Afropolitan Raises $2.1 Million to Bring Web3 to the African Diaspora

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Decrypt
6d ago2022-06-21

Looking to right historical wrongs and build a global digital community with real-world impact, Web3 collective Afropolitan announced that it had raised $2.1 million in pre-seed funding to advance its vision of a digital nation for the African Diaspora.

Participants in the raise include #Hashed, Cultur3 Capital, and ex-Coinbase CTO Balaji Srinivasan, who in 2021 wrote what would become the basis for Afropolitan's plans for a digital nation.

Afropolitan was founded in 2016 by Eche Emole and Chika Uwazie as a "community as a service for the African Diaspora," featuring events and travel geared toward people of color. This year, the group moved into Web3, becoming a decentralized autonomous organization (DAO) and digital nation based on Balaji Srinivasan's concept of the Network State and Afrofuturism.