AirDAO, the decentralised autonomous organization managing the Layer 1 network Ambrosius, has received a $500,000 grant from DWF Labs to support its ecosystem development. The crypto venture funding will help AirDAO further expand and enhance the Ambrosius network, which aims to provide a decentralised platform for various applications and services.
We are happy to provide a grant of $500,000 to the @airdao_io Ecosystem Treasury to support ecosystem development and their growth as a layer one blockchain 🔥
— DWF Labs (@DWFLabs