Adaverse Annual Summary and Outlook: Bridging Hope between Africa and the Cardano Ecosystem

Author: Adaverse

Adaverse has been strategically positioning itself in Africa since 2021. In response to the evolving industry landscape in 2022, Adaverse further deepened its connections between the Asian and African markets and gradually expanded to the global market, dedicated to providing funding, guidance, and technical infrastructure for blockchain entrepreneurs, making significant contributions to Web3 development and the Cardano ecosystem.

Adaverse: The Official Global Incubator of Cardano Starting from Africa

The core strength of Adaverse's incubation strategy lies in its access to first-hand incubation resources supported by EMURGO, the official commercial incubator of Cardano, and IOG, the technical development company:

• As a collaborative project between EMURGO and Everest Ventures Group, Adaverse brings together entrepreneurs, strategists, and mentors from Africa, Asia, and other regions;
• Adaverse has ample funding reserves and prefers to invest in startup projects with a scale between $100,000 and $300,000, with an average investment size of $150,000;
• In addition to regular financial support, Adaverse also encompasses Cardano's official ecosystem resources, development progress support, token model design, development planning integration, legal consulting assistance, media partnership collaboration, and more;

Since its establishment in 2021, Adaverse has focused on Africa, making significant investments in various high-quality projects within the Cardano ecosystem across the continent.

In 2022, the investment and incubation business further extended to Asia and even globally, comprehensively focusing on supporting infrastructure projects such as Web3.0 and Layer2, as well as various sectors like DeFi, NFTs, and DAOs.

Particularly addressing the pain points of initial-stage projects struggling to gain exposure and funding, Adaverse not only provides Cardano's startups with comprehensive support including funding, resources, mentors, and venues, but also helps them leverage Adaverse's resources to quickly access the Cardano ecosystem matrix, achieving synergies between liquidity and DApp products.

From this perspective, Adaverse is not just a simple funding incubator; thanks to its official endorsement and resource support, it can provide comprehensive ecosystem support:

• For developers and startups, this means that after screening and support, they can quickly connect with official ecosystem resources, receiving a green light to enter the promising land of Cardano;
• For Adaverse, it provides a platform and plays a key hub role, where interesting ideas from Africa and Asia, as well as globally, can find investment opportunities and quickly push projects to market, gaining the benefits of ecosystem growth;

Adaverse 2022 Review: Bridging Cardano Startups in Asia and Africa

From a data perspective, leveraging first-hand official incubation resources and investment funds, Adaverse's incubation footprint gradually expanded in Asia, Africa, and globally after deepening its layout in 2022:

A total of over 30 portfolio companies covering multiple sectors including Web3, exchanges, NFTs, gaming, DeFi, and real estate technology have been invested in, spanning 10 countries across 10 industries, forming a nascent ecosystem matrix.

The African market includes remittance payment (Afriex), African real estate market (Seso Global), cryptocurrency investment platform (Ejara), emerging market bank (Canza), blockchain infrastructure (Cassava Network), among other startups that integrate African and Cardano ecosystem roles:

• Afriex: A stablecoin-based payment platform that provides multiple currency support for the African remittance market;
• Seso Global: A blockchain-based secure real estate management, documentation, and transaction platform for the African real estate market;
• Ejara: An investment platform designed for French-speaking Africans, integrating cryptocurrencies, tokenized stocks, bonds, and equities;
• Canza: An emerging market bank that provides financing channels for SMEs through local currency markets in Africa;
• Cassava: A Web3 infrastructure based in Africa, offering services including token reward networks, digital identity systems, user-controlled data profiles, and cryptocurrency and NFT wallets designed to empower content creators;

The Asian and global markets include Web3 infrastructure service providers (Kaya Labs), Web3 gaming (Conjure Games), payment (REAP), and other high-quality startups from Asia and around the world:

• Kaya Labs: A "Web3 as a Service" infrastructure service provider aimed at making Web3 data accessible and interpretable, offering simple, parameterized real-time blockchain data access services for developers to business decision-makers;
• Conjure Games: A Web3 gaming studio founded by Tim Fields, former CEO of Kabam and a gaming industry legend, with YGG serving as an advisor and early investor;
• REAP: A payment technology company providing one-stop enterprise financial management solutions for Web2 and Web3 businesses;

Adaverse has also launched the "Program Hub" specifically for Builders, aimed at providing portfolio companies with quick access to accelerator resources.

