Latest news with #HashedEmergent
Business Standard
21-05-2025
- Business
- Business Standard
Hashed Emergent and Aptos Foundation Join Forces to Boost Web3 Innovation in India
BusinessWire India Bangalore (Karnataka) [India], May 21: Aptos Foundation, dedicated to supporting the development and ecosystem of the high-performance Aptos blockchain, and Hashed Emergent, a Web3 venture capital firm, have announced today a strategic partnership that aims to catalyze the growth of India's dynamic Web3 ecosystem, especially across the sectors of consumer apps, DeFi, gaming, and Web3 infrastructure. Building on their existing collaboration, the two organizations will continue to introduce initiatives, starting with the newly launched Aptos Accelerator - India program, and support founders to build and scale their projects. The partnership highlights Aptos Foundation's on-going commitment to advancing Web3 adoption in India by providing local founders with resources, infrastructure, and access to the global ecosystem. "India's Web3 community stands among the world's most vibrant and fastest-growing ecosystems, representing an exceptional talent pool that extends beyond crypto into the broader tech landscape," said Ash Pampati, Head of Ecosystem at Aptos Foundation. "This partnership with Hashed Emergent represents a significant milestone in our mission to foster Web3 innovation and grow the Aptos ecosystem in India. By combining Aptos' ecosystem-agnostic infrastructure with Hashed Emergent's proven track record in identifying promising projects, we're creating a powerful launchpad for the brightest minds in India to build scalable, user-centric Web3 solutions." "At Hashed Emergent, we have always believed that India will lead the next wave of Web3 innovation," said Tak Lee, CEO and Managing Partner of Hashed Emergent. "What excites us most about collaborating with Aptos Foundation is their builder-first mindset and their deep, enduring commitment to India. Together, we offer founders real capital, strategic mentorship, and seamless integration into a global ecosystem, providing a faster, stronger path to scale." The Aptos Accelerator - India program will be the first flagship initiative under this strategic partnership, marking a significant advancement in the broader mission to build long-term infrastructure, networks, and opportunities for Aptos-native projects and the wider Indian Web3 ecosystem. Through this program, founders will have the opportunity to pitch their products in auditions held in major Indian cities. Selected projects will benefit from mentorship, funding, access to subject matter experts, workshops and additional support to accelerate their growth. Key dates of the Aptos Accelerator - India program are as follows: * Registration Opens: May 21, 2025 * Auditions for Selected Teams: Starting from June 7, 2025 * Formal Launch of the Accelerator Program: July 7, 2025 * Demo Day (featuring the inaugural cohort's projects): August 2, 2025 For more details and latest updates, please visit This deepening engagement builds upon the existing initiatives of Aptos Foundation and Hashed Emergent, which include co-hosted developer workshops, ecosystem events, and the Aptos Foundation's title sponsorship of India Blockchain Week (IBW) Conference, India's premier platform for Web3 collaboration. Since its inception in 2022, Hashed Emergent has invested over $20 million across 30+ portfolio companies, demonstrating a proven track record in identifying and scaling promising Web3 projects. Strategic partnership with Aptos Foundation further amplifies this momentum, showcasing a shared commitment to fostering innovation, building resilient ecosystems, and driving meaningful blockchain adoption across India and beyond.
Business Upturn
21-05-2025
- Business
- Business Upturn
Hashed Emergent and Aptos Foundation Join Forces to Boost Web3 Innovation in India
About Aptos Network Aptos is a next-generation Layer 1 blockchain. Aptos' breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Please visit for more information on the Aptos blockchain. About Aptos Foundation Aptos Foundation is dedicated to supporting the development and ecosystem of the Aptos protocol. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. For more information about Aptos Foundation and its initiatives, users can visit: About Hashed Emergent Hashed Emergent is the venture capital arm of Hashed, backing builders from India and emerging markets shaping the on-chain frontier. It invests at the earliest stages of a web3 startup's journey, using its expertise, experience, and network to amplify their growth and success. The team is rooted in the cultural hubspots of web3 in emerging markets, spanning across Bangalore, Seoul, Singapore, Lagos and Dubai. Hashed Emergent drives web3 focused ecosystem and community expansion in these markets through its purpose-built initiatives, including hosting the India Blockchain Week Conference. For more information, visit: Click here for Media Contact Details Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.
Business Insider
22-04-2025
- Business
- Business Insider
Nigeria emerges as Africa's Web3 talent hub with 4% of global new developers
Nigeria is rapidly establishing itself as Africa's leading Web3 hub, according to the Nigeria Web3 Landscape Report 2024. The landmark report released by venture capital firm Hashed Emergent offers a comprehensive overview of Nigeria's blockchain ecosystem, detailing the progress of over 80 startups that have collectively raised more than $130 million to date—including $20 million in 2024 alone. The report highlights a shift in funding activity, with early-stage deals and ecosystem grants playing a major role. Infrastructure startups attracted $11 million, while financial platforms—especially those leveraging stablecoins—received $7 million. Although investment in entertainment and gaming sectors dipped sharply, builder interest remains active in areas like SocialFi and NFTs. One of the report's key insights is Nigeria's surging developer community. Nigeria's rising crypto market Nigeria's crypto market is showing rapid growth, surpassing other African nations. According to a September 2023 report by blockchain research firm Chainalysis, the country's transaction volume increased by 9% year-over-year, reaching $56.7 billion between July 2022 and June 2023. This growth significantly outpaces that of major African markets such as South Africa, Kenya, Mauritius, Ghana, and Tanzania. In 2024, the country recorded a 28% year-on-year increase in developers, accounting for 4% of all new Web3 developers globally—the highest from any African nation. Notably, 86% of these developers are under 27 years old, with most entering through grassroots initiatives like Web3bridge, Web3Ladies, and SuperteamNG. Crypto adoption in Nigeria continues to evolve beyond trading and while regulatory uncertainty remains, the report notes progress. The Central Bank of Nigeria reversed its ban on crypto-related accounts in December 2023, and the Securities and Exchange Commission launched the Accelerated Regulatory Incubation Program (ARIP) to onboard new digital asset firms. Stablecoins now dominate usage, with the USDT/NGN pair becoming the most traded on centralized exchanges.
