African Web3 collective Afropolitan raises $2.1 Million

Web3 collective Afropolitan has raised $2.1 million in pre-seed funding.

The funding will help Afropolitan advance its vision of a digital nation for the African Diaspora as it looks to right historical wrongs and build a global digital community with real-world impact.

#Hashed, Cultur3 Capital, and ex-Coinbase CTO Balaji Srinivasan, participated in the round.

Srinivasan, in 2021, wrote what would become the basis for Afropolitan’s plans for a digital nation.

Afropolitan was founded in 2016 by Eche Emole and Chika Uwazie as a “community as a service for the African Diaspora,” featuring events and travel geared toward people of color.

This year, the group moved into Web3, becoming a decentralized autonomous organization (DAO) and digital nation based on Balaji Srinivasan’s concept of the Network State and Afrofuturism.

Emole says Afropolitan gives a chance for black people to come together and decide what type of nation they want, calling Afropolitan “the greatest experiment, even in the Web3 space.”