ADAVERSE FAQs

Tips To Get Started On The Adaverse Accelerator Program

Adaverse FAQ

Hi there,
We know you’ve got questions and we have the answers. In fact, we believe we are the answer to your startup needs, especially if you are crafting a crypto-native solution for B2C and B2B use cases that will contribute to the growth of the blockchain industry in Africa.
We believe Africa is the hub of great potential with a diverse market that can be amplified by supporting young Africans to create indigenous digital solutions on the Cardano blockchain.

Here is everything you need to know to get you started!

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PROGRAM FAQs

1. What is Adaverse?
   Adaverse accelerator provides funding and investment support to startups with game-changing crypto-native projects such as defi, gamefi, nft, metaverse, and tokenised projects in Africa. We offer a 3-months intensive mentor-led program and funding to African entrepreneurs and strategists who are building blockchain-based solutions that will improve the digital infrastructure for economic growth. We provide the best resources to create and grow sustainable business enterprises on the Cardano blockchain.
2. What does the accelerator program offer?
   — Adequate project funding for gamechanging projects.
   — Trust technology to build scalable business solutions with formidable technical support.
   — Mentorship and training from an array of seasoned industry experts sourced from across the globe.
3. Who is the team behind Adaverse?
   Adaverse is a Cardano Ecosystem Accelerator program set up to boost economic growth and tech development in Africa.
   Cardano is a third-generation blockchain that uses smart contracts to provide an adaptive and scalable platform for building decentralised applications. With a vision to fast-track financial inclusion and increase development in emerging economies, Cardano is creating accessible pathways to traditional financial instruments through blockchain technology.
   Adaverse is part of the strategic initiative for development in Africa driven by a collaborative effort between EMURGO and Everest Ventures Group. EMURGO is the commercial arm of Cardano.
4. Who are the program mentors?
   Our team is composed of an exclusive group of industry experts that have acquired years of knowledge in blockchain technology and project capacity building. We have a long list of project managers, investment developers, crypto entrepreneurs, marketing directors, seasoned programmers, and product designers that will be revealed ahead of every new program batch.

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APPLICATION FAQs

1. Who is eligible to apply?
   Founders of any innovative business or project in Africa that wants to leverage cryptocurrency for business sustainability and scalability. Tech startups and SMEs can apply if they are building a blockchain solution that can benefit from tokenisation.
2. Can I apply if my project is still an idea?
   Yes, we accept applications for projects whose maturity is within the ideation and pre-revenue stage, usually between 0–2 years. Our goal is to help scale any project in its development phase with an intensive momentum to step up.
3. What is the program duration?
   The accelerator program will span 3 months. Founders will have 2 office hours every week making a total of 24 hours of 1:1 mentorship and training spread across 12 weeks.
4. What is the deadline for application?
   We are open for applications all the time for the 3 months acceleration program. The 2022 batch-1 program will begin in January through March and interested companies are expected to apply before January. Any application submitted while a program is running will be scheduled for the next batch.
5. Can I apply if my startup is not a token-related project?
   We accept crypto-focused projects like defi, gamefi, nft, etc, and we also accept startups that want to leverage crypto and blockchain to solve problems in the real world.
6. Can I apply if I don’t have plans to issue a token?
   Yes. but we expect the startups we invest in will have a future plan for tokenisation.
7. Can I apply if I am an individual and I don’t have a company?
   Yes, as long as you are an experienced blockchain entrepreneur or have a solid knowledge and concrete business plan to execute your project.
8. Can I apply if my startup doesn’t build on Cardano?
   Yes, but we expect that you will create a connection to Cardano. We encourage startups to build on Cardano while remaining multichain. We can incorporate use cases for Cardano like listing a token on Cardano DEX or a collaborative NFT project on Cardano.
9. Medium of Training
   We offer both physical and virtual sessions for training, mentorship, and seminars.
10. Scope of training
    The training covers a broad scope that is classified under 5 categories which includes; product design, tokenomics, tech support, Cardano set-up, and fundraising/listing
11. How to apply
    The application form and detailed instructions for applying can be found on our website www.adaverse.co or through this link https://www.f6s.com/adaverse-accelerator/apply. Applicants can send queries or inquiries to our official email address official@adaverse.co

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FUNDING FAQs

1. What is the ticket size?
   We cover early-stage startups ranging from an idea to post revenue series A ventures and ticket size depends on the stage of the project and fundraising plan.
   Companies that are in the pre-seed phase can get an investment of $750,000 while projects that are entering their series A funding phase can access up to $2 million.
2. Equity or token?
   We do both, we aim for token sales but we can also do equity investment if the startup is great and has a token plan.

If you have any additional questions, feel free to send an email to official@adaverse.co

Helpful Links:

Email — official@adaverse.co

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