Binance Labs has announced that Yele Bademosi joined them as a director. "We are thrilled to welcome Yele Bademosi to the Binance Labs team," the company wrote in a blog.
Based in Lagos, Nigeria, Yele will focus on developing the blockchain ecosystem in Africa on behalf of Binance Labs. Additionally, he will be charged with sourcing blockchain projects and leading the Lagos chapter of Binance Labs' Incubation Program, a 10-week incubator - beginning in March - designed to help entrepreneurs deliver products with clear product-market fit.
His role, according to Binance Labs, will focus on two key areas; create trustless governance, economic & financial systems for Africa as well as enable capital formation and efficient capital markets.
“On a high level, my mandate is to leverage blockchain to accelerate Africa’s transition to a sustainable and developed economy. I believe very firmly that blockchain adoption will come from frontier markets that will leapfrog the existing financial systems as well as governance and economic," Yele.
He is the founder and managing partner of Nigeria-focused micro-VC fund, Microtraction. Last year, Microtraction backed several startups including blockchain-powered BuyCoins and Cowrywise - both of which were admitted into Y Combinator the same year. (The two startups are among our top 50 to watch in 2019).
As an investor with Microtraction, Yele backed several startups including blockchain-powered BuyCoins and Cowrywise both of which were admitted into Y Combinator last year. (The two startups are among our top 50 to watch in 2019).
Binance Labs is an initiative to incubate, invest and empower top blockchain and cryptocurrency entrepreneurs, projects, and communities, powered by Binance.