Adaverse, a Cardano ecosystem accelerator founded to boost the development of Web3-based solutions in Africa, has unveiled its participation in a fundraising round for Seso Global, an online real estate marketplace leveraging blockchain to reinvent the African real estate industry. The funding round aggregated prominent angel investors such as Ibrahim Sagna, Albert Essien, and Jamie Broderick, as well as venture capital firms including Emurgo Africa, Adaverse, Columbus Angel Network, Moabi Group, Rising Tide, and Kepple Africa Ventures.
Adaverse was launched in September 2021 as a joint venture partnership between EMURGO Africa and Everest Ventures, to identify and provide valuable support resources to promising African founders building the next wave of Web3 dApps in DeFi, NFTs, gaming, metaverse, and more on Cardano’s third-generation and environmentally-sustainable blockchain.
What is Seso Global?
Seso Global is an all-inclusive proptech platform redefining the African real estate business by providing a streamlined and trustworthy property buying experience. Using blockchain technology, Seso provides a marketplace that supports secure and risk-free digital land transactions between property owners, buyers, land agencies, financial institutions, and professionals that service the real estate value chain.
On the Seso platform, property buyers around the world can access a verified database of African landed properties and service companies that includes mortgage providers and legal consultants. Furthermore, the Customer Relationship Management (CRM) feature simplifies portfolio management for property owners, developers, estate agents, and investors with easy uploads of properties and payment options that transcend regional limitations.
Daniel Bloch, the CEO and co-founder of Seso conceived the idea to bolster the African real estate business with a trusted immutable ledger in 2017. Operations began officially in 2019 when the Property management CRM tool was originally launched in Nigeria on a private blockchain built from scratch. Seso has since expanded its services to include other African nations, such as Ghana and South Africa, with sales teams in Dubai, the United Kingdom, and the United States. In 2020, Seso debuted a land registry platform for automated land title processing in South Africa.
Why Seso Global?
At the heart of Seso is a desire to connect all participants in the African real estate ecosystem via a platform that promotes transparency and positive exposure for safe global investment to accelerate African economic growth. Seso addresses the lack of property documentation prevalent in rural Africa by collaborating with the government and establishing a land registry platform that will expedite the processing of title documents, and simplify property ownership and acquisition processes.
“The real estate sector is one of the cornerstones of growth for the rising African economy, but remains largely unexplored in the absence of a reliable and standardized structure. Seso is establishing a Web3-enabled solution to catalyse growth and EMURGO Africa is committed to supporting the remodelling of this dynamic market using the tools on the Cardano blockchain,” said Shogo Ishida, co-CEO for the Middle East & Africa at EMURGO Africa,
Sub-Saharan Africa has a rapidly increasing population and one of the fastest-growing Gross Domestic Products (GDP) in the world, which is anticipated to reach $29 billion by 2050. However, due to excessive capital exportation by affluent Africans and unfavourable land-use policies, the sector lacks confidence and security, which significantly impedes its anticipated growth pace. With its versatile proptech blockchain software, which now serves over 70 developers and 7,000 properties in three African nations, Seso intends to extend its operation by issuing tokens on the Cardano blockchain to improve asset liquidity for global investors. Seso has decided to build on Cardano to leverage a low-cost and energy-efficient Blockchain that should have more adoption among stakeholders in Africa.
“This partnership is key for Seso Global as it provides us with necessary partners and experts to expand our Web3 offerings. We are now seeing the growth of Blockchain real estate solutions and with Adaverse, Seso will be a trailblazer for the industry in Africa. We are confident that Cardano will see strong growth in Africa due to its lower energy needs and cost of the Blockchain.” says Daniel Bloch, CEO and co-founder of Seso Global.
Vincent Li, founding Partner at Adaverse is excited about this investment and commented; “Seso breaks the diasporan barrier limiting the development of real estate in emerging economies by onboarding the real estate marketplace on a trusted immutable platform to boost global investment in Africa. We will support the next phase of expansion and help drive the projected revenue target in the coming years.”
Adaverse is a catalyst for the Cardano ecosystem in Africa dedicated to invest, mentor and provide tech support for African startups building the next wave of Web3 decentralized applications including NFTs, DeFi, and others on Cardano’s third-generation blockchain.
Adaverse offers a strong accelerator program and funding that covers early-stage startups ranging from an idea to post-revenue series A ventures. Since its launch in 2021, through a joint venture partnership between EMURGO Africa and Everest Ventures, Adaverse has concluded strategic investment in thirteen (13) crypto-native startups building the future of Africa’s digital economy.
Adaverse is open to applications from founders all year round. Apply for funding here.
Check out an array of verified and documented properties listed on Seso Global here.
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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