Expanding Horizons: Adaverse’s New Chapter in Saudi Arabia🌟

Adaverse Accelerator
4 min readNov 27, 2023


We’re incredibly excited to share that Adaverse has officially set a new base in the vibrant city of Riyadh, Saudi Arabia.

This is coming after a year of active presence in MENA region through our collaborative and mentorship effort as a Cardano accelerator. This is a significant move that is more than just an expansion; it’s a celebration of the vibrant Web3 culture flourishing right here in Saudi Arabia.

🌍 Adaverse’s Global Impact: From Local to Global 🚀

As we approach the end of 2023, we are celebrating our expansive global footprint in Web3 space. As a leading venture fund and accelerator, our roots are deeply entrenched in Asia and Africa, and our new commitment in the Middle East is kicking off with great momentum. Our collaborative efforts with EMURGO Africa and Everest Ventures Group (EVG) have solidified our position as the leading Web3 accelerator in Africa and the most active in deploying capital to Web3 projects on the continent.

With a successful track record of accelerating companies in Asia and Africa, Adaverse is excited to contribute positively to the Kingdom of Saudi Arabia and the broader MENA region’s blockchain landscape. Together, we can unlock new possibilities and advance blockchain technology.

Our Riyadh Journey So far:

Embracing the dynamic spirit of Saudi Arabia’s tech-savvy youth and its burgeoning digital economy. As we unveil our new base in Riyadh, we’re filled with gratitude for the collaborations and friendships we’ve forged so far in the Web3 community.

  • First Web3 Meetup Was a Success: Our recent Web3 Meetup in Riyadh was nothing short of inspiring, featuring an exceptional array of startup founders and market leaders. This event not only showcased the region’s potential in blockchain technology but also reinforced the importance of strong collaborations and community bonds in the Web3 sphere.
  • Collaborations and Friendship: In a significant collaboration to mark our launch, we joined forces with Takadao at Offchain Riyadh last week, marking a milestone in our journey. It’s been an exhilarating journey connecting with pro-Web3 entities in Riyadh, forging friendships and partnerships with visionaries like Nuqtah, BIM Ventures, and JAWRAA, etc. Their passion and expertise align seamlessly with our vision for the Kingdom’s growth through Web3

Upcoming Web3 Events

Community building is at the heart of development, and Adaverse remains committed to fostering avenues for networking and collaboration. Get ready for the next edition of the Adaverse Web3 Meetup in Riyadh, coming up this December.

We will gather in Riyadh, over coffee to exchange innovative ideas. It’s the perfect atmosphere to connect, share insights, and draw inspiration from each other in the dynamic realm of Web3. Join us as we continue to strengthen our community and shape the future of blockchain technology together.

For more details and to RSVP, visit the event page

🚀Leaping Ahead Into 2024

As part of the Cardano ecosystem, known for our impactful investments, we’re gearing up for an ambitious 2024. As we establish our presence in Riyadh, we remain steadfast in nurturing partnerships and exploring new growth and innovation avenues in the blockchain domain.

We invite venture capitalists, startups, visionaries, and market makers to join us in this transformative journey, leveraging the power of Web3 tools to shape the MENA economy.

  • Venture Capitalists: Collaborate with us to uncover and invest in groundbreaking projects.
  • Startups: Utilize our expertise and network to enhance your growth in the blockchain ecosystem.
  • Visionaries and Market Makers: Work with us to create significant economic shifts and maximize blockchain technology’s potential.

Central to our focus is the launch of various initiatives designed to support local startups and foster an inclusive blockchain community. We aim to bridge the gap between technological advancement and practical, real-world applications.

Let’s do this together. Your involvement and insights are crucial as we embark on this exciting new chapter.

About Adaverse

Adaverse is a Web3 Investor, Accelerator and Incubator, serving as Cardano’s venture wing for MEA and Asia. Adaverse provides a comprehensive range of services, including blockchain advisory, development, and support for early-stage Web3 startups. Since its inception, Adaverse made 53 investments across diverse sectors such as Web3, exchanges, NFTs, gamefi, DeFi, and proptech. Through a potent blend of funds, mentorship, and technological infrastructure, Adaverse aims to scale Web3 solutions globally, drawing upon its international expertise and in-depth local market experience.

­Click Here to apply for funding and join our portfolio

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For media inquiries please email bola@adaverse.co



Adaverse Accelerator

Adaverse is a Venture fund and Cardano accelerator fostering blockchain innovation in Asia, Middle East, and Africa.