Adaverse backs Ghana Web3 startup Mazzuma to unveil AI-based smart contract generator

​Fintech is currently one of Africa's most active industries. Today, a large portion of payments and transactions on the continent are managed by fintech firms.

In fact, more than 600 million active mobile money accounts on the continent serve as a good example of this. With the advancement of Web3, new blockchain-based technologies are now emerging.

Mazzuma, a Ghanaian startup is one of the leading startups using Web3 as a new solution for blockchain technology. Amazingly, the startup has now secured an undisclosed significant amount of financing from Adaverse to implement the roll-out of its AI-powered smart contract creation platform – MazzumaGPT.

Adaverse is a Cardano Ecosystem Accelerator that aggregates entrepreneurs, strategists and mentors building its most robust foundation in Africa and Asia.

MazzumaGPT, an artificial intelligence-powered platform, assists developers in creating smart contract codes for Web3 decentralized applications. The platform accelerates the development and deployment of smart contracts by combining the strengths of AI with blockchain and allowing businesses to quickly explore new possibilities.

MazzumaGPT differs from other AI tools like ChatGPT, Github Copilot, and Bard, by being specifically tailored for Web3 code, making it more precise for use scenarios involving blockchain technology. It combines Plutus and Solidity, two Web3 programming languages, to enable developers to create smart contract code using natural language prompts easily.

Founded in 2017 by school friends Nii-Osae Osae-Dade and Kofi Genfi, Mazzuma began life as a payments app but has gradually moved into the Web3 world by way of cryptocurrencies and blockchain.