Adaverse, a Cardano ecosystem accelerator supported by EMURGO that supports African Web3 development, recently announced its investment in the “Network State” Afropolitan, a Web3-based community for African development. Adaverse joins Hashed, Cultur3, Microtraction, Future Africa, and a number of other well-known backers in Afropolitan’s competitive seed round.
The startup is a partnership between EMURGO Africa and Everest Ventures. EMURGO Africa is the regional office of EMURGO Middle East & Africa (MEA), a Cardano commercial arm that has invested in more than 20 African businesses this year. Adaverse invests in African companies that are making Web3 products on Cardano’s blockchain platform, which is good for the environment. They do this by giving them money, technical resources, and mentorship. These startups are concentrating on a wide range of Web3 solutions, such as NFTs, gaming, and others.
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What to know about Afropolitan
Afropolitan is a bold plan to make a digital nation for Africans and people from Africa who live in other countries. Inspired by the ideas of Internet entrepreneur and crypto philosopher Balaji Srinivasan, Afropolitan wants to build a global network of Africans online before bringing them together in the real world.
The main goal of Afropolitan is to bring together Black and African talent, culture, capital, knowledge, and experiences for its members all over the world. Afropoliton is still in its early stages, but it is already helping its network of 220,000 people connect, share, and grow as a group. Afropolitans get access to podcasts, seminars, and other methods to network and connect in over 33 countries across the world.
Afropolitan’s objectives will increase in line with the network. As more of Africa’s 140 million diaspora members join the Afropolitan network, the network state intends to convert to complete decentralized autonomous governance (DAO) via a “super app” that integrates all utilities inside the ecosystem. As the network expands, attempts will be made to legitimize the Afropolitan nation through state-building activities supported by both the internal token economy and external revenue sources.
Afropolitan will eventually move from being online to having real places by buying land in big cities. As Afropolis obtains more land around the world, these holdings will be linked as “Charter Cities,” each serviced by a digital capital.
Eche Emole and Chika Uwazie, inventors of Web3, are Afropolitan’s core team. The core worked together to make the manifesto that will guide how the Afropolitan network state grows and moves forward.
Afropolitan is a bold plan to make a digital nation for Africans and people from Africa who live in other countries. Inspired by the ideas of Internet entrepreneur and crypto philosopher Balaji Srinivasan, Partisan wants to build a global network of Africans online before connecting communities in the real world.
Afropolitan will eventually move from being online to having real places by buying land in big cities. As Afropolis obtains more land around the world, these holdings will be linked as “Charter Cities,” each serviced by a digital capital.
However, Africa’s riches are not solely derived from the African continent. A significant diaspora of roughly 350 million people returns approximately $65 billion every year. If this diaspora were regarded as a country, it would have the world’s third-largest population.
“Through its pan-African, value-driven platform, Afropolitan is helping millions of Africans enhance their boundless potential across the globe.” “The transition to Web3 will expand economic opportunities for Africans and the African diaspora in the flourishing digital economy, and Adaverse is ready to help this scale with tools on Cardano’s environmentally sustainable blockchain,” said Eche Emole, co-founder at Afropolitan.
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About Adaverse
Adaverse is a Cardano ecosystem accelerator that was started by EMURGO Africa and Everest Ventures Group to help the next generation of Web3 entrepreneurs from Africa become successful around the world. As an alchemist for organically formed solutions, we help companies on the African continent grow sustainable businesses through finance and a 1:1 coaching program. All year long, African startups with a crypto-native edge and a proven idea can submit a proposal to our accelerator program.