Nigeria has emerged as a vibrant hub for blockchain innovation, with numerous startups leveraging this technology to solve real-world problems across finance, healthcare, agriculture, and more. Blockchain, once primarily associated with cryptocurrencies, is now being used to enhance transparency, security, and efficiency in diverse sectors. This blog highlights the top 20 Nigerian blockchain startups pioneering digital innovation.

1. Scorefam

Website: www.scorefam.com
Location: Lagos
Founded: 2020
Specialties: Play to Earn Gaming, NFTs

Scorefam is a leading Play to Earn & NFT-based sports gaming platform powered by $SFT. It has secured significant funding, totaling $25 million, making it a prominent player in Nigeria’s blockchain gaming sector.

2. OneWattSolar

Website: www.onewattsolar.com
Location: Lagos
Founded: 2017
Specialties: Blockchain-Powered Energy Solutions

OneWattSolar offers tokenized digital electricity services using blockchain, IoT, and AI. It provides off-grid energy solutions with zero upfront costs, aiming to serve over a million customers by 2030.

3. Zone (formerly Appzone)

Website: www.zonenetwork.com
Location: Lagos
Founded: 2022
Specialties: Regulated Blockchain Network for Payments

Zone is Africa’s first regulated blockchain network for payments, enabling seamless transactions and acceptance of digital currencies. It is licensed by the Central Bank of Nigeria.

4. Nestcoin

Website: www.nestcoin.com
Location: Lagos
Founded: 2021
Specialties: Crypto-Native Products

Nestcoin builds and invests in crypto-native products for everyday people in frontier markets. It has raised significant funding to support its operations.

5. Fonbnk

Website: Not Available
Location: Lagos
Founded: 2019
Specialties: Distributed Finance

Fonbnk is a distributed finance company that provides a frictionless financial onramp for emerging markets.

6. Canza Finance

Website: Not Available
Location: Lagos
Founded: 2019
Specialties: Financial Services for Underserved Populations

Canza Finance offers financial services to underserved populations in Africa, enhancing access to financial tools.

7. Metaverse Magna (MVM)

Website: Not Available
Location: Lagos
Founded: 2021
Specialties: Blockchain Gaming

Metaverse Magna is an Africa-focused blockchain gaming platform, leveraging blockchain for immersive gaming experiences.

8. Kredete

Website: Not Available
Location: Lagos
Founded: 2023
Specialties: FinTech for Immigrants

Kredete is a FinTech platform helping African immigrants build credit scores and send money back home1.

9. Bitmama

Website: www.bitmama.io
Location: Lagos
Founded: 2016
Specialties: Crypto Trading

Bitmama is a popular crypto trading platform in Africa, facilitating faster and cheaper cryptocurrency exchanges.

10. Afropolitan

Website: Not Available
Location: Lagos
Founded: 2022
Specialties: Digital Nation Building

Afropolitan aims to create a digital nation for Africans to build abundant lives, leveraging blockchain for community building.

11. Ayoken

Website: Not Available
Location: Lagos
Founded: 2021
Specialties: Blockchain in Creative Industries

Ayoken uses blockchain to revolutionize creative industries in emerging markets.

12. Hashgreed

Website: Not Available
Location: Lagos
Founded: 2021
Specialties: NFT Marketplace

Hashgreed is Africa’s first NFT marketplace for creative and commerce asset tokenization.

13. Jamborow

Website: Not Available
Location: Lagos
Founded: 2018
Specialties: AI and Blockchain for Financial Inclusion

Jamborow is a B2B AI and blockchain-driven fintech platform focused on financial inclusion and grassroots empowerment.

14. Stakefair

Website: Not Available
Location: Lagos
Founded: 2021
Specialties: Decentralized Finance (DeFi)

Stakefair is a DeFi company aiming to disrupt the real-money gaming industry.

15. Payourse

Website: Not Available
Location: Lagos
Founded: 2019
Specialties: Crypto Adoption Tools

Payourse accelerates crypto adoption by providing tools for businesses to build user-friendly crypto products.

16. HouseAfrica

Website: Not Available
Location: Lagos
Founded: 2019
Specialties: Blockchain and Map Technologies for Land Verification

HouseAfrica uses blockchain and map technologies to verify land authenticity.

17. Storspay

Website: Not Available
Location: Lagos
Founded: 2022
Specialties: Decentralized Retail Lending

Storspay builds decentralized retail lending infrastructure for the internet.

18. Vesicash

Website: Not Available
Location: Lagos
Founded: 2018
Specialties: Digital Escrow Services

Vesicash offers instant digital escrow services for secure transactions.

19. Chekkit

Website: Not Available
Location: Lagos
Founded: 2018
Specialties: Blockchain Anti-Counterfeiting Solutions

Chekkit provides blockchain-powered anti-counterfeiting solutions for food and drug supply chains.

20. AgroChain Solutions

Website: Not Available
Location: Nigeria
Founded: Not Available
Specialties: Blockchain in Agriculture

AgroChain Solutions uses blockchain to create transparent agricultural supply chains, enhancing farmer-buyer interactions and facilitating access to credit for farmers.

Conclusion

Nigeria’s blockchain ecosystem is thriving, with startups innovating across various sectors. From finance and gaming to agriculture and healthcare, these startups are leveraging blockchain to address transparency, efficiency, and security challenges. As the sector continues to grow, we can expect more groundbreaking innovations that transform industries and improve lives.

Additional Resources:

Blockchain Africa Report: Insights into the growth and potential of blockchain in Africa.
Nigerian Blockchain Community: Information on local blockchain meetups and events.

Future Outlook:

The future of blockchain in Nigeria looks promising, with potential applications in governance, education, and more. As technology evolves, we can anticipate more startups exploring non-crypto applications of blockchain, further solidifying Nigeria’s position as a leader in African digital innovation.