June 27 (Cointime) - EMURGO Africa, in partnership with PwC, has released a report titled "State of Web3.0 in Africa," which provides an in-depth analysis of the impact of blockchain and Web3.0 technologies in Africa and the MENA region.

The report highlights the significant increase in blockchain investment in Africa, with funding soaring by 1,668% in 2022 compared to the previous year. Kenya, South Africa, and Nigeria are leading the way in blockchain adoption and digital innovation.

The report also emphasizes the importance of balanced regulatory approaches to safeguard individual privacy and protection.