Jambo led Africa’s digital market to experience futuristic commodities inclined with technology. The Congolese startup company receives Coinbase seed offering to accelerate its seed funding round with $7.5m. Jambo is reportedly developing Africa’s web3 user acquisition portal via a decentralized network for fiscal inclusion.
Jambo’s approach towards developing a Congolese web3 decentralized network bares the “earn, learn and play” portfolio. For context, the Congolese startup company joins the list of African startups to utilize crypto in developing an earn and play platform. The likes of Yield Guild Games and Axie Infinity have purportedly raised funds from capitalists to support the futuristic means to wealth inclusion in Africa.
It is worth noting that Jambo’s decentralized web3 network will increase global gadget penetrations, with the Congo crypto market as its touchpoint while it expands across the continent. Remember Africa is rated the highest unemployment record — the web3 decentralized network adopts the entire crypto market and the Blockchain network.
Jambo’s web3 decentralized portal poses a better stance at uplifting the regressive African GDP per capita income via the digitized economy. Jambo’s existence is set to rival other existing startups in the cryptocurrency business whereby the Congolese startup spend-to-earn platform will encourage the African population to embrace its crypto marketplace.
Jambo’s crypto market has the intention to drive the next surge the digital economy will experience whereby developing the Congolese web3 decentralized network with Asian technology, according to Jambo’s CEO, James Zhang.
China dominates the web3 decentralized network to have experienced various dApps projects that turned out successful — especially trending in Southeast Asia, Europe, and Central America.
Jambo came into existence towards the end of the post-pandemic era. It seems easy for Zhang to influence the Congolese crypto market — he processes a dual nationality whereby he is a Congolese-born Chinese. Several Asian populations have reportedly accessed other Jambo-like decentralized applications — playing games to earn a living — for contrast, Jambo is a replica of the likes of Axie Infinity.
Zhang’s description of Jambo’s decentralized network depicts its users’ benefits are enormous in contrast with its existing counterparts in the web3 crypto business. Jambo assigned a consortium with Congolese Telecom companies “It’s one of our main user acquisition strategies where we want to double every Africans airtime and data,” Zhang said.
Jambo’s deal grants the Congolese Telecom 70% off the users’ airtime expenses and data expenses while telecoms get 50% off the actual price “The reason we can do that is via partnerships with these companies as we tokenize a part of their advertising budget and directly provide to the end-user. Several web2 incumbents or even web3 are having a $100-200 user acquisition costs so we can lower that by order of magnitude by directly incentivizing the end-user.”