain network that raised $8.5 million in pre-seed funding, contributing to the blockchain ecosystem in Africa.
Seychelles Leads African Blockchain Funding Amid Shifting Market Trends
Seychelles attracted 31% of all blockchain funding in Africa, totaling $38.35 million. In 2022, Seychelles secured $209 million in blockchain funding, which dropped to $89 million in 2023.
217+ startups, ₦11B fraud, and $3B valuations: Insights from the 2025 Nigeria Payments Report
Zone released the Nigeria Payments Report 2025 in partnership with TechCabal Insights. E-transaction values in Nigeria doubled to over ₦1.25 quadrillion during the COVID-19 pandemic.
Over 25 million Nigerians hold crypto assets, yet Web3 startups are underfunded. Why?
Over 25 million Nigerians are adopting digital currencies, particularly stablecoins like USDT. Nigerian Web3 startups raised only $20 million in 2024, a decline from $22 million in 2023.
Kenya partners with Canadian companies to create a blockchain-powered digital exchange
Nairobi Securities Exchange (NSE) announces partnership with DeFi Technologies, SovFi, and Valour Inc. to launch the Kenya Digital Exchange (KDX). KDX will be a regulated platform for tokenizing real-world assets, including equities, debt, funds, and commodities.
Zone wants to create an Ethereum blockchain where government-backed regulators have oversight
Zone aims to create a regulated blockchain network that allows financial institutions to facilitate payments without third-party involvement. The proposed blockchain would enable regulators to monitor transactions in real-time, embedding compliance into the network's operations.
