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Afropolitan Raises Millions From Balaji Srinivasan And Others To Build A Digital Nation

Afropolitan Raises Millions From Balaji Srinivasan And Others To Build A Digital Nation

06/20/22, 2:00 PM
Last April, Balaji Srinivasan, a high-profile figure in the crypto space and the ex-CTO of Coinbase, wrote a piece titled “How to Start a New Country” in the 21st century.

Company Info

Company
Afropolitan
Additional Info
The startup, founded by Eche Emole and Chika Uwazie, claims to be building the world’s first-ever internet country. “Afropolitan’s social layer will enable members to invite new members and share resources, economic opportunity, culture, and media, creating an exponential network effect as more members join the network due to its growing value.”The startup has a four-phase plan for how it wants this digital nation to pan out. Emole said the company could either build out these government-as-a-service features or partner with existing platforms that already offer these services in one form or another. Our goal at this stage is to build up legitimacy through state capacity,” the company said. The firm, which believes crypto, via tokens, has the power to reinvent digital communities, consumers, and cultures, backed Afropolitan because it addresses the opportunities in the “overlooked, underfunded and undervalued” African and Africa diaspora markets. “Talking about “community” is easy. Afropolitan has two answers.