Adaverse, a Cardano ecosystem accelerator that aims to support the growth of crypto-native enterprises in Africa, recently announced its investment in four (4) noteworthy innovation solutions.
Adaverse has succeeded in making strategic investments in the most innovative crypto-native enterprises to emerge from Africa, with support from founder companies EMURGO and Everest Ventures Group (EVG).
They recently partnered with other well-known companies to close fundraising rounds for crypto-native startups in Africa that are developing the most innovative, scalable, and critical solutions in areas such as peer-to-peer systems, Talent protocol, DeFi, cross-border payments, gaming, and NFTs.
The most recent commitment is to assist Afriex, BetDemand, Seso Global Limited, and AfriBlocks in growing and scaling their businesses.
Afriex
Afriex is a startup that provides a platform that enables users to send and receive money to anyone in the world.
Afriex is a blockchain-based app that allows users to send money and deposit cash to a bank account or another user, and withdraw money to a linked bank or debit card instantly and without fees.
Furthermore, the company created a mobile app that allows users to send, receive, and transfer funds overseas at current currency rates, as well as withdrawal options to help consumers expedite payments and transactions.
Sesoglobal
Founded in 2017, Seso Global is a company that provides a platform for digital land transactions. It enables property owners, land service organizations, and financial institutions to conduct blockchain land transactions.
BetDemand
BetDemand is a DeFi service that collects monies — crypto in a sports match grand prize, allowing users to determine the result of a game and awarding cash prizes to the winners with no one losing money, even if the bet is lost.
In its current form, betting has been around for a long time. Users are willing to lose their wager amounts most of the time with conventional gambling establishments in exchange for the chance to win big occasionally.
No — loss sport betting, such as BetDemand, was not conceivable before the existence of programmable loan and borrowing, which DEFI provides. BetDemand could not have existed four years ago, when DEFI became popular.
It was difficult to save a fixed deposit programmatically for a short period of only 7 days and receive the interest while doing so. But it’s doable with DeFi, which opens up a whole new universe of possibilities.
AfriBlocks
AfriBlocks is a rapidly expanding platform that links you with African professionals who are experienced, qualified, and talented.
AfriBlocks, which was founded in 2020, is a two-sided on-demand platform with expert freelancers delivering services to clients all over the world at low prices, altering the way African professionals operate and addressing the problem of unemployment.
Adaverse has also invested in CassavaNetwork and Canza_Finance.
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