EMURGO’s Adaverse Invests in DeFi Platform Stakefair to Build on Cardano

What is Stakefair

Stakefair is a DeFi staking platform bridging the gap between blockchain and real-life experiences for predictive wins. Stakefair allows users to bet on the outcome of sports matches and other real-world events and also have a chance to earn money by staking digital currency. Users predict the outcome of events and stake on a particular outcome. If the prediction is wrong, users get their original stakes back. If the prediction is right, the payout is calculated based on the amount they staked, the total odds carried, and the day of the week they staked. Having seen an upsurge in the sports betting industry, Stakefair harnesses Web3 and DeFi tools to maximize data for bettors on the continent.

Why Stakefair

In the race to make DeFi more relatable for the end-user, especially in the sports betting space, Stakefair is exemplifying the true spirit of accessibility that Web3 infrastructures aim to achieve.

L — R; Blessing Emah(Blockchain engineer), Akinyemi Akindele (Founder and CEO), Popoola Peace(Growth lead), and Isewon Todimu(Blockchain Engineer)

About Adaverse

Adaverse is a catalyst for the Cardano ecosystem in Africa dedicated to invest, mentor and provide tech support for organically grown startups building the next wave of Web3 decentralized applications including NFTs, DeFi, and others on Cardano’s third-generation blockchain.

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Adaverse Accelerator

Adaverse Accelerator

Adaverse is a Cardano Ecosystem Accelerator that aggregates entrepreneurs, strategists and mentors building its most robust foundation in Africa.