Nestcoin Raises $6.5M for Web3 in Africa and Frontier Markets

Nestcoin, a Nigerian crypto startup, is completely overhauling Africans’ technological abilities with its venture into Web3 technology, which will enable them to participate in cryptocurrency and blockchain technology. Founded in November 2021, Nestcoin builds and operates Web2 applications as well as raises money to invest in them so that those in Africa and other emerging markets can become competitive in today’s global economy.

Which Countries Will Nestcoin’s Web3 Technology Impact?

Any geographical area that has been left behind on technological development will benefit from Nestcoin’s venture. Artificial intelligence, cell phones, financial technology, the internet, and more will profit from Nestcoin’s endeavors. Any business or application that uses computers can benefit, especially those in underdeveloped markets.

How Much Has Nestcoin Raised?

Since last November, when Nestcoin was founded, they’ve raised $6.45 to accomplish their goals. Africa’s cryptocurrency market increased by 1200% during the period from July 2020 to June 2021, which adds credibility and impetus to Nestcoin’s efforts and ideas.

Are There Any Roadblocks to Nestcoin’s Success?

Global issues may provide some temporary drawbacks to Nestcoin’s success, but they’re not expected to impact it substantially. Experts speculate that issues such as economic uncertainty, high unemployment, regional inflation, weak currencies, and government intervention may cause cryptocurrency to grow more rapidly than it otherwise would. However, CEO Bademosi believes in the adage that “talent is evenly distributed, but opportunity is not,” and wants to provide the opportunities that will increase technological advances throughout the world.

Bademosi has indicated he might launch a social token, and the idea has met with some backlash. In response, however, he says the cryptocurrency market has changed, and it’s now cheaper to use, so the idea is still in play. In addition, he cites the success of some of his previous investments in early-stage investment companies as far back as 2017.

What are Nestcoin’s Target Areas?

Since retail trading and peer-to-peer transactions are the main drivers of crypto in the market, Nestcoin’s founders saw those as integral to their development efforts. In addition, scaling their applications to accommodate a broader spectrum of users will help drive their success, and they’d like to enable applications that are accessible to everyone, not just the wealthy or technologically elite.

Can Nestcoin’s Technological be Used to Generate Income?

Chief Executive Officer Bademosi wants to replicate the success of Axie Infinity in the Philippines with their Web 2.0 games, where millions of gamers are now generating substantial income with their mobile gaming apps. However, Bademosi wants their systems to benefit the millions who live in the underdeveloped markets and in Africa, which currently has more than 250 million mobile gamers.

Does Nestcoin plan to expand its investment offerings to other countries?

Nestcoin currently has teams in nine countries, and they plan to increase their Web3 and traditional investors, so they ensure the success of their vision.