Cassava Network raises $8M in a seed round. There were more than 40 passionate and committed investors, all of whom share its vision for an Africa empowered by blockchain.
Cassava is excited to work closely with its investors and others to achieve its core mission of promoting widespread blockchain adoption throughout Africa.
Partners and Cassava’s mission
Moreover, Cassava is a blockchain infrastructure ecosystem. Featuring Web3 identification systems. A user-controlled data profiles, rewards networks, and an easy-to-use, as well as all-in-one crypto and NFT wallet. This ambitious product offering would be nothing without its network of partners, investors, and users.
(photo courtesy of Cassava Network)
In addition, Cassava rewards distributed through partner apps, are its primary avenue for user acquisition. The rewards themselves, are distributed as $CSV. It can be used throughout that very same network of partners. Furthermore, the more partners and the stronger their offerings, the more utility the $CSV token gains. With more utility comes more users, which ultimately results in a stronger ecosystem overall.
So far, Cassava Network is excited to forge many, many more. Thanks to its backers. They also have links to some of the most popular apps and services in Web2 and Web3.
With its private rounds closed, Cassava Network now turns to product development and NFT launches. It will continue announcing exciting partnerships for its community. As its partnership network grows, so does the strength of what they’re offering at Cassava, every new partner is a new opportunity for its users.
INNOVATIVE PARTNERS OF CASSAVA NETWORK
- Bella Protocol — is a suite of open finance products including automated yield farming tools, lending protocol, 1-click savings account, as well as customized robo-advisor, and more. They believe everyone deserves equal access to premium financial products and services with elegant design and a smooth user experience.
- YBB Foundation — a venture fund dedicating itself to identifying Web3-defining projects with a vision to create a better online habitat for all internet residents.
- Continue Capital — focuses on investing in global blockchain technology, early-stage technology startups, and providing Quant-Trading service.
- Spark Digital Capital — a research-focused crypto fund that invests in the future of blockchain and tech.
- Crema Finance — a powerful liquidity protocol built on Solana that provides superior performance for both traders and liquidity providers.
The projects listed above are only a few partners that Cassava Network works with.
Cassava Network is an innovative blockchain infrastructure ecosystem designed from the ground up to meet the unique challenges faced by Africans and those looking to connect with Africa. It aims to be the steppingstone connecting billions of Web2 users to the blockchain-enabled Web3.
In addition to rewards, Cassava’s range of products includes:
- A multi-chain wallet — Cassava is built for compatibility. Users can store $CSV and other tokens from most major blockchains, as well as give them quick access to all their crypto holdings on the go.
- NFT marketplace — Cassava makes it easy to store and send NFT assets from a single app. Moreover, Cassava’s NFT integrations also make accessing features like loot boxes, random drops, and other NFT incentives simple.
- Digital Identity (DID) services —A Cassava ID represents a digital identity in the Web3 world. In addition, it consists of digital participation credentials formed by users from on-chain and internet applications, forming a unique user profile. Therefore, the Cassava ID is like a Web3 Facebook profile for each user, a digital credential that validates the unique experience of the individual behind each on-chain address.
- Decentralized Finance (DeFi) access
By offering users a way to earn crypto rewards through the apps they’re already using, then by providing users with simple, intuitive ways to connect with blockchain dApps and services, they’re aiming to accelerate Web3 adoption both in Africa and around the world.
ABOUT Cassava Network
Cassava is the blockchain infrastructure network. It connects the value chain of content creation and consumption through incentive consensus that benefits content creators and consumers.