Adaverse, a Cardano ecosystem accelerator set up to encourage the growth of Web3 crypto-native enterprises in Africa, announced yesterday its investment into a seed funding round for Afriguild, a blockchain gaming guild-turned Decentralized Autonomous Organization (DAO) providing opportunities for Africans through gaming, education and community building.
In order to accelerate Afriguild’s goal of onboarding 100 million Africans into Web3 over the next five years, Adaverse and EMURGO Africa have joined other notable investors in this investment round.
Following the announcement, the co-CEO for the Middle East & Africa at EMURGO Africa, Shogo Ishida emphasized, “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.”
The founding partner at Adaverse, Vincent Li also added, “The roadmap for the partnership with Afriguild, which aims to become the “LinkedIn” of the Metaverse, a Web3 hub that connects Africans to multiple earning opportunities on the Metaverse with P2E models and a marketplace where game developers are directly connected to hire the services of scholars, gamers, testers, and all kinds of contributors.”
He also mentioned that through this partnership, Afriguild will expand its operations across Africa and surpass its five-year goal of empowering one hundred million Africans with the means to build wealth with available resources.
Commenting about this decision, Toyosi Abolarin, co-founder at Afriguild stated that “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”.
He added saying, “We are equally excited about the Adaverse accelerator program, which provides unparalleled access to world-class mentors and advisors to build on Cardano, and who support our growth every step of the way. It is always a good thing to have investors who are invested, and this is just what Cardano represents to us.”
To apply for the Adaverse accelerator program, apply here.