Hashgraph Ventures just threw a cool million bucks at African blockchain projects to fuel innovation. This Abu Dhabi-regulated fund pledged the cash to the Hedera Africa Hackathon, promising to scout the best entries for potential follow-up deals. They teamed up with Swiss non-profit The Hashgraph Association and the Exponential Science Foundation to drive this digital transformation effort.
United Gulf Financial Services tossed in more capital, pushing the total equity commitment toward two million dollars. That sits on top of a separate one-million-dollar prize pool funded by the non-profit partners. Hashgraph Ventures insists that operating under Abu Dhabi Global Market rules guarantees transparency while they deploy institutional money into the ecosystem.
The event itself finished recently after spanning twenty different cities. It pulled in thirteen thousand developers who flooded the judges with thirteen hundred submissions. Participants hacked together solutions for finance, healthcare, and agriculture while experimenting with robotics, quantum computing, and artificial intelligence.
Organizers labeled it the biggest decentralized innovation drive on the continent. Major corporate backers like Orange Middle East & Africa and Sygnum Bank supported the operation while DAR Blockchain handled the ground game. The initiative highlights how African developers are increasingly driving the conversation around Web3 and deep tech adoption.
United Gulf Financial Services tossed in more capital, pushing the total equity commitment toward two million dollars. That sits on top of a separate one-million-dollar prize pool funded by the non-profit partners. Hashgraph Ventures insists that operating under Abu Dhabi Global Market rules guarantees transparency while they deploy institutional money into the ecosystem.
The event itself finished recently after spanning twenty different cities. It pulled in thirteen thousand developers who flooded the judges with thirteen hundred submissions. Participants hacked together solutions for finance, healthcare, and agriculture while experimenting with robotics, quantum computing, and artificial intelligence.
Organizers labeled it the biggest decentralized innovation drive on the continent. Major corporate backers like Orange Middle East & Africa and Sygnum Bank supported the operation while DAR Blockchain handled the ground game. The initiative highlights how African developers are increasingly driving the conversation around Web3 and deep tech adoption.
