Understanding DAOs and Their Impact in Africa

What is a DAO?

Put simply, a Decentralized Autonomous Organization, or DAO, is a type of entity structure where power is distributed across token holders who participate in the management and decision-making of the entity.

How can DAOs help Africa?

As any entrepreneur will tell you, the hardest thing to build is support for your vision, whether that’s monetary, practical, or even just mentorship. Pivoting to a DAO structure can help entrepreneurs connect to others who share their vision and want to work to make it a reality.

🚀Afriguild

Afriguild is a blockchain gaming guild-turned DAO with a big dream: onboarding 100 million Africans into Web3 over the next five years. Since its launch in late 2021, Afriguild has been actively driving its mission through gaming, deploying Web3 learning programs, as well as creating IRL blockchain communities across tertiary institutions in Africa. With a goal to drive financial inclusion and empowerment, Afriguild has made a significant impact across nine cities in Nigeria with plans to expand into four African countries by 2022 Q4.

🚀Cassava Network

Named after the African continent’s ubiquitous food staple, Cassava Network is a blockchain infrastructure that connects developers and users to Web3. Through its native $CSV token, Cassava transforms any web application into a crypto-enabled app suitable to reward contributors and end-users for their activity.

The future of DAOs in Africa

By 2028 Africa’s blockchain market is expected to be worth some $135 billion, representing almost a third of the entire blockchain market. The potential for this growth can be seen in this continent’s entrepreneurial spirit among its young and fast-growing population, as well as its growing need for innovative income streams connected to the global market.

About Adaverse

Adaverse, through its funding programs, technological infrastructure, and mentorship partnerships, can help you navigate these complex challenges to launch a strong and secure, community-focused DAO that will help you pair your vision with like-minded people across the globe.

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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.