Adaverse, a Cardano ecosystem accelerator set up to encourage the growth of Web3 crypto-native enterprises in Africa, announced its investment into a seed funding round for Afriguild, a blockchain gaming guild-turned DAO (decentralized autonomous organization) providing opportunities for Africans through gaming, education, and community building. Adaverse and EMURGO Africa have joined other notable investors in this investment round to speed up Afriguild’s mission to onboard 100m Africans into Web3 over the next 5 years.
Adaverse was launched in September 2021 as a joint venture partnership between EMURGO Africa and Everest Ventures, to identify and provide valuable support resources to promising African startups building the next wave of Web3 dApps in DeFi, NFTs, gaming, and metaverse tools on Cardano’s third-generation and environmentally-sustainable blockchain.
Shogo Ishida, co-CEO for the Middle East & Africa at EMURGO Africa stated, “Social communities will re-engineer the structure of global commerce while leveraging Web3 applications running on blockchain technology. Africa is socially communal and Afriguild is building the bridge to financial breakthrough by connecting young Africans to the emerging Web3 world. EMURGO Africa is pleased to support the vision of Afriguild’s leadership and development team to create a better Africa on Cardano’s third-generation blockchain which desires to provide equal economic opportunities to those that lack access”.
Toyosi Abolarin, co-founder at Afriguild stated, “At Afriguild, our strength lies within our community, and this has been the driving force behind all we do. Cardano has one of the most vibrant communities in the blockchain industry and will play a crucial role in achieving our goal of putting Africa on the map. Cardano’s technology is an innovative protocol that provides a robust infrastructure for Afriguild to develop an ecosystem of impactful and reliable products”.
Africa Money and DeFi Summit
The Africa Money & DeFi Summit will connect African fintech, payments & crypto leaders, global platforms and thought leaders on the new opportunities in Decentralized Finance (DeFi) in Accra Ghana on September 27th & 28th 2022. An array of keynotes, panels and breakout sessions will deliver key insights and offer opportunities to connect, network and do business across the African fintech and DeFi landscapes. Register today
