Adaverse, a Cardano-focused joint accelerator enterprise, has introduced a strategic funding in Diagon Studios, a Nigerian gaming know-how firm centered on the event and distribution of hyper-casual video games, utility, and NFTs by easy play-to-earn (P2E) fashions.
Adaverse was launched in September 2021 as a three way partnership partnership between EMURGO Africa and Everest Ventures, to determine and supply helpful assist assets to promising African founders constructing the subsequent wave of Web3 dApps in DeFi, NFTs, gaming, metaverse, and extra on Cardano’s environmentally-sustainable blockchain. EMURGO Africa is without doubt one of the funding arms of EMURGO, a founding entity of the Cardano blockchain.
What is Diagon Studios?
Diagon Studios is a Nigerian blockchain GameFi platform centered on deploying P2E hyper-casual video games on the blockchain to assist break obstacles in the Web3 gaming trade. Founded by Jeremiah Onojah, a seasoned engineer with years of expertise constructing options in the Web2 and Web3 areas, Diagon Studios bridges the hole between work and play by introducing the distinctive worth of blockchain and digital belongings with a multifunctional dApp (decentralized utility). Diagon intends to scale its platform and concern digital tokens on the Cardano blockchain, one of many largest blockchain networks by market capitalization.
Diagon believes that video video games ought to stay extremely entertaining, much less advanced, and readily accessible whereas providing lifelike incomes prospects for everybody with a cell phone.
Presently, Diagon Studios is rebranding its mannequin with the deployment of some extra options to convey customers an entire blockchain expertise. Having launched the primary model of the product which scaled up to 3,000 lively customers, the product is trying to function a mainstream assortment of informal video games, making a platform the place players can play informal video games in all their glory. One of the important thing choices at Diagon Studios would be the instantaneous reward system by the Diagon Tokens (DGN), redeemable at each milestone accomplished and made accessible to all customers, together with novice players and consultants.
Additional options to be deployed throughout the Diagon ecosystem will embrace Diagon Shop-and-Refill, a crypto-powered platform that can assist the commerce of present playing cards, buy of information subscriptions, and gaming belongings. Crypto funds for on-line programs, E-books, devices, and many others, may even be supported. The rebranding course of may even characteristic the deployment of Diagon Ads Vista, a platform the place customers can be in a position to subscribe to adverts of their selecting. As the mannequin scales, an NFT Marketplace the place everybody can personal a chunk of the metaverse as each creators and collectors of digital collectibles may even be created.
Why Diagon Studios?
The GameFi trade is without doubt one of the quickest rising sectors in blockchain and Web3 that’s garnering lots of competitors and pushing the crypto market quantity. However, globally-popular P2E video games have gotten fairly costly and sophisticated to play for mid-level players and newbies. By introducing quite a lot of informal video games with an easy-to-use interface, Diagon Studios critically lowers the entry barrier into Web3 for everybody throughout the globe.
In distinction to the normal online game market with dwindling income, predicted to plunge additional in the next years, blockchain P2E video games have made big leaps in the previous few years, recording vital development of over 2000% in 2021. The revolutionary growth of cryptocurrency enabled a novel P2E in-game economic system the place gamers can extract worth from their entire gaming expertise, and convert it into a major supply of earnings. With this trajectory, the blockchain gaming market is projected to rise from an estimated $1.5 billion in 2021 to a staggering $50 billion by 2025, boosting worldwide gaming income and creating new monetary alternatives for extra individuals to entry the Web3 economic system.
Shogo Ishida, co-CEO at EMURGO Africa, mentioned, “Focused on hyper-casual gaming that takes out complexity from the gameplay, Diagon Studios is one of the game publishers that stands on the cusp of opening the African space to the realities of play-to-earn and we are glad to be offering the startup a launchpad and the opportunity to build on Cardano”.
Jeremiah Onojah (Founder and CEO)
Commenting on the partnership with Adaverse, Diagon Studios Founder and CEO, Jeremiah Onojah said that “The Cardano blockchain will offer a better approach to securing transactions for the Diagon project with its eco-friendly platform and large global community. Diagon intends to issue tokens on the Cardano blockchain in the future development stage. With the support of EMURGO Africa and Adaverse, we will be able to do more with the Cardano blockchain. The Diagon studios team will work intensely with Adaverse to be in the best possible shape, hitting the perfect market fit and scaling her products”.
Beyond play-to-earn (P2E) video games, the Diagon platform will join a digital neighborhood of worldwide informal players to develop their abilities, community, and entry extra alternatives in Web3 by partnership packages, particularly for DGN token holders who may even have staking and governance rights in the platform.
“This startup is all about demystifying 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. Diagon will be one of the pillars of Africa’s digital future and Adaverse is glad to support this project”, mentioned Vincent Li, founding accomplice at Adaverse.
Adaverse is a catalyst for the Cardano ecosystem in Africa, devoted to investing, mentoring, and offering standardised tech assist for organically grown startups constructing the subsequent wave of Web3 decentralized functions, together with NFTs, DeFi, and others on Cardano’s third-generation blockchain.
Since its launch in 2021, by a three way partnership partnership between EMURGO Africa and Everest Ventures, Adaverse has concluded strategic investments in over fifteen (15) crypto-native startups and goals to assist extra promising game-changing options in the African ecosystem. Through periodic bodily meetups and the 3-months intensive accelerator program for startup founders, Adaverse goals to be a launchpad for the Cardano-focused tasks arising throughout Africa, and the Middle East to usher in the quickly rising digitally reliant world economic system.
Adaverse is open to functions from founders all 12 months spherical. Apply for funding right here.
To begin incomes from easy-to-play video games, go to the Diagon Studios web site.