Emurgo, a global blockchain technology company to host Cardano Blockchain Founders Hangout (BFH) in Abuja among Nigerian entrepreneurs on September 25, 2022.
According to the company, the Cardano event connects and identifies young Africans developing the next wave of socially impactful solutions using Web3.0 tools.
However, among the organisers are Vincent Li and Chuta Chimezie, both partners at Adaverse, who will be in Abuja on Sunday to meet with entrepreneurs, startups, blockchain developers, and other company representatives to hold discussions about the challenges faced by African Web3 startups and to offer solutions for all your startup needs.
According to the company, the event will highlight ground-breaking Web3 projects in Africa, Adaverse portfolio companies, Emurgo Africa’s investment goals, and how young entrepreneurs can get support for startup growth.
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Recently, the BFH 1.0 was launched in Lagos Nigeria this year by Cardano accelerator Adaverse in partnership with Emurogo Africa. to drive Cardano awareness across the country and Africa at large,
During the event, the company recorded a huge gathering of over 200 attendees in Lagos – including startup founders in Web 2.0 and Web 3.0, cryptocurrency enthusiasts, blockchain evangelists, policy experts, and press media, among others, who were passionate about building a thriving digitally-relevant economy in Africa.
The executives of EMURGO and Adaverse hosted founders and members of blockchain communities and media at the Blockchain Founders Hangout 2.0 on Monday, August 15, 2022.
The hangout brought together founders, potential founders, and investors from EMURGO and Adaverse and created an avenue for networking and sharing ideas. Founders had the opportunity to briefly pitch their ideas and engage the EMURGO and Adaverse teams.
In attendance were Shogo Ishida, Executive Director for Middle East and Africa, EMURGO Africa; Yosuke Yoshida, Co-CEO for Middle East and Africa, EMURGO Africa; William Phelps, Adaverse Investment Manager; Hiroshi Yokoyama, Growth Partner, Cardano Africa; Chimezie Chuta, Adaverse Partner, and other members of the EMURGO and Adaverse teams.
Chimezie Chuta gave the opening remark and spoke about how blockchain technology can transform lives and how that led to the founding of Adaverse, a Cardano Ecosystem Accelerator focused on providing funding to blockchain-oriented startups in Africa.
Chuta said they have done their research and are looking at the areas where people can get funding, saying that beyond funding, Adaverse also teaches people other things they need to grow their startup via an accelerator programme.
Yosuke Yoshida gave a brief lecture on the Cardano Foundation and EMURGO. According to him, Cardano is a third-generation blockchain. Ranked sixth in the crypto market cap, it is an open-source proof-of-stake blockchain project launched in 2015 to address existing challenges in cryptocurrency design and development.
Yoshida said the Cardano blockchain is solving the issues of scalability, interoperability, and sustainability better than other blockchains, adding that the goal of the Cardano Foundation is to be the leading project for the next decade.
He discussed the development benefits and advantages of the Cardano blockchain over most blockchains and listed some of EMURGO’s products, including the Yoroi Wallet and Fibo, Cardano’s open-source NFT marketplace.
Shogo Ishida came on stage after Yoshida to discuss EMURGO’s activities in Africa.
He spoke on how founders can get funding from venture capital (VC) firms. Before adding that VCs have to benefit when they invest, he said, “the first thing you should know is that VCs have their interests and motivation when they want to invest.”
Ishida said that one of the challenges of VCs in Nigeria and Africa is the lack of credit score or identification.
He said, “as VCs, we have a very strong interest in expanding in Africa.” According to him, this is reinforced by the many creative products they have seen from this part of the world.
Ishida spoke about one of their recent investments, AfriBlocks — a pan-African freelance marketplace based in Zimbabwe.
Using AfriBlocks’ success story as an example, Ishida said people seeking funding should have a clear and concise mission statement. Secondly, he said that the solutions to the problems businesses are trying to solve must align. Also, the projects should match their achievements with milestones shown as evidence. He concluded by advising founders to have a team with members whose careers are relevant to what they are building.
Buttressing Ishida’s point about founders having a team, William Phelps said that investors are not likely to invest if there is no team.
