The pan-African venture capital firm, Echovc, recently said it had launched an $8 million fund which is dedicated to Africa’s blockchain startups. According to the company’s blog post, the fund known as the Echovc Chain will be accessible to startups that are attempting to solve the continent’s challenges using the blockchain. As noted in a report by Techcabal, Echovc’s new fund has been launched at a time when global funding for crypto and blockchain startups has been declining. The drop in funding has already forced some entrepreneurs to sell their startups.
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