Lingham, who has founded companies like Gyft and Civic and is an angel investor in a number of South African startups, is a bitcoin evangelist, has invested R500,000 in the startup.
However, in a twist, he said the developers of Augmentors were trying to solve a problem around “creating rarity”, and that this would be solved using blockchain technology.
Lingham thus made the investment in bitcoin – approximately 59 of them – in return for a 20 percent stake in the company.
“I love gaining, AR and the team, and I think using the blockchain to create transferrable and unique in-game assets is really the future of gaming,” he told Disrupt Africa after the event.
Disrupt Africa is a one-stop-shop for all news, information and commentary pertaining to the continent’s tech startup – and investment – ecosystem. With journalists roaming the continent to find, meet, and interview the most innovative and disruptive tech startups, Disrupt Africa is a true showcase of Africa’s most promising businesses and business ideas.
Our readers can keep up-to-date with the quirky world of tech hubs and accelerator programmes; and our reporters provide live coverage of the all-important tech and entrepreneurship events across Africa.
For our startup, entrepreneur, and investor friends alike, our mission is to provide practical information and advice from across Africa’s varied vibrant markets, and to promote engaged and thought-provoking discussion about the exciting ecosystem we belong to.
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