Mazzuma, a Ghanaian startup in the Web3 space, has recently secured an undisclosed amount of financing from Adaverse. This funding will be utilized to implement the roll-out of their innovative smart contract creation platform called MazzumaGPT, which harnesses the power of artificial intelligence (AI).

Originally established in 2017 by Nii-Osae Osae-Dade and Kofi Genfi, who are childhood friends, Mazzuma initially began as a payments application. However, over time, the company has gradually transitioned into the world of Web3 by venturing into cryptocurrencies and blockchain technology.

MazzumaGPT, powered by AI, serves as a tool designed to assist developers in effortlessly generating smart contract code for decentralized applications within the Web3 ecosystem. By combining the capabilities of AI and blockchain, this platform empowers companies to explore new possibilities and accelerates the process of creating and deploying smart contracts.

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With the support and undisclosed funding from Adaverse, Mazzuma is well-positioned to launch and expand the reach of their MazzumaGPT solution. Kofi Genfi expressed their company’s vision, stating that they strive to build tools that bridge the gap between the Web2 and Web3 ecosystems while staying at the forefront of technology advancement, particularly in the field of artificial intelligence. Genfi further emphasized their pride in introducing MazzumaGPT to the market and highlighted the valuable resources they have gained access to within the Cardano ecosystem through their partnership with Adaverse.

Mazzuma contract Mazzuma contract

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