About EMURGO and EMURGO Africa
EMURGO Africa, the investment subsidiary of Cardano blockchain’s official commercial arm EMURGO, and Adaverse, a Cardano ecosystem accelerator, will host a Blockchain Founders hangout in Lagos, Nigeria on May 5th, 2022 to promote awareness of Cardano to the local blockchain and entrepreneur community and provide networking opportunities. Everyone is welcome to attend.
To skip to the Hangout details, see the conclusion of this blog for the RSVP link. Read on to learn more about EMURGO Africa and Adaverse.
Established in October 2021 as part of EMURGO’s $100 million Cardano ecosystem investment vehicle, EMURGO Africa’s goal is to invest and support 100 African startups building socially impactful solutions within three years and position Cardano as the standard tech infrastructure platform for Africa’s emerging industrial innovation.
To jumpstart this initiative, EMURGO Africa forged a strategic joint venture with Everest Ventures Group, a leading Asian blockchain venture studio, to launch Adaverse and invest into promising local startups building on Cardano.
In terms of the global blockchain market, Africa alone is expected to possess a 30% market share and grow from a $1.1 billion market in 2020 to a $134.9 billion market by 2028, signifying the importance of investing in Africa’s talented entrepreneurs.
What is Adaverse?
Adaverse invests and supports African startups building the next wave of Web3 decentralized applications including NFTs, DeFi, and others on Cardano’s blockchain.
Adaverse provides a strong accelerator program that spans 3 months, with a total of 24 hours of 1:1 mentorship and 12 weeks of intensive training for founders from a team of industry veterans and experts with intricate knowledge of Cardano blockchain development, venture capital, entrepreneurship, and financial markets.
The training program covers a broad scope including:
- product design for market fit
- technical support
- Cardano architecture and design principles
- proper fundraising & listing processes
Adaverse covers early-stage startups ranging from an idea to post-revenue series A ventures.
Startups that are in the pre-seed phase can get an investment of $500,000 while projects that are entering their series A funding phase can access up to $2 million.
Adaverse is open for applications year-round for the 3 months acceleration program.
To apply directly, please go to the application link here.
Hangout Info & Details
- Location: Red Charkoal, 31 Ekololu Street Off Itire Road, Surulere, Lagos, Nigeria (Click here for map)
- Date: Thursday 5th, May 2022
- Time: 15:00 West Africa Time (WAT)
- Register Free: https://bit.ly/3k8ZiQE
- Official Homepage: emurgo.io
- Twitter (Global): @EMURGO_io
- YouTube: EMURGO channel
- Discord: EMURGO Community
- Facebook: @EMURGO.io
- Instagram: @EMURGO_io
- Medium: EMURGO Announcement
- LinkedIn: @EMURGO_io