He also advised founders not to rush to get funding but instead first grow organically. According to him, bootstrapped projects show more promise to investors than projects that are not bootstrapped.
He said founders should always ask themselves if it is the right time to give away equity. He concluded by advising the founders present to know their projects, be clear about what they are looking for in terms of funding, and exercise patience.
Founders who need funding are encouraged to send pitch deck to https://www.f6s.com/adaverse-accelerator/apply
About Adaverse
Adaverse is a catalyst for the Cardano ecosystem in Africa dedicated to invest, mentor and provide tech support for organically grown startups building the next wave of Web3 decentralized applications including NFTs, DeFi, and others on Cardano’s third-generation blockchain. visit website – www.adaverse.co
Mark your calendars: This August 15th, Shogo Ishida, Yosuke Yoshida, Chuta Chimezie and William Phelps will discuss how African Web3 startups can raise funding and Web3 project ideation at the upcoming Cardano Blockchain Founders Hangout 2.0 (BFH2) in Lagos, Nigeria.
Cardano accelerator Adaverse, in collaboration with EMURGO Africa, will host the second edition of the Blockchain Founders Hangout in Lagos, Nigeria on August 15th, 2022 to demystify venture funding in Africa and encourage more promising African Web3 startups to get on board the Adaverse accelerator program.
The Blockchain Founders Hangout 2.0 will focus on addressing the challenges African Web3 startups face while fundraising. Shogo Ishida and Yosuke Yoshida, co-CEOs for the Middle East and Africa at E MURGO Africa, will be in Lagos to meet with entrepreneurs, developers, founders, blockchain developers, creatives, investors, and other industry stakeholders to lead collaborative discussions on why Cardano’s third-generation blockchain is ideal for Web3 startups to build upon.
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.
What is EMURGO Africa?
EMURGO Africa is the investment subsidiary of EMURGO, the official commercial arm and a founding entity of the Cardano blockchain. Cardano is the largest proof-of-stake blockchain by current market capitalization and driven by a research-first approach to offer economic services to all by providing a platform for decentralised applications for finance, identity, property, and others.
EMURGO Africa was founded in 2021 to aggregate the resources required to promote the adoption of Cardano as the standard tech infrastructure platform for enterprises developing Web3 solutions to catalyse the fast-rising African digital economy.
Read more about EMURGO Africa.
What is Adaverse?
Adaverse is a Cardano ecosystem Accelerator aggregating ace global entrepreneurs, business strategists, tech support and industry leaders to mentor young startups building revolutionary Web3 solutions in Africa. Launched in September 2021 as a joint venture partnership between one of EMURGO’s investment arms, EMURGO Africa, and Everest Ventures, Adaverse identifies and invests in promising startups building decentralised applications on Cardano’s environmentally-sustainable blockchain to solve real issues in the African market.
In the last 6 months, Adaverse has received over 300 funding requests and has committed funds to 13 companies across 6 sectors including proptech, gaming, exchanges, DeFi, NFTs and metaverse. Beyond funding, 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 in-depth knowledge of Cardano blockchain development, venture capital, entrepreneurship, and financial markets.
Adaverse is open to applications from founders all year round. Apply for funding here.
Hangout Info & Details
Guest Speakers:
- Shogo Ishida and Yosuke Yoshida – co-CEOs for the Middle East and Africa at EMURGO Africa
- Chuta Chimezie – Partner at Adaverse
- William Phelps – Investment Manager at Adaverse
Location: Bature Brewery Lagos, 256 Etim Inyang Crescent, Victoria Island 106104, Lagos (Click here for map)
Date: Monday 15th, August 2022
Time: 15:00 West Africa Time (WAT)
Register Free: https://bit.ly/3QncQWC
Startup founders and blockchain enthusiasts are all invited.
About Adaverse
About EMURGO
LinkedIn: @EMURGO_io
This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa
EMURGO Africa, the investment subsidiary of Cardano blockchain’s official commercial arm EMURGO, and Adaverse, a Cardano ecosystem accelerator, is set to 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.
Read more about EMURGO Africa.
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?
Click here to apply now for Adaverse’s year-round accelerator program.
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
- tokenomics
- 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
Startup founders can register for the hangout for free here!
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
About EMURGO
About Adaverse