Fuse announces $10 million grant programme for Web3 startups
- Fuse Network has launched a $10 million grant program to support businesses in accessing Web3 payment systems.
- Countries like Kenya, Nigeria, South Africa, and Tanzania had some of the highest grassroots adoptions in the world.
- The program aims to facilitate the scaling of innovative Web3 businesses in Africa.
The launch of the Fuse Network grant program is a positive development for businesses looking to access Web3 payment systems, particularly in emerging markets like Africa. The high grassroots adoption of crypto in countries like Kenya, Nigeria, South Africa, and Tanzania highlights the potential for growth in the region. However, it is important to address the relatively small size of Africa's crypto economy and the need for further investment and support to foster its development.
