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Start-ups eye metaverse, NFT to solve Africa's economic woes

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The development of the metaverse – a shared online environment where people can meet, buy virtual goods and attend events – has sparked concern over digital rights, privacy and online inequality. Photo: Thinkhubstudio
The development of the metaverse – a shared online environment where people can meet, buy virtual goods and attend events – has sparked concern over digital rights, privacy and online inequality. Photo: Thinkhubstudio

BUSINESS

His is one of a number of African-led virtual projects that aim to help the world’s poorest continent capitalise on digital growth and tackle real-

“There are so many things that limit us as Africans from real-world opportunities,” says Eche Emole, co-founder of the Afropolitan network state project. “[The internet] is the only place in the world which serves as an equaliser.”world problems, although some tech experts say such online spaces risk replicating offline inequalities.

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