AfrofutureDAO Announces $1M Africa Metaverse Fund On The Hedera Network

Twitter icon  •  Published för 1 år sedan  •  Hassan Maishera

AfrofutureDAO, a Web3 startup building tool for Africa’s Creative Industry, has launched the African Metaverse Fund.

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Thursday that AfrofutureDAO, a Web3 startup building tool for Africa’s Creative Industry, has launched the African Metaverse Fund. This is a $1 Million grant fund for Africa’s Creative Industry to launch into Web3. The Africa Metaverse Fund is a collaboration between The HBAR Foundation and AfrofutureDAO to support Africa’s Creative Industry to be a first mover into Web3. Furthermore, AfrofutureDAO also announced its first product, Derived, a platform for Africa’s cultural institutions and museums to collaborate with NFT artists to remix archives into their artwork. Museums can use the Derived to monetize their digital archives in new ways while co-creating the NFT artist community. Through their first product,

Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0738 at press time, up by 4% over the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.