Cartesi developer advocate Jathin Jagannath expressed the importance of improved digital literacy, stating that a skilled workforce and user base are crucial for successfully integrating Web3 technologies.
Developer advocate of Cartesi, a Web3 rollup protocol, Jathin Jagannath, has noted regulatory uncertainties as a significant hurdle in Africa’s Web3 landscape. According to Jathin, the absence of clear, well-defined regulations surrounding Web3 technologies can create hesitancy among potential users and investors.
In an interview with Cointelegraph, Jathin stressed that the regulatory ambiguity may result in a reluctance to fully embrace the transformative possibilities offered by Web3:
Africa is a continent with a vast potential for Web3 adoption and innovation. According to a recent report by PricewaterhouseCoopers and Emurgo Africa on Web3 in Africa, blockchain funding across Africa increased by 1,668% in 2022, with Kenya, Nigeria and South Africa leading the continent’s Web3 adoption.
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Source: https://cointelegraph.com/news/web3-faces-regulatory-hurdles-in-africa-hindering-transformative-potential