EMURGO Africa, which serves as the investment and commercial division of Cardano in Africa, has announced the establishment of EMURGO Labs, an entity specifically developed to foster the growth of emerging Web3 technologies.
Operating in both Africa and the MENA region, EMURGO Africa leverages blockchain technology to confront local issues, with the aim of empowering individuals and businesses across various sectors within the continent.
The newly launched EMURGO Labs aims to bolster the growth of both established and emerging Web2 and Web3 organisations. Its key focus is to drive the digital transformation across different countries using the Cardano blockchain. This move marks a significant advancement in the mission of fully exploiting the transformative potential of the blockchain technology in the Middle East, Africa, and GCC, according to Ahmed Amer, CEO of EMURGO Labs.
EMURGO Labs is anticipated to become a top destination for Web3 ventures seeking to thrive in the dynamic regional landscape. With comprehensive support services, strategic alliances, and unmatched industry expertise, the company is dedicated to facilitating the thriving of Web3 ventures in this region.
EMURGO Labs will offer a wide array of services which are tailored to meet the changing needs of the digital era. These services will enable organizations to smoothly transition from Web2 to Web3, alongside enhancing and extending the capabilities of Web3 entities that are already established.
