For centuries, Africa has been considered one of if not the most resource-abundant continents in the world. For years other continents have depended on her for several reasons. They either required raw materials, precious ores, or even trees to some extent. Various continents still depend on Africa to acquire its rich nature. Fortunately, no one expected it to have so much potential within the technological world.
Unfortunately, with other continents sipping from Africa’s states, its natives have been unable to benefit from their resources fully. However, the same state of African countries has made it the perfect candidate for Web3, AI and blockchain technology. One of the biggest news to hit the globe was Africa’s enormous crypto adoption rate which broke records at 1200%.
After missing out on the first three, it is clear that Africa will most likely dominate the fourth Industrial revolution. Due to this, various companies have set their eyes on its untapped potential. In recent news, Modus Capital has set its sights on sub-Saharan Africa to hop on the blockchain wagon that will create waves in the upcoming years.
Who are Modus Capital
Modus Capital is a holistic Venture Platform that invests in promising individuals and entrepreneurs with a vision of tomorrow. Essentially one could say that their main goal is to empower and support new startups financially, operationally and institutionally. By providing the foundation that most individuals, especially in Africa, create an innovative ecosystem that gives unheard-of ideas and startups the necessary platform.
Modus Capital builds and nurtures MENA, Middle East and North Africa. It also includes other emerging and potential markets within a variety of expertise.
Kareem Elsirafy founded the Modus capital in 2015 with a few other partners. New York is the firm’s main base. Still, at his heart, Kareem intended for the primary focus of the venture platform to mainly focus on Africa’s potential. To elevate both Web3 and blockchain, along with aiding other innovations.