EMURGO Africa Invests $250K in Changeblock

The Partnership will Enable Unique Carbon Asset IDs on Cardano, boosting transparency through specialized digital identity.

By Staff

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EMURGO Africa, the venture arm of EMURGO focused on Africa and the Middle East, has made a significant investment of $250,000 in Changeblock, a move that underscores their commitment to driving positive change within the carbon market. As a prominent entity behind the Cardano blockchain, EMURGO Africa’s investment not only signifies their financial backing but also their endorsement of innovative blockchain-based solutions in the region.

With a strong emphasis on sustainable development and environmental responsibility, EMURGO Africa’s partnership with Changeblock aims to catalyze transformative change in the carbon market landscape.

Ahmed M. Amer, CEO of EMURGO Africa and Executive Director of EMURGO MEA, emphasized the alignment of this investment with their mission to promote climate change reversal technologies on Cardano’s environmentally-conscious blockchain platform.

“Our investment in ChangeBlock is in line with our commitment to foster the development of climate change reversal technologies and impactful solutions on Cardano’s third-generation and environmentally-sustainable blockchain,” he said.

Ahmed M. Amer further emphasized, “Together with ChangeBlock, we hope to bring the world’s regulators, business leaders, and global changemakers to foster and double down on their commitment to a global net zero strategy that is both economically viable and monetizable.”

Billy Richards, CEO of Changeblock, echoed the shared vision between EMURGO Africa and Changeblock, stating, “Our shared vision with EMURGO Africa is to turn sustainable action into a valuable, tradeable asset for Africa. By leveraging the power of blockchain, we’re creating a transparent and efficient market that incentivizes sustainable practices and attracts climate-focused investments.”

EMURGO Africa’s investment in Changeblock is designed to fortify the growth of innovative solutions within the carbon market. This strategic partnership bolsters Changeblock’s position in the realm of carbon market technology while aligning with EMURGO Africa’s overarching goal of propelling blockchain adoption for the betterment of Africa and the Middle East, both in terms of economic advancement and social progress.

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