We started 2024 with huge ambitions to scale our mission in Africa by bringing more solar projects on-chain. At the beginning of the year we had three objectives:
To deploy the protocol on-chain
To increase our network of solar projects in Africa
To form new partnerships that lead to increased impact in the Global South
Reflecting on the year, we put together an impact report focused on the three objectives we set out to achieve in 2024.
Launch on Gnosis chain and Decentralised Exchanges
M3tering protocol launched on Gnosis chain in April 2024. This was a huge milestone for us and for the global Web3 ecosystem. We got added to a growing list of Web3 projects focused on real-world problems in the Global South. M3tering protocol became the third recognised DePIN project from Nigeria and the first focused on the energy sector.
The protocol's launch was closely followed by the launch of the native token, Solaxy (SLX). Solaxy launched on two major decentralised exchanges: CowSwap and Balancer. Solaxy (SLX) is at the heart of the protocol, acting as an incentive for the development of new solar projects in Africa. Learn more about Solaxy tokenomics here.
Totalled 7 Live Solar Projects in 2024
We took learning points from our first solar project in 2023 and applied to six other solar projects in 2024. We partnered with The Solar Foundation, Helpers Social Development Foundation, and Tech and Sun to develop and onboard six different solar projects to the protocol.
We gathered new insights from these projects through summer. The key outcome was a hardware redesign of the smart meter to ensure that it easily adapts to large-scale solar projects. 30 new smart meters were mass produced and deployed on the protocol to that effect.
Toured Web3 Africa
This year, we visited major Web3 hubs across Africa, setting the stage for future collaborations with aligned individuals and groups. We attended the Web3 Lagos Conference in Lagos, the Startup South 9 in Port Harcourt, and ETHSafari in Kenya.
We formed new relationships within and outside these events with Web3 stakeholders throughout the year. We plan to share more information about these partnerships as they materialise in 2025. You can join our discord to stay updated.
2025 In-View
In 2025, we aim to build on the momentum achieved in 2024.
Towards the end of 2024, we kick started a few projects and highlighted them in “Full Inclusion”.
TL;DR:
Develop and integrate a solar-powered microgrid in Nigeria
Deploy the multi-chain version of the protocol
Build a solid developer community across all compatible chains
If you are reading this, you have been a great part of our success this year. For that, we are very grateful!
Stay safe and see you in 2025 🌞
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George E
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