NODO, an African web3 platform, reportedly onboarded 200,000 new users onto its platform in Q1 of 2024.
The platform also reported over 3 million site visits and 200,000 wallets connected across Celo, Avalanche, and BASE.
Digging Deeper
NODO stated that they also processed $50,000 in token cashouts while expanding its headcount to meet soaring demand.
“NODO is proud to be the leading data-driven growth engine for emerging Web3 ecosystems,” said Shogo Ishida, the startup’s Co-Founder.
“Our ecosystem is welcoming L1s, DeFi platforms, builders and investors worldwide to join and accelerate retail user growth.”
Products and Services
The company highlighted NODO Gems, a novel rewards infrastructure that lets users earn tokens through platform activities like engaging campaigns, referrals, and content creation and consumption.
“NODO Gems is your gateway to seamless earning across multiple chains,” explains Ishida. “Users can earn attractive short-term yields, swap and bridge tokens, or build their USD savings portfolio – all powered by our robust Web3 Wallet.”
This gamified incentive layer has unlocked tremendous community growth, with NODO’s 200k+ users interacting through quizzes, surveys, and its forum-style feed.
“The Product Communities is an all-in-one hub for projects to massively boost brand awareness and drive ecosystem growth in Africa,” says Sowmya Raghavan, Head of Product at NODO. “From a single listing, thousands of users can learn about a protocol, join its communities, and contribute – earning crypto rewards each step of the way.”
Partnerships
NODO inked deals with the likes of CV Labs, mobile fintech Fonbnk, and the Avalanche and Tether blockchain ecosystems in Q1.
Chris Duffus, CEO at Fonbnk, hailed the collaboration driving “nearly 2,000 wallet connections for Fonbnk through pan-African campaigns and events’ in just one month.
The mobile-centric crypto offramp seeks to “spearhead African adoption of Avalanche together with NODO.”
Developer acquisition, transaction volume growth, content services, online & offline events, and marketing campaigns are some of NODO’s growing value for partners.
Canza Finance, Africa’s leading DeFi platform said their partnership with NODO was “instrumental to growing their ecosystem and boosting community reach by over 650%.”
Expansion Plans
NODO is currently expanding beyond Africa into Southeast Asia and South Asia with increased funding support. This influx of capital will fuel NODO’s moonshot vision “to become the leading token and liquidity growth accelerator across emerging markets,” declares Ishida.
Catch up on news and other tidbits on our WhatsApp Community Page, Twitter/X, and subscribe to our weekly newsletter to ensure you don’t miss out on any news.
