This newly opened horizon is the right inspiration for us to build a legacy for future generations. For that, we need to explore the new ways through which they’ll learn and invest in Edu-Tech. We might also need to transform and adapt our cultural heritage into a format that they can integrate into their new world through Culture-Tech.
We will explore the two building blocks for the future economies: First Fintech as it is the core and the infrastructure provider for all new markets emerging on the web 5.0 along with the blockchain technology. Second, comes the Aggro-tech industry which is helping us face current world challenges such as water and food scarcity, migration towards clean energy, and healthy leaving.
Next, we will have a glimpse at the parallel universes that are growing at the same time as ours online such as the metaverse, with all the new opportunities it presents like the NFT Markets, new Artificial Intelligence applications, Augmented, Virtual and Mixed reality. Such universes have already started reshaping our working habits through virtual offices and they are creating thriving market values at Millions of dollars.
Agri-tech: New tools to secure our food reserves for the future.
We are currently facing several challenges related to climate change and our management of natural resources. The world is currently thinking of solutions to water scarcity and equity in resources distribution when it comes to food. The African continent relies heavily on agriculture, in many countries it is the field with the highest employability, yet the gap between production and demand remains unfulfilled. Luckily, many startups are innovating in the field of aggrotech and as they increase production throughout the continent they also bring solutions to optimize resources, use clean energy, and open new environment friendly industries.
Fintech: The building block and the key to new markets.
The word Fintech engulfs within it several growing industries from cryptocurrency to e-wallets and e-banking to the point where it has its own stock market and its own new tradable equity. Luckily for both Africa and the Middle East region, local startups are emerging and ecosystems are being created attracting up until now over 8 Billion Dollars in funding Over more than a 1000 deal count.
These numbers will continue to rise in the next 5 years since the technologies around fintech provided the region with secured online financial alternatives that opened up the way to new markets and increased access to new opportunities. The Web 5.0 can only be accessed financially through these new innovations and the right investment in FinTech.
Tech driven education, cultural and creative industries
With the recent development in the WEB 5.0, many barriers have been broken. A kid in Nairobi can attend a lecture about the stars in a virtual NASA hall, an artist from South Africa can expose their art in a virtual gallery for international art lovers… The opportunities are endless and it makes us dream, us who come from cultures that remain under-appreciated, under-documented, under-represented, It makes us dream that one day we can recreate Carthage, Numidia, and all other ancient civilizations and tribes virtually and invite others to appreciate our history at the heart of the future. This new world is eventually coming, and we need to teach our kids how to maneuver it and create in it rather than simply be consumers.
Metaverses and Mixed Reality: A glimpse into the future.
Ever since Facebook (Now META) publicly announced the launch of its new metaverse, both investors and tech-savvy communities online have been speaking about the endless opportunities around it. It is true that we are navigating unknown territories with this new parallel universe of mixed/augmented realities but the numbers speak for themselves. The NFT market has evolved from simple collectibles reaching Millions of Dollars in retail value to “DAOs”: hedge funds managed by Artificial intelligence for people who simply purchased tokens on the crypto market. Several companies are now using virtual offices, and covid-19 has pushed people to connect in uncommon ways through virtual worlds with AR Gears. In some countries, private startups are even developing virtual classrooms. The virtual real estate market is now a thing and brands are ditching their brick and mortar shops for ones on the metaverse. It is safe to say that now is the time to have a talk about such innovations and why not uncover new opportunities for ourselves too.