One of the biggest problems many tech companies have faced over the past few decades is integrating the majority of Africa’s population into the global economy. While high-speed internet is becoming faster and more affordable in many places around the world, Africa’s infrastructure remains mostly intact, especially in the more remote parts of the sub-Saharan region.
Unfortunately, only 22% of the continent has broadband internet access, a figure that largely represents its urban areas. Mobile towers are incredibly outdated, with 91% of mobile users having to rely on 2G or 3G networks. A blockchain startup is working to change that.
Why does Africa need 3air?
3air, a blockchain-based startup bridging the gap between Africa’s connectivity issues and vast cryptocurrency potential across the continent, will bring high-speed internet access and decentralized finance to major African cities in the years to come. The company plans to use wireless mesh technology and NFT subscriptions to connect more than 300 million new users to the Internet and Web3.
With these products, 3air hopes to empower sub-Saharan Africans by connecting them to the global economy. Hardware is an essential part of internet connectivity service. 3air will use K3 Last Mile technology to deliver up to 1 GBP of dedicated internet connectivity within a 50km radius of a base station. These stations can be built almost anywhere; they have been deployed in nine countries on three continents.
How can NFTs be part of the financial solution?
Through its broadband access, 3air will provide many other services, including banking, microloans and cryptocurrency wallets. 3air offers purchasable NFTs, providing internet access as a subscription. Unlike traditional connectivity contracts, NFTs do not require users to make a time commitment. Customers can instead resell their tokens to others in a decentralized marketplace. NFT subscriptions do not require a bank account or home address, so limitations are no longer an issue.
How to take advantage of cash-to-crypto options?
In this model, transferring the subscription also becomes an option; if a user moves, they can transfer service to another resident instead of canceling and rehiring services. Additionally, once users are onboarded to Web3 through this service, 3air will provide on-the-job learning services to onboarded users faster and with cash-to-crypto options that do not require onboarding through an account. running.
Web3 is a complicated concept for everyone, and the company believes that providing these services will connect Africans faster to the global economy. 3air will teach new users about blockchain-related topics, such as how to open and use a new cryptocurrency wallet, how to use the new Web3 Internet, and other complex topics one may have difficult to learn independently.
What advantages does 3air offer?
With internet service and blockchain provided by 3air, 3air will offer additional services besides internet connection. Banking is complex for those without physical access to a bank, which is rare in sub-Saharan Africa. Using the 3air blockchain, users can store currency, use currency as payment, and use other services provided by banks, such as loans, savings, and checking accounts.
The 3air marketplace is already open to the public and works with African artists and creators to elevate them globally. By providing Internet service first, 3air will then be able to expand many other services, such as banking, microloans and Web3 education services. African talent and businesses should be able to grow much faster than they would without this connectivity. With a full blockchain, proven hardware, and a stable roadmap, African users should expect these mainstream services to arrive from 2023.