Nigeria’s Web3 ecosystem shines; SEC criticized over CBEX scam

Quick Summary:

The report revealed that in 2024, Nigeria’s Web3 ecosystem raised $20M, a 10% dip from the year prior, with finance and infrastructure topping the charts.

The post Nigeria’s Web3 ecosystem shines; SEC criticized over CBEX scam appeared first on CoinGeek.

The $20 million raised in 2024 is the lowest in three years, reflecting a global dip in startup funding in Web3 and beyond.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaFinlandIndiaKenyaNigerNigeriaSouth Africa

Topics: Infusion Lawyers Economic and Financial Crimes Commission Web 3.0 Crypto Bridge Exchange Business Fraud Convexity CBEX Stablecoins Regulation Scam Hashed Emergent Startups Quidax

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 15:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 954 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 28174457

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