Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3
Summary
Cardano Accelerator Adaverse Invests in Afriguilds Mission to Onboard Africans Into Web3Adaverse, a Cardano ecosystem accelerator set up to encourage the growth of Web3 crypto-native enterprises in Africa, announced its investment into a seed funding round for Afriguild, a blockchain gaming guild-turned DAO (decentralized autonomous organization) providing opportunities for Africans through gaming, education and community building. With a goal to further drive financial inclusion and empowerment, Afriguild has made a significant impact across nine (9) cities in Nigeria with plans to expand into four (4) African countries by 2022 Q4. By creating new types of work, young people can have multiple income streams such as game winnings, NFT asset investment, paid contributor roles in the community and so on.The GameFi industry will be worth an astounding $314 billion by global estimations in 2026, and Africa will account for a significant portion of that revenue due to the continents massive youth population and an abundance of mobile users estimated at over 747 million. Afriguild solves this problem by aggregating the top games and simplifying them for the African youth to play and earn while building confidence within an energetic and dynamic gaming community.Shogo Ishida, co-CEO for the Middle East & Africa at EMURGO Africa, stated Social communities will re-engineer the structure of global commerce while leveraging Web3 applications running on blockchain technology. EMURGO Africa is pleased to support the vision of Afriguilds leadership and development team to create a better Africa on Cardanos third-generation blockchain which desires to provide equal economic opportunities to those that lack access.Beyond building a gaming guild, Afriguild aspires to become the LinkedIn of the Metaverse a Web3 hub that connects Africans to multiple earning opportunities on the Metaverse with P2E models and a marketplace where game developers are directly connected to hire the services of Scholars, Gamers, Testers, and all kinds of contributors.
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