- Audacity venture fund will invest in African crypto startups.
- The fund aims to drive capital into the hands of Black and African businesses.
- Lately, many African nations have begun to embrace crypto.
Notably, the announcement came from the co-founder of Crypto for Black Economic Empowerment (CBBE). The foundation is home to a group of 100 Black creators and founders.
Audacity Fund 1 will focus on DeFi projects as it wishes to eliminate financial intermediaries such as banks. Above all, DeFi projects will enable users to borrow, lend, and trade with any other user without third-party involvement.
Founder, Erikan Obotetukudo comments,
...This article was first published on coinquora.com