Yo guys, t...

Yo guys, this is Hersi once again, and this time let's talk about another thing apart from my daily farming contents, and this it's literally about web3 product ideas 💡 that are yet to be implemented in my home country, Nigeria.

Nigeria is a hub for Web3 innovation, with over 80 startups raising $130 million in funding. Here are some Web3 business ideas I believe will definitely hit it off in the Nigerian market;

It's obvious there are some Chinese hulking investors that has already tapped into the Nigerian market with their products, and beautiful innovative ideas which has gained more traction in the country, particularly in areas like fintechs, and electronics.

Startup companies like Opay, and Palmpay has being a very successful and profitable innovations, with both companies garnering a massive adoption from Nigerians, with majority preferring them to other traditional banks simply because of its ease of use and fast transaction processing, making it convenient for everyday transactions.

Now, enough said about the already successful businesses, and let's get to why we are making this post.
Some innovative ideas 💡 I believe will work if introduced into Nigerian market and most likely be a jackpot for investors are;

E-commerce and Retail

Build an e-commerce platform that utilizes blockchain technology and cryptocurrencies for secure and transparent transactions. With that, there are lots of categories this would fall under, and definitely make a successful project.

• Bills Payment - Building a utility bills payment app using cryptocurrency payment method hasn't been fully established in the country yet, and a country where crypto currency has been marked the largest cryptocurrency markets in Africa, with many Nigerians using cryptocurrencies for everyday transactions, remittances, and investments.
  This would highly be of advantage for crypto currency holders to pay for services like:

• Airtimes
• Internet Services
• TV Bills: (TV Cables; DSTV, Startimes, GoTv, Showbox, etc)
• Betting: Bet9ja,1XBET, Betano, SportyBet
  Etc

With this, it would be a lot convenient for cryptocurrency holders to buy this services via a crypto payment method.
Going forward with more growth and adoption, a community token created within the TagAi ecosystem can also be used to purchase this services, and this in return will have more impact on the price of the community token.

• Online International Store (China/Nigeria) - Shopping online with cryptocurrency hasn't really been fully utilised in the Nigerian market, and trust me, with this in the country where majority of the people buy various items like gadgets, clothes, home appliances etc, from online stores, like Alibaba, AliExpress, and 1688, using a traditional payment method, why not create a buying and selling store like Alibaba, or AliExpress that fully accept crypto currency payment, and with this customers can pay with their preferred cryptocurrency, like USDT, TRX, or even a community token issued by the online stores for loyal customers who frequently engages more on the online platform (Buyers).

• Local Services - majority of Nigerians lack the immediate response of a local maintenance workers who repairs certain household items that seem to have developed a minor/major faults. So I was thinking, how about an app that can help us get those maintenance workers, like plumber, electrician, Generator repair, or mechanics easily just on one phone call or maybe bookings.
  We can start off by making the payment method a traditional payments, and with time with more growth, and adoption we bring in crypto payments.

Will update you guys on more ideas 💡 on what products ideas on my next post.

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