Adaverse

PRESS RELEASE: ADAVERSE FUNDS NUQTAH We are thrilled to announce our investment in Nuqtah, Saudi Arabia's leading blockchain infrastructure builder and NFT management solution. Nuqtah is innovating consumer experience with NFTs and helping organisations LEAP thrive, and enrich Saudi Arabia's economy especially in tourism and art. Nuqtah CEO Salwa Radwi is an exceptional entrepreneur and artist. Her passion project is already transforming experiences for businesses and events such as LEAP in Saudi Arabia, setting the stage for a bright future. Congratulations to the entire Nuqtah team! 🎉   This marks another step in our mission to contribute to Saudi Arabia's Vision 2030 and support exceptional startups in driving a digital economy and fostering innovation. Read more about why we invested here: https://lnkd.in/dVK5SZU7

Calling for Web3 founders in Saudi Arabia: In fact, we are already in conversation with a couple of founders now, and we're hoping to conclude some deals very soon. Reach out and let's discuss how Adaverse can support your Web3 venture! // Meanwhile, we will also be organizing a community event in Sept. If you're interested in co-hosting or getting involved, please send me a pm. Vincent Li Adaverse

To all our friends celebrating, May this Eid bring joy, happiness, and peace to you and your loved ones. Wishing everyone Eid Mubarak 🌙 #EIDAlAdha #HappyCelebration #Sacrifice #Family

Congratulations to the NODO team! Surely a trailblazer in the Web3 ecosystem in Africa.

Meet our Venture Lead Hailey Lulu Y. at the ongoing #FintechFutureSummit #Riyadh #Adaverse #Impact #Web3

I was asked how we choose startups to invest in, so here it is  ⤵ On a recent podcast episode, Terser of Unlocking Africa Podcast asked me how Adaverse identifies and builds a pipeline of promising founders and startups. I’d say that, when evaluating potential investments, we focus on two main aspects: 👉 Number 1: Founder's vision and product insight We begin with a discussion with the founders about their product and the rationale behind it. This helps us gauge their innovative thinking and the reasons behind their features. Typically, passionate founders can articulate the value of their new features leveraging blockchain technology. This passion indicates their openness and willingness to explore and innovate within the blockchain space. 👉 Number 2: Early-stage traction. We look for early traction related to their new features. For instance, with Bitmama’s virtual credit cards, we initially weren't sure if it would be an effective solution for African users. However, early traction gave us confidence in its potential effectiveness. Understanding both the "why" behind the product and seeing early traction makes our decision-making process much easier. In terms of stage, we invest at the post-demo, MVP stage, looking for early traction that demonstrates not just the product's potential but also its impact on users' lives. We measure success by evaluating if the solution drives: 👉 Financial inclusion 👉 Efficiency & Transparency 👉 Digital ownership Needless to say: we are keen on supporting founders who aim to make a positive impact, not just profit. Seeing founders who are passionate about building solutions that genuinely improve everyday lives is a key indicator for us! P.S. Throwback to one of our meet-ups in Riyadh back in December 2023!

If you missed our event on Thursday, don't worry! You can catch all the highlights on our blog! A heartfelt thank you to the speakers, and everyone who attended and contributed to making Web3 for Creatives a success! 🎉 Read more: https://lnkd.in/druXe7u7 Hailey Lulu Y. Brandie Janow Rami Djebari Sorbet Kingdom Creatives #CODE #NTDP #MCIT

A big thank you to everyone who joined Adaverse last week at CODE! Special thanks to our speakers, Brandie Janow of Kingdom Creatives, Rami Djebari of Sorbet, and our very own, Hailey Lulu Y., for their insightful discussion on how Web3 can empower creatives to make their work more efficient and profitable. The digital freelance market in the MENA region is valued at $4 billion, yet many still struggle with efficient payment solutions. We're excited to be backing Sorbet who aim to solve this exact problem. Thank you CODE team, Abdullah Alshamrani, Rana Alhuzaim and Bader AlSaif, for your support with hosting this event!

✨ Meet our speaker Hailey Lulu Yang 🌟 As the venture lead at Adaverse KSA, Hailey has a focus on scaling up Web3 solutions on a global scale. Hailey brings extensive experience from projects in South America and Africa and a drive for entrepreneurship. Join us tonight! 🗓️ Thur, May 23rd, 2024 🕒 7 PM - 9 PM KSA 📍 Center of Digital Entrepreneurship (CODE) Secure your spot now: https://lu.ma/xelp47gn Invite your friends and creative colleagues to come mingle with great minds! #Web3 #Riyadhevent #CreativeEconomy #RemoteWork #Entrepreneurship #FinTech #Stablecoin

"Web3 is complicated", "Web3 is a technology for the distant future." Not in Africa! Here, blockchain Web3 are already solving everyday problems. I was asked what motivated the willingness of African founders to build Web3-driven solutions. The simple answer is: clear market demand. Take the issue of cross-border remittance, a significant one for African users. Say, you are in Nigeria and want to make a transfer to the UK, you have 2 options: 👉 You go to an established provider MoneyGram, which takes two weeks & costs a 15% transaction fee. 👉 Use a blockchain-powered innovative app like Kotani Pay or Afriex, where the transfer takes 1 minute with costs around $1 in transaction fees. Which one would you choose? It's a no-brainer, right? We've seen a significant potential for the African market to leapfrog current Web2 solutions. Our portfolio in Africa includes companies like Afriex, Bitmama, and others, all tackling the money transfer challenge. They are all positioned differently and target diverse groups but all leverage blockchain and Web3 to solve payment and money transfer issues. Most of our portfolio companies have healthy transfer volumes and address real needs, enabling people to make payments between friends and family members seamlessly. I spoke at length about this topic & more with Terser Adamu on the Unlocking Africa Podcast. Have a listen and let me know your feedback: https://lnkd.in/d6fK4rBK