Adaverse Supports the Launch of AfriBlocks’ Pan-African Freelance Marketplace
Adaverse, a Cardano ecosystem accelerator established to foster the growth of Web3 crypto-native projects in Africa, has invested in AfriBlocks, a pan-African freelancers marketplace.
By Anna B Kiwanuka
AfriBlocks, a pan-African freelancers marketplace that links verified African experts to the international market, has received a strategic investment from Adaverse, a Cardano ecosystem accelerator created to promote the growth of Web3 crypto-native enterprises in Africa. The contribution is a part of AfriBlocks’ pre-seed funding round, which brings together prominent investors from several sectors of the market.
Adaverse was launched in September 2021 as a joint venture by EMURGO Africa and Everest Ventures, to identify and provide valuable support resources to promising African founders developing Web 3 solutions on Cardano’s third-generation and environmentally-sustainable blockchain.
They are now investing in AfriBlocks which is building a robust infrastructure that leverages blockchain technology to provide Africans and African diasporans with direct employment pathways across the globe.
Tongayi Choto, Co-founder and CEO of AfriBlocks emphasized, “AfriBlocks is reimagining the way people work by leveraging Blockchain and emerging technologies to build the infrastructure for the future of work in Africa and the support we will be receiving from Adaverse will help us achieve these milestones faster.”
Africa has the youngest population in the world, with more than 60 percent of the population under the age of 25, and the educated youth of the continent experience high unemployment. With technological advancements and a changing digital environment, AfriBlocks is highlighting the enthusiastic and entrepreneurial young Africans for better economic prospects.
“AfriBlocks is building one of Africa’s most significant pillars for the future of work, which aligns with EMURGO Africa’s mission to support foundational structures for the emerging digital economy across Africa. Rapid economic development in Africa will be accelerated when diasporan barriers are broken down, and this is achievable on Cardano’s blockchain,” said Shogo Ishida, Co-CEO for the Middle East & Africa at EMURGO Africa highlighted.
“The African professional freelance market has been largely ignored and undervalued on established traditional freelance websites. By integrating a certified database of the top African talents with seamless blockchain payment processing, AfriBlocks provides exactly what Africa needs. Adaverse is thrilled to assist this critical development stage of AfriBlocks,” said Vincent Li, Founding Partner at Adaverse added.