Grintafy supported by Adaverse to use blockchain technology for football talent scouting

The top ecosystem accelerator and seed fund, Adaverse, today revealed its strategic investment in Grintafy, the top sports technology company in the Middle East. This collaboration represents a major milestone in Grintafy’s shift from Web2 to Web3, utilizing blockchain technology to transform football talent acquisition.

With over 2 million users throughout its ecosystem, Grintafy, which was founded in 2019, has quickly expanded to become the preferred platform for amateur football players. The business has forged alliances with federations, ministries, and domestic and foreign clubs thanks to its creative approach to developing digital resumes for athletes.

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.”

Grintafy’s Web3 transition is expected to be accelerated by the investment. Adaverse will be a vital resource for product development, especially when it comes to improving user experience and incorporating Web3 native features. The collaboration will also help with future fundraising initiatives and connect people with international resources, such as media networks and football teams.

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.”

Chiliz, a significant blockchain sports entertainment company, previously supported Grintafy, and this investment strengthens the company’s position at the nexus of technology and sports. By utilizing these collaborations, the business hopes to broaden its global reach and launch cutting-edge features that will revolutionize football talent acquisition.

Adaverse, the first Web3 VC fund and accelerator in Saudi Arabia, is still essential to the development of the upcoming Web3 startups. Leading the Web3 revolution in the region with a portfolio of 60 investments in 13 countries, including 20 accelerated startups, is Adaverse.