EMURGO Africa, the investment and commercial arm of Cardano in Africa, has announced the establishment of EMURGO Labs, a dedicated development entity aimed at fostering the growth of emerging Web3 technologies.
Focusing on leveraging the transformative potential of the Cardano blockchain, EMURGO Labs seeks to lead digital transformation across borders and support both established and emerging Web2 and Web3 organisations.
EMURGO Labs aims to serve as a central hub for nurturing the growth of Web2 and Web3 ventures throughout the region, offering comprehensive support services, strategic partnerships, and industry-leading expertise.
CEO of EMURGO Labs, Ahmed M. Amer, believes the launch marks “a significant step forward in our mission to unlock the transformative potential of blockchain technology in Africa, Middle East and GCC.” He was confident that if led well, and with the right partnerships, “EMURGO Labs will become the premier destination for Web3 ventures seeking to thrive in this dynamic region”
The newly launched entity is dedicated to delivering a range of services tailored to meet the evolving needs of the digital era, including blockchain solutions development, custom software development, and UI/UX design.
By partnering with global enterprises, startups, and accelerators, EMURGO Labs aims to invest in and develop innovative blockchain solutions with real-world use cases. Additionally, it focuses on crafting tailored software solutions to drive digital transformation and ensure good user experiences for Cardano blockchain applications.
EMURGO Labs seeks to engage a broad range of stakeholders, including Web2 and Web3 startups, banks, large corporations, governments, investors, blockchain enthusiasts, media, and policymakers. By placing itself within the global blockchain ecosystem, the organisation aims to become a pivotal player in driving Web3 innovation and facilitating cross-border expansion.
Source: APO Group
By Derrick Kafui Deti – Digital Economy Magazine
