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Africa’s inaugural metaverse, Africarare’s Ubuntuland, is gearing up for the debut of its first digital token — the $Ubuntu Token.
Ubuntuland presents customers a platform to craft, have interaction with, and monetize a wide range of content material and purposes, spanning from artwork exhibitions and live shows to enterprise conferences and social experiences.
The $Ubuntu Token will serve a number of features inside the Ubuntuland metaverse. It’ll act as the first medium of alternate, facilitating transactions for land purchases, social experiences, purposes, video games, and retail shops inside Ubuntuland.
Moreover, 1% of the 5% transaction payment from each Ubuntu token transaction will assist philanthropic causes similar to offering clear ingesting water and providing tertiary enterprise training in Africa.
Though the token is ready to launch formally on February 29, 2024, the corporate is presently accepting registrations for the allowlist, as introduced on X (Twitter).
Africarare, launched in 2021, leverages AI and combined actuality to facilitate connections, collaboration, and e-commerce, fostering progress inside the African market.
The continent has skilled a major uptick in blockchain funding, with a staggering 1,668% improve recorded in 2022, as reported by PWC and Emurgo Africa. Notably, Kenya, Nigeria, and South Africa are on the forefront of Web3 adoption on the continent.
The continued growth and adoption of Web3 and cryptocurrencies throughout Africa maintain promise for monetary inclusion, significantly contemplating that over 40% of the inhabitants stays unbanked, and roughly 90% of economic transactions are cash-based.
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