PRESS RELEASE
Riyadh, Saudi Arabia, August 26, 2024
Adaverse, the first Saudi venture capital fund and Web3 accelerator leading innovation across Asia, the Middle East, and Africa, has announced a strategic investment in Oumla, Saudi Arabia's startup simplifying the development of blockchain applications. This investment underscores Adaverse's commitment to supporting cutting-edge blockchain infrastructure that enhances accessibility and streamlines development for innovative projects worldwide.
Since its launch in 2021, Adaverse has significantly influenced the Web3 industry by fostering the growth of numerous startups and driving technological advancements. With a strong presence in key regions across Africa, Asia, the Middle East, and the US, Adaverse has enabled the expansion of the Web3 ecosystem, contributing to a dynamic and interconnected global market.
Oumla, the journey
Oumla is revolutionizing blockchain technology by providing a secure and scalable infrastructure for builders. In an era where the Middle East is rapidly embracing innovation, Oumla's solutions address the critical need for robust blockchain platforms that empower companies to develop and deploy applications effortlessly. By simplifying the complexities of blockchain, Oumla is positioned to be a cornerstone of technological progress in the region. What really sets Oumla apart is the developer-friendly functionalities and high-level security for users.
Founded by visionary entrepreneur Mohammed Aljasser, Oumla is driven by a mission to democratize access to blockchain technology. With a deep understanding of the challenges faced by developers, Mohammed's vision is to create a seamless and efficient ecosystem that accelerates blockchain adoption and unlocks new opportunities for growth.
Quote from Mohammed Aljasser, CEO & Co-founder of Oumla:
“We're paving the way for governments and businesses to embrace blockchain technology. Our secure, scalable infrastructure enables efficient digital asset management, empowering our clients to confidently utilize blockchain's advantages with ease.”
Quote from Vincent Li, Founding Partner at Adaverse:
"We invested in Oumla because we see tremendous potential in their approach to simplifying blockchain infrastructure. Oumla's solutions align with our mission to support groundbreaking technologies that drive the Web3 ecosystem forward. We believe that Oumla will play a pivotal role in the continued growth of blockchain in the Middle East as they continue to grow and expand into new markets."
Oumla is revolutionizing the blockchain development landscape by providing an intuitive infrastructure that caters to both businesses and government entities. This platform offers a suite of APIs and SDKs, enabling developers to build applications on top of any blockchain, including Ethereum Virtual Machine (EVM)-based networks, without the need to master complex, low-level blockchain-specific protocols. Oumla's tools are designed to accelerate time to market, enhance development capabilities, and reduce security concerns, making it easier for developers to focus on innovation rather than the intricacies of blockchain technology. In a major leap forward, Oumla has recently launched a multichain platform, allowing developers to seamlessly integrate and operate across multiple blockchain infrastructures, further expanding the possibilities for innovative projects and solutions.
Looking ahead, Oumla aims to expand its footprint across the Middle East and beyond, continuing to simplify blockchain for developers and enterprises. With the support of Adaverse, Oumla is well-positioned to lead the next wave of blockchain innovation, driving economic growth and technological advancement in the region.
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