Kelsie Ventures, the company behind the launch of Libra—the failed altcoin launch that caused turmoil of backlash for Argentine President Javier Milei—reportedly had plans to expand the project to another continent.
Kelsie Ventures, the company behind the troubled Libra altcoin launch in Argentina, reportedly planned to expand the project to Nigeria.
According to TheBigWhale, Kelsie Ventures CEO Hayden Davis met with Nigerian government officials to discuss launching a similar initiative in the country. While the report does not explicitly mention President Bola Tinubu's involvement, Davis and his administration were reportedly working on launching a SOL-based memecoin.
Following the events in Argentina, President Javier Milei faces potential legal repercussions for his alleged role in the token launch. Opposition parties filed fraud complaints and an impeachment request against him over the incident.
Given the negative publicity surrounding the South American launch, it seems unlikely that Nigeria will proceed with plans to launch a new token with Kelsie Ventures. However, the growing interest in digital assets and blockchain technology could lead other countries or private investors to pursue similar ventures, using the lessons learned from the Argentine case.
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