Adaverse is a joint effort between EMURGO Africa and Everest Ventures Group. It is a venture capital firm that has invested in a property technology company called HouseAfrica.
HouseAfrica uses blockchain technology to make owning land easier for African people. Other well-known investors are also putting money into this funding round to help HouseAfrica grow and move into new markets.
With this funding, HouseAfrica can expand its operations and connect its solutions to Cardano. This third generation blockchain will make land registration and property ownership in Africa more secure and efficient.
Adaverse is committed to helping fintech companies build Web3 platforms to help emerging economies grow in a digitally relevant way. HouseAfrica is a unique way to solve the problems of owning African property.
Adaverse is dedicated to helping fintech companies build Web3 platforms to help developing economies grow in a digitally relevant way. HouseAfrica is an innovative solution to the problems of owning property in Africa.
The market for real estate in Africa is growing and changing rapidly. It is worth $15 trillion right now, and by 2028 it is projected to be worth $20 trillion. Although countries and areas grow differently, problems still need to be fixed, such as high transaction costs, limited access to finance and unclear land ownership.
These things have made it more difficult for people in the diaspora to invest in Africa’s real estate market. HouseAfrica aims to solve these problems using blockchain technology, and its new and creative features are intended to create a secure way of owning land.
Sytemap is the most essential offer from HouseAfrica. It is an ecosystem platform that uses blockchain and satellite maps to make land transactions more reliable and transparent. The tool makes the purchase and processing of land easier for buyers, lawyers, real estate companies and agents.
It also gives digital real estate agents the ability to protect their reputation and gives real estate companies a competitive edge, making the sales process 50% less stressful.
Nnamdi Uba, CEO and co-founder of HouseAfrica spoke about how blockchain can be used. He said middlemen, extortion, duplicate land titles, lack of trust, proof of ownership and privacy complicate many African real estate markets.
He also said that HouseAfrica uses Web3 and blockchain to ensure that data cannot be altered and to eliminate duplicate rights. Through its Sytemap tool, HouseAfrica can register the information on land owners and evidence of land allocation as NFTs, which have a unique identifier and cannot be changed.
HouseAfrica plans to use the money it just raised to improve its blockchain infrastructure. By the end of the fourth quarter, it wants to move to the Cardano platform fully.
With a focus on asset tokenization and NFT mining, integrating HouseAfrica’s innovative solutions with Cardano’s scalable and interoperable blockchain technology is expected to create a secure and efficient property registry system that anyone with an internet connection can easily use.
This strategic move shows that the company is committed to using cutting-edge technology to change how property is bought and sold in Africa and make land deals clear and reliable.
With a focus on asset tokenization and NFT mining, HouseAfrica’s solutions will give anyone with an internet connection access to a safe and efficient property registry system. HouseAfrica is dedicated to using cutting-edge technology to change how people buy and sell land in Africa and make the process clear and reliable.
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