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Last updated on May 5th, 2021 at 08:27 am

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Farmchain Nigeria is the only Nigeria Blockchain Project Selected For The Aeternity Starfleet Seed Funding.

Among the 100 applications received by Starfleet from blockchain startups willing to get a seed fund to kick start its business. Only 15 applicants were chosen out of the 100 that applied.

Farmchain, an Nigerian project reinforcing the solid African presence in Starfleet was selected. The fifteen blockchain startups that qualified, were received into the Genesis Week at Microsoft Innovation Center Malta.

Qualified startups will undergo intense mentoring in some specific areas starting from 4th until 10th November 2019. 

The areas include; Blockchain Business Model Canvas, Customer Development, Product Development, Raising Investment, Financing and Budgeting, Features of dApps and æternity Platform and Ecosystem, Coding Smart Contracts in Sophia etc.

The final selection will be on the Demo Day. Winners will be offered up to $100 000 USD in AE tokens and additional 6 months of mentorship and acceleration. 

Farmchain is building a blockchain B2B and B2C food and farm production traceability dApp, as well as a management solution. Farmchain already has 30 tokenized farms in Nigeria.

AE Ventures is an investment company providing initial funding, acceleration and support to blockchain projects. It also runs æternity Starfleet , a full-service global acceleration program for seed stage startups utilizing blockchain.

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By Tony Chimdiuto

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