Adaverse, a Cardano ecosystem accelerator founded to foster the growth of Web3 crypto-native businesses in Africa, has announced its investment in a seed funding round for Afriguild, a blockchain gaming guild-turned DAO (decentralised autonomous organisation) that provides opportunities for Africans through gaming, education, and community building.

Adaverse and EMURGO Africa have joined other significant investors in this round of funding to accelerate Afriguild’s aim of onboarding 100 million Africans into Web3 over the next five years.

Adaverse, a joint venture partnership between EMURGO Africa and Everest Ventures, was launched in September 2021 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.

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“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,” Toyosi Abolarin, Co-founder at Afriguild said.

Why The Investor Invested

“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,” Shogo Ishida, co-CEO for the Middle East & Africa at EMURGO Africa, said.

Vincent Li, Founding Partner at Adaverse said: 

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“The Cardano community upholds an organic and sustainable approach to problem-solving and Adaverse is excited to welcome the Afriguild team onboard the accelerator program. 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.”

A Look At What Afriguild Does

Afriguild began as a social gaming company dedicated to making high-quality Web3 games accessible and lucrative to Africans. Afriguild created a highly functional platform in its first few months that allows Africans to participate in blockchain P2E games and other income-generating opportunities in the growing Metaverse.

At its core, Afriguild thinks that Africa is the true use case for Web3 prospects. Africa has all the appropriate indicators to reach continent-wide adoption in a few years, with a population of over a billion individuals under the age of 35. The amount of people who join the Web3 ecosystem has a direct impact on Web3’s relevance and impact over time. This is why Afriguild is currently laying the groundwork for the next 100 million Africans.

Afriguild has over three thousand members on its Discord social messaging network since its introduction in late 2021 and is aggressively advancing its objective through gaming, installing Web3 learning packages, and developing IRL blockchain communities across tertiary campuses in Africa.

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Afriguild has made a substantial effect across nine (9) cities in Nigeria, with ambitions to expand into four (4) African nations by 2022 Q4 with the goal of further driving financial inclusion and empowerment. Afriguild is also aiming to close the gender gap in the blockchain arena, having recently launched the Web3 Africa Women (WAW) Fellowship to give learn-to-earn opportunities for women throughout the continent who are interested in pursuing a career in technology.

“We are equally excited about the Adaverse accelerator programme, 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”, said Tomiwa Olajide, Co-founder of Afriguild.

.Adaverse Afriguild Adaverse Afriguild

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Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh