A Cardano ecosystem accelerator dubbed Adaverse has entered into a seed funding round for Afriguild, a blockchain gaming platform-turned DAO to ramp up Web3 crypto-native enterprises in Africa.
Along with EMURGO Africa, Adaverse has joined other notable financial backers with a mission to attract 100m Africans into Web3 over the next 5 years.
Adaverse was born out of a joint venture collaboration between EMURGO Africa and Everest Ventures in 2021, to assist promising African startups in building the next wave of Web3 dApps in DeFi, NFTs, gaming, and metaverse tools on Cardano’s blockchain.
The Cardano accelerator also recently participated in a fundraising round for Seso Global, an online property marketplace leveraging blockchain to reinvent the African real estate industry.
Afriguild, on the other hand, began its journey as a social gaming enterprise before its foray into the Web3 space through play-to-earn games enabling Africans to participate income-generating opportunities in the emerging Metaverse.
To fully integrate into a decentralized autonomous organization [DAO] in the near future, Afriguild is planning to launch AFRI tokens created on the Cardano blockchain.
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. The blockchain’s technology is an innovative protocol that provides a robust infrastructure for Afriguild to develop an ecosystem of impactful and reliable products.
Cardano Founder- “Africa Will Become Richer Than Western Nations Via Blockchain”
According to global estimations, the GameFi industry will be valued at an astounding $314 billion in 2026. With Africa’s massive youth population and mobile users estimated to be over 747 million, the continent has all the right ingredients to reap the benefit.
Back in May, Cardano founder Charles Hoskinson claimed Africa’s embrace of blockchain technology could make it “wealthier than Western nations.”
Speaking at the Financial Times Crypto and Digital Assets Summit, the Cardano founder said then there was “more demand than supply” for its services within the world’s developing nations.
