Adaverse Partners with Grintafy to Revolutionize Football Talent Discovery with Blockchain

Adaverse, a leading Ecosystem Accelerator and Seed Fund, has revealed a significant strategic investment in Grintafy, the foremost sports tech company in the Middle East. This collaboration signals a major leap in Grintafy's transition from Web2 to Web3, utilizing blockchain technology to revolutionize football talent discovery.

Grintafy’s Growth and Influence in Sports Tech

Founded in 2019, Grintafy has swiftly become the premier platform for amateur football players, amassing over 2 million users within its ecosystem. The company’s innovative method of creating digital CVs for footballers has led to key partnerships with football federations, government ministries, and both local and international clubs.

Vincent Li, Managing Founder of Adaverse, expressed enthusiasm about the investment: “Grintafy's vision aligns perfectly with our mission to support transformative Web3 projects. Their established presence in the sports tech industry, combined with their forward-thinking approach to blockchain integration, presents an exciting opportunity for growth and innovation in the Web3 space.”

Adaverse’s Role in Advancing Grintafy's Web3 Shift

Adaverse’s investment is set to play a pivotal role in accelerating Grintafy’s Web3 transition. The fund will focus on supporting product development, specifically by integrating Web3 features and enhancing the overall user experience. Additionally, this partnership will open doors to valuable global networks, including football clubs and media outlets, and assist Grintafy in its future fundraising initiatives.

Majdi K. Allulu, founder of Grintafy, commented on the partnership: “Adaverse's investment and expertise in the Web3 ecosystem will be instrumental in our evolution. We're excited to explore how blockchain technology can enhance our platform, providing even more value to our users and partners in the football industry.”

Solidifying Grintafy's Position with Strategic Backing

This investment follows Grintafy's previous partnership with Chiliz, a leading blockchain sports entertainment company. Together, these alliances position Grintafy as a key player at the crossroads of sports and blockchain technology. The company aims to leverage these collaborations to grow its global presence and introduce cutting-edge features that will redefine football talent identification.

As the first Web3 VC fund and accelerator in Saudi Arabia, Adaverse continues to support the growth of Web3 startups in the region. With an extensive portfolio of 60 investments across 13 countries, including 20 accelerated startups, Adaverse is at the forefront of driving the Web3 revolution in the Middle East and beyond.