Core DAO Launches USD 5 M Core Africa Innovation Fund To Empower Local Web3 Builders

Core DAO is excited to introduce the African Innovation Fund, an initiative to provide resources and networks to support local Web3 builders and projects across the African continent. This new fund is set to foster innovation, sustainability, accessibility and growth within the African blockchain ecosystem.

The Core African Innovation Fund adopts a long-term, user-friendly, and sustainable approach. The fund will support local projects that place a strong emphasis on delivering tangible value to the local community through Grants, Technical resources, Builder Programs, Partnerships with accelerators and institutions, Connections to VCs and Potential Investment. 

The initiative goes beyond funding, it also involves aligning key builders with established blockchain entities including VCs to empower the next generation of decentralized applications and protocols. With strategic partnerships, the fund aims to create a more decentralized and interconnected future for the African blockchain ecosystem. 

CoreDAO is actively seeking to support the best projects within the African Web3 space including but not limited to: Gaming, Stablecoins, Cross border Payments, Supply Chain, Real Estate, Defi Backed Loans, Credit Rating System, Decentralised Database/File storage, Healthcare, NFTs & Defi.