With the African continent lacking enough infrastructure and experts in universities to effectively educate its population on Web3 and Blockchain, it becomes difficult to compete against other continents that are way advanced in this sector. In a bid to embrace and leverage technology in the Web3 and blockchain sector, the continent has to first achieve substantial adoption of the technology among its users. This adoption is reliant on the extent to which residents of the continent understand this technology. For a continent that is striving to come up with robust mechanisms to launch its development, very less has been achieved in the web3 sector. For starters, there has to be a restructuring of the university curriculum to accommodate modern day technology needs. The continent is however gaining traction as many some corporates are gradually realizing the economic potential of the African crypto market. It is why startups like Crypsense Digital group are addressing the knowledge deficit at the root, university education.
Cypsense Digital Group is a firm that deals in digital assets financial literacy while building capacity in the web3 sector with the aid of its gamified learning management platform. The firm also manages digital assets and trains young entrepreneurs in blockchain while facilitating their startups with capital. The startup was founded in 2022 and is based in Nairobi Kenya. According to the firm’s website, it enjoys a competent management drawn from sectors across the board. The firm was co-founded by Alice Anangi, who also doubles as the CEO, Irine Kiwia(Director) and Jeff Mkungusi(Technical Lead).
What sets this firm apart is the fact that they incentivize web3 learning by awarding tokens to the learners after they accomplish set milestones. The firm facilitates cryptocurrency and digital asset transactions by building institutional infrastructure and associated algorithms. Additionally, the firm acts as an accelerator for other companies in the web2 sector that are looking to transition toweb3 by offering them with infrastructure to tokenize their assets and list them on reputable exchanges and trading platforms. To achieve these objectives, the firm has attracted numerous investors including the Nairobi based Africa Blockchain Center as well as the Italy based VeChain Foundation among others.
The firm has a Crypsense Token that can be purchased through its listing partners. It also has an accelerator program that lists other numerous tokens that can be acquired by staking their native token on the firms LaunchPad. The Crypsense token can also be used to access the firm’s LMS(Learning Management System) that utilizes a learn to earn model. The firm has provides services in Digital Asset Capacity Building that is, training users on how to transact and trade digital assets through their specially crafted courses, Digital Asset Management, Financing and custodial services as well as an accelerator launchpad for crypto startups. The 4 services form pillars upon which Crypsense Digital Group has hooked its success.
Author’s sentiments
Since Blockchain and web3 technology isn’t goin anywhere, it is only prudent for the African continent to embrace and adopt it quickly to close the gap that is ever advancing in first class economies. The African economy has to be made compatible with other continents so as to compete effectively on the same level. This requires commitment from African governments and corporations in building capacity to spur a healthy crypto ecosystem within the continent and that also leaves a mark on the global stage.
Crypsense Digital Group: An African Cryptocurrency and Blockchain University Startup.
