SINGAPORE, September 27, 2021 / PRNewswire / – EMURGO Ptd. Ltd. – EMURGO, the official business arm of the Cardano blockchain, today announced the launch of a new investment vehicle in the Cardano ecosystem to invest in early stage and growing companies focused on creating impactful solutions social media powered by Cardano.
As 100% subsidiaries of the parent company EMURGO Ptd. Ltd., this new Cardano investment vehicle will consist of two separate entities, EMURGO Africa and EMURGO Ventures, each with a separate investment thesis.
EMURGO Africa aims to support over three hundred regional startups through seed funding and incubation, ultimately pushing the Cardano blockchain to the standard technology platform in Africa for solutions with social impact.
EMURGO Ventures will focus on other developed markets to facilitate the creation of solutions and services on Cardano with a fixed capital allocation for start-up investments in a variety of startups and middleware solutions companies focused on Cardano, including those creating decentralized financial services (DeFi), non-fungible token projects (NFT), blockchain developer training tools and other decentralized applications.
The integration of smart contracts into Cardano’s blockchain should now foster broad innovation in decentralized services and EMURGO’s new investment vehicle through these two entities will support this initiative.
As subsidiary entities of EMURGO – one of the founding members of Cardano – EMURGO Africa and EMURGO Ventures will leverage EMURGO’s deep experience in the deployment of blockchain solutions and the global network of industrial partners to provide capital to its portfolio companies, thereby helping to strengthen the Cardano ecosystem.
Through its previous partnership with SOSV, EMURGO has made more than ten direct investments in blockchain startups, including API3 – a data service provider for blockchains that has raised major fund investments in the blockchain industry.
For its initial launch, EMURGO Africa announced two major partnerships to rapidly expand the Cardano ecosystem by Africa and use the major commercial networks of its partners.
Adanian Labs, a venture capitalist studio operator at Africa, will partner with EMURGO Africa to support impact-driven startups that are expanding the Cardano ecosystem across the continent.
Adaverse, a joint Cardano-focused accelerator program in Africa along with industry-leading blockchain accelerator Everest Ventures, will also partner with EMURGO Africa.
For its initial launch, EMURGO Ventures announced its first seed investment in Milkomeda – a dcSpark sidechain project linking Cardano and other Layer 1 blockchain protocols that will use Wrapped ADA (wADA) as an asset.
âWe are focusing more than ever on accelerating the development of the Cardano ecosystem with a rich mix of decentralized services aimed at an increasingly blockchain-aware global community. EMURGO is dedicated to meeting this demand by providing the capital and strategic resources necessary for our portfolio companies to scale rapidly and bring new solutions to Cardano â, said the CEO of EMURGO Ken kodama.
Charles hoskinson, CEO of IOHK, said: âEMURGO’s investments will help shape the future of the Cardano ecosystem, a mature network with a creative and diverse community, developing smart contract capabilities and partnerships across the world who provide social and financial services provably using Cardano. secure technology. “
According to Chainalysis Global Crypto Adoption Index 2021, global cryptocurrency adoption has jumped over 880% and is skyrocketing, driven by the use of DeFi platforms in emerging markets. It is worth noting that residents of these markets have increasingly used DeFi platforms as the primary gateway to access cryptocurrencies due to a lack of access to centralized exchanges and traditional financial services.
Projects and companies interested in seed investments and partnerships can go to the respective websites above to apply.
EMURGO is the official business arm of Cardano and provides social impact solutions to solve some of organizations’ most complex problems. As the founding entity of the Cardano protocol, EMURGO is able to leverage its capabilities of large-scale blockchain development and rapid deployment of solutions to the benefit of its global customers.
EMURGO has offices at Singapore, India, and Indonesia, and a list of global customers and partners. To connect and learn more, visit https://emurgo.io.
For more information on EMURGO
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