Cardano Founder EMURGO Invests in Goodwall’s Network for African Youth

African youth is projected to make up 42% of global youth by 2030.

A group of talented youths working on their mobiles
  • EMURGO is partnering with Goodwall to empower the African Gen Z community.
  • The partnership will unlock blockchain features for educational opportunities.
  • African youth is projected to make up 42% of global youth by 2030.

EMURGO is the official commercial arm and a founding member of the Cardano blockchain.

On February 27th, 2023, EMURGO and its regional entity EMURGO Middle East & Africa (EMURGO MEA) announced a strategic partnership and investment with Goodwall, a skills-based social network for young talent.

Sponsored

The EMURGO press release has stated that the partnership is supporting Goodwall’s core mission of leveling the playing field for the global youth by connecting talented youth to “learning and earning” opportunities.

Goodwall’s crossover into Web 3.0 services will be facilitated by EMURGO’s investment and Cardano’s “environmentally-friendly blockchain.”

The co-founder and COO of Goodwall, Omar Bawa, has commented that the partnership is poised to guide the social network in banking the unbanked via joint initiatives.

Social Good Facilitated by Blockchain Tech

Emphasizing the need for this initiative is the World Economic Forum’s (WEF) projections that young Africans are expected to constitute 42% of global youth by 2030.

Sponsored

This estimate has raised concerns about equipping African youth for an “increasingly evolving knowledge economy” to empower the growing youth population with the right opportunities and education.

According to EMURGO, the blockchain features will propel Goodwall’s “sustainable growth” into a Web 3.0 service in the pursuit of empowering the African “Gen Z.”

Empowering African Youth

The initiative is set to focus on creating awareness through joint education initiatives and providing curated Web 3.0 skills programs. The programs will connect Goodwall’s global talent pool to micro-financial services, micropayments for work opportunities, Peer to Peer (P2P) transactions, scholarships, and more via Goodwall’s in-app Web 3.0 wallet. 

Additionally, the partnership is set to enhance transparency and accountability for users through on-chain skills certifications and non-fungible token (NFT) skill badges. 

The badges will implement decentralized identifiers to strengthen trust and authenticity and for future on-chain voting initiatives, bridging Goodwall’s talented community and the global Cardano community to exchange ideas, information, and resources.

Goodwall supports more than two million talented youths across more than 150 countries. The skills-based social network is already in partnership with UNICEF, Randstad, and SAP to align and propel its ecosystem.

On the Flipside

  • Although the Cardano blockchain is deemed a more “sustainable” alternative, EMURGO and Goodwall have not disclosed how they plan to bootstrap the resource-heavy use of blockchain technology in the resource-scarce African landscape.

Why You Should Care

EMURGO is providing socially impactful solutions to complex problems by leveraging its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients.

The Cardano community aims to foster positive global change; read more about its initiatives for global good:

Cardano (ADA) Blockchain to Host eTukTuk Sustainable Transport Initiative

World’s first Cardano (ADA)-Based Electric Vehicle to Debut Soon, Polkadot (DOT) Investors Still in a State of Frenzy Despite Recent Price Highs, Snowfall Protocol (SNW) to launch at $0.22

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Monique Brelage

Monique Brelage is a South African cryptocurrency news reporter at DailyCoin focused on the Cardano (ADA) and Solana (SOL) ecosystems. She aims to convert complex topics into digestible and engaging news pieces for readers of all knowledge levels.   Before her journey with DailyCoin, Monique has immersed herself in the realm of NFTs and Web 3.0 since 2019. Her experience in multiple industries enables her to conduct critical analyses and convert it into her writing. She acknowledges the profound impact decentralization, Web 3.0 technology, and everything beyond will have on the future.   Monique completed a Bachelor of Communication from NWU in 2020. Her background in media studies, creative writing, and philosophy helped shape her method of news curation, thereby ensuring a broader perspective to help readers remain critical of what they see. Monique's articulation, writing quality, and work ethic are professional qualities she takes pride in.   Monique lives on a farm in South Africa with her partner and cat. She works on her NFT and tattoo art in her free time, and enjoys the natural world around her. She likes reading material that broadens her perspective, indie music, and video games to blow off some steam.