Despite the challenges of 2022, the African continent's blockchain community has continued to attract significant investments, with blockchain venture funding increasing five-fold on a yearly level. In 2022, Africa raised $474 million, a 429% YoY increase from $90 million in 2021, with Seychelles and South Africa accounting for 81% of the funding. Africa had a higher funding growth rate than any other region, and its blockchain-focused annual funding growth was 759% higher than that of Asia. Additionally, Africa was the only region to experience an increase in median deal size, which reached $1.5 million. Blockchain funding achieved a record 15% share of all sector-agnostic venture funds raised by the continent, highlighting its emergence as a promising investment destination for blockchain-based startups.

(By Ana Nicenko)