Jathin Jagannath, developer advocate, Cartesi, a Web3.0 rollup protocol, mentioned that regulatory uncertainties could be a hurdle in Africa’s Web3.0 landscape. It is believed that Jathin, mentioned that the absence of clear, well-defined regulations surrounding Web3 technologies can create hesitancy among potential users and investors.
Sources revealed that Jathin mentioned that the regulatory ambiguity might result in a reluctance to fully embrace the possibilities offered by Web3.0, added Cointelegraph.
“With regulatory clarity, enhanced digital literacy, and infrastructural upgrades, we will see Africans overcome these obstacles and lean into rapid modernisation,” Jathin explained.
It is believed that Jathin highlighted the potential for Web3.0 in Africa. He is also expected to mention that decentralised wallets and other Web3.0 applications can address current challenges and bring about transformative changes. Furthermore, through this Africans can be able to interact with financial systems and conduct cross-border trade, concluded Cointelegraph.
(With insights from Cointelegraph)