Source: news.google.com
the theme of Cryptocurrency has become a main topic of conversation in developing countries like the Philippines, El Salvador and now even African nations. El Salvador assumed Bitcoin as legal tenure as its somewhat modern prime minister invested vast amounts of corporate wealth in Bitcoin only to have it crash violently months later.
While countries like the Philippines and countries in Africa do not stake crypto tokens, millions of people turn to crypto gaming as a way to earn money. Axie Infinity during the lockdown period became full time jobs for some people in Asia as the game was proving to be a very lucrative venture.
Let’s take a deeper look at the metrics African blockchain activity and how people are adapting to the gaming side!
What is happening in the African blockchain?
In general, video games have become a growing trend in African nations. Only in the last 5 years Video game players in these countries have doubled. South Africa leads the way with this by country.
Technologies have become more widely available in these countries, and with the rise of esports on a global scale, it’s no surprise that people want to get in on the action.
About 180 million Africans play the game, and about 60 million pay for it. As African nations recognize the potential that digital assets hold for the development of their countries, we can expect the numbers to grow.
Binance has been leading the way for Blockchain education all over the world, even in Africa! These philanthropic efforts from the largest cryptocurrency exchange have proven to be very successful as people have access to education on Web3 regardless of their geographic location.
400,000 Africans were granted access to resources in 2020 and through 2022, and this number is expected to grow in the coming years.
In addition to this, 5.9 million players have been recorded as holding cryptocurrencies in Africa and the Middle East. With the rising birth rate and the speed with which young people are learning technology in the current climate, the numbers for Africa alone will rise exponentially by 2050.
“Blockchain education is at the core of our approach to the global marketplace. As a blockchain infrastructure provider, we are committed to ensuring that more and more people have access to the correct information about how the ecosystem works. Africa is a very important market for Binance because we see the great opportunity that blockchain brings to the entire continent.”
– Emmanuel Babalola, Director of Binance Africa.
What crypto games are popular in Africa?
Crypto games are mostly on mobile and desktophowever, we have seen big names in the world of console gaming, such as Sony and Microsoft, reaching out to the blockchain.
The World Bank and the African Development Bank have noted that 650 million people in Africa use mobile phone devices. Overall, mobile gamers make up 95% of gamers in Africa.
Right now, Usiku Games Afrika is a popular Kenyan company that creates popular mobile games. They have been featured on BBC and CNBC.
Crypto gaming communities also proliferate in the form of guilds. Magna Metaverse (MVM) it is the first guild and the most popular DAO within Africa. The founders believe that this Metaverse experience will lift many out of poverty with their services.
Games like Axie Infinity review, Thetan Arena, and even Call Of Duty: Mobile are available on its platform. Players are connected to ‘Tribes’ and are known as ‘MetaKnights’.
Africa seems to love niche games
One thing to keep in mind is that many popular crypto games we see in the headlines are not played much in Africa. As mentioned, African games are the ones being played, which makes a lot of sense given the recent emergence of crypto gaming and gaming in general.
Gamic, a social startup recently backed by Polygon, is in a mission to integrate these popular games into the African rotation. They currently produce NFTs and have their own NFT marketplace to trade these assets.
Their current mission is to bring the most popular games to Africa. They will create an easier startup process for new players, making these popular titles more accessible. As we have covered, there are hundreds of millions of enthusiastic gamers in Africa. Ultimately, Gamic is on a mission to bring justice to blockchain gaming in Africa and we’re all for it!
What does blockchain education mean?
Education on the basics of the blockchain allows new users to be better informed. Global news has a negative perspective on these new technologies, therefore, real education in it allows for further growth.
Those who get educated are automatically safer when they want to play their favorite crypto games or invest in tokens. Knowing the legalities and drawbacks allows them to do due diligence and be weary when playing on the blockchain.
In addition, players will also be able to make smarter investments in their crypto businesses. Having these actions in place allows for long-term capital and player retention.
Having key players in Web3 pouring time and money into Web3 education is amazing. Also, having a focus on nations like Africa, where people are fully utilizing technologies like these, is a great use of resources.
Keep an eye out for African blockchain companies as we move into the New Year. Polygon showing its support and Binance offering its resources for education can fuel new developments for Western brands in 2023 and beyond.
Happy gaming!
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