Additionally, a series of related themed podcasts have been launched, inviting guests to discuss topics such as "Investment Opportunities in African Cryptocurrency" and "How Blockchain is Changing the Real Estate Industry," sharing insights on the development trends of Cardano and Web3.

Where are the millions of incremental users in cryptocurrency? They are in Africa, Asia, Latin America, and other third-world countries lacking financial tools, which presents both challenges and opportunities.

Thus, since its inception in 2021, Adaverse has chosen to deeply cultivate Africa, bringing the convenience of the Cardano ecosystem and blockchain systems to this fertile land, while successfully sharing in the rapid growth dividends of the African continent in 2022:

It has not only helped the Cardano ecosystem gradually take root in Africa but has also garnered a sufficient base of seed users, laying a solid foundation for the continued expansion of Cardano and blockchain technology across the continent.

Moreover, Adaverse focuses on connecting the African market with other global markets (Asia, the U.S., etc.), formulating Asian investment themes and trading channels, which helps enterprises penetrate the African market while bringing high-quality African startups to the global stage, allowing global users and investors to share in the growth dividends of the African continent.

For this reason, Adaverse has established offices and teams around the world, including in Nigeria, Dubai, Singapore, Hong Kong, Shanghai, and London. The Adaverse international partner network provides excellent conditions for finding top projects and nurturing potential teams.

With a solid foundation in Africa and Asia, Adaverse can leverage its expertise, global network, and resources to provide marketing and public relations support for partners on an international level.

Adaverse 2023 Outlook

Overall, Adaverse has made significant progress in recent years by integrating official resources from EMURGO and Cardano:

• Not only has it expanded its team and portfolio, but it has also established a strong brand presence for Adaverse and Cardano in Africa and Asia;
• At the same time, it has widely expanded its business globally, participating as early as possible in potential projects within the Cardano ecosystem, yielding high returns;

"Cardano" and "Asia-Africa" rely on and achieve each other, and will continue to be the main theme of Adaverse's investments in 2023.

In addition to Africa, markets like Vietnam and Thailand in Southeast Asia are also areas ripe for development, so Adaverse will delve deeper into promising continents like Southeast Asia in 2023.

It is important to note that compared to the well-funded venture capital regions of Europe and America, Southeast Asia has very few fortunate high-quality projects that can attract the attention of industry investment institutions, while most grassroots startups still suffer from insufficient development funding. This is an unavoidable challenge for Adaverse in promoting the prosperity of the Cardano ecosystem and an opportunity that Adaverse can seize in the process of advocating for Web3.

Furthermore, in the face of the narrative impact of new public chains, Cardano in 2022 remains the "elephant in the room," firmly positioned at the forefront of the cryptocurrency market, while steadily completing its transition into the era of smart contracts.

Against this backdrop, Cardano in 2023 will leverage smart contracts as a new growth driver, likely becoming a new source of innovation and profit effects, where Adaverse, connecting "projects" on one end and "funding" on the other, is destined to become an increasingly important "key hub" in the Cardano ecosystem.

Whether targeting existing users with DEXs, stablecoins, and other types of on-chain DApp matrices, or building Web3 infrastructure for incremental users such as remittance payments and freelancer markets, all are gradually accumulating momentum, awaiting the explosive points of technology and sentiment.

Therefore, helping outstanding startups in regions like Africa and Southeast Asia share in the continuously flourishing development dividends of the Cardano ecosystem is Adaverse's vision and a differentiated advantage compared to other traditional investment institutions.

Conclusion

The winds of change begin at the edges; in 2022, both the Cardano ecosystem and regions like Africa and Southeast Asia are fertile grounds full of growth dividends, likely to take completely different strides.

In this context, Adaverse's actions are bound to be more frequent than the $6 million in 2022, as it continues to lay out its strategy in Asia and Africa while further deepening the Cardano ecosystem. Whether it can achieve a financing layout exceeding $10 million, several times that of 2022, remains to be seen.

Long Asia and Africa, Long Cardano!

Official Homepage: adaverse.co