A pan-African crypto exchange platform, Mara, is set to train one million developers in Nigeria and other African countries within the next five years.
Its co-founder/Chief Executive Officer Chi Nnadi, who spoke with reporters in Lagos, said the platform was established in Nigeria to enable the crypto community thrive.
He said the platform will host a hackathon next month, which will bring Mara’s academy to limelight, adding that they have a commitment to teaching interested individuals in crypto and development.
“There will be hackathons every quarter of the year, starting from this September. We want to educate a billion Web3 developers in Africa and train one million,” Nnadi said.
He said Mara’s mission is to facilitate a more equitable distribution of capital by providing a decentralised alternative that spans across tribes, class, cultures, and countries.
Nnadi said: “Our goal is to close the gap in opportunities for sub-Saharan individuals and establish a financial infrastructure that they can build their lives upon.”
On the security of the platform, he said Mara is secured with teams working to ensure 24-hour security of the platform at the backend.
Nnadi, however, noted the platform’s virtual asset licence in the United Kingdom, and that they were working on an outlook to get licensed in Hong Kong soon.
Speaking on leveraging the platform to establish Nigerian youths and crypto community, the platform which recently raised $23 million in pre-seed funding, Nnadi said: “We are going to raise more money on token next year to build more in Africa.”
The CEO also disclosed that more tokens are going to be listed after building up the Mara community.
Speaking on the regulatory process, he expressed the readiness of the firm to work with the Securities and Exchange Commission (SEC) and work in compliance with necessary requirements to ensure the platform thrives.