September 22 is a huge day for Cardano as the community has widely anticipated the launch of Vasil hard fork. This upgrade will enrich smart contract capabilities, increase Cardano’s throughput and reduce costs. Adaverse, our Cardano ecosystem accelerator, are well-positioned for the hard fork to drive massive adoption in the Cardano ecosystem.

Why Vasil Hard Fork matters?

i) Massive improvement in Plutus

Plutus is Cardano’s native smart contract language. Following the Vasil upgrade, it will deliver a second version Plutus version v(2). Vasil’s changes to the Cardano ledger will allow inputs and UTXOs to be used in scripting contracts without spending them. This led to a reduction in size of transactions that runs the script — the main reason causing previous network delays.

ii) Diffusion pipelining

This is a way to streamline the process of sharing information about newly created blocks among network participants, ensuring that blocks can be propagated across the network within 5 seconds.

How Adaverse is well-positioned to support Cardano’s future growth?

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

i) Deep partnership with Emurgo

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 environmentally-sustainable blockchain. EMURGO Africa is one of the investment arms of EMURGO, a founding entity of the Cardano blockchain.

ii) A pioneer to drive Cardano’s GameFi ecosystem in Africa

Adaverse recently invested in Diagon Studios, a Nigerian gaming technology company focused on the development and distribution of hyper-casual games, utility, and NFTs through simple play-to-earn (P2E) models. Founded by Jeremiah Onojah, a seasoned engineer with years of experience building solutions in the Web2 and Web3 spaces, Diagon Studios bridges the gap between work and play by introducing the unique value of blockchain and digital assets with a multifunctional dApp (decentralized application).

Adaverse believes Diagon Studio can demystify the Web3 gaming system in Africa by reaching the grassroots level and providing affordable options targeting low-income earners, to ensure more people find something that interests and pays them while building on a reliable infrastructure.

Adaverse also invested in Afriguild, a blockchain gaming guild-turned DAO with a big dream: onboarding 100 million Africans into Web3 over the next five years. Afriguild has made a significant impact across nine cities in Nigeria with plans to expand into four African countries by 2022 Q4.

iii) Strong DAO network in Africa

Adaverse is a proud investor of Cassava Network, 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.

Cassava’s product offering consists of token rewards networks, digital identification systems, user-controlled data profiles, and a crypto and NFT wallet specifically designed to empower content creators.

Last but not least, check out Adaverse’s analysis on Vasil Hard Fork!https://medium.com/%40adaverseasia/vasil- 硬分叉升级将至 -cardano- 生态奇点来临 -f0b89ef47329

About Everest Ventures Group

Everest Ventures Group (“EVG”) is a Web 3 focused venture studio with presence across five continents. Since 2018, it has incubated multiple technology infrastructures such as Kikitrade, Aspen Digital, Vibra Africa, LiveArtX, Cassava and BlockTempo to drive the mass adoption of digital assets. In addition, EVG is an early investor and advisor to 30+ blockchain projects globally, including renowned startups like Dapper Labs, Animoca Brands, Immutable, The Sandbox, Yuga Labs, Kraken, Lukka, Upbit and more.

About Adaverse

Adaverse is a catalyst for the Cardano ecosystem in Africa, dedicated to investing, mentoring, and providing standardised 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.

Since its launch in 2021, through a joint venture partnership between EMURGO Africa and Everest Ventures, Adaverse has concluded strategic investments in over fifteen (15) crypto-native startups and aims to support more promising game-changing solutions in the African ecosystem. Through periodic physical meetups and the 3-months intensive accelerator program for startup founders, Adaverse aims to be a launchpad for the Cardano-focused projects springing up across Africa, and the Middle East to usher in the rapidly emerging digitally reliant global economy.

Cover image credit: The Crypto Times