EMURGO Africa, the dedicated venture arm of EMURGO with a focus on Africa and the Middle East, and a foundational entity within the Cardano blockchain ecosystem, has strategically invested $250,000 in Changeblock.
This significant financial backing underscores EMURGO Africa’s unwavering dedication to championing and amplifying groundbreaking blockchain-driven solutions across the region.
“Changeblock, an innovative player in the realm of carbon market technology, is on a mission to reshape the landscape of carbon trading by harnessing the potential of blockchain,” EMURGO noted in a blog post.
EMURGO Africa’s infusion of capital reflects its commitment to fostering sustainable progress and ecological stewardship, while simultaneously propelling transformative shifts within the carbon market.
The Chief Executive Officer (CEO) of EMURGO Africa and Executive Director of EMURGO MEA, Ahmed M. Amer emphasized, “Our investment in ChangeBlock perfectly aligns with our pledge to nurture the advancement of technologies aimed at mitigating climate change. We’re dedicated to realizing impactful solutions on the third-generation, environmentally-conscious Cardano blockchain.”
Mr Amer went on to articulate, “Hand in hand with ChangeBlock, we aspire to rally regulators, business trailblazers, and global change agents, urging them to fortify and intensify their pursuit of a worldwide net-zero strategy that is both economically viable and capable of yielding returns.”
Billy Richards, CEO of Changeblock, expressed his vision, stating, “Our partnership’s common goal with EMURGO Africa revolves around transforming sustainable actions into invaluable, tradable assets tailored for Africa. By harnessing blockchain’s potential, we’re crafting an open and efficient market that not only incentivizes sustainable practices but also magnetizes investments with a climate-conscious focus.”
In forging this strategic partnership, EMURGO Africa envisions bolstering Changeblock’s innovative solutions and consolidating their standing within the sphere of carbon market technology.
This investment seamlessly dovetails with EMURGO Africa’s overarching vision, which centres on propelling blockchain adoption to propel economic prosperity and social advancement throughout Africa and the Middle East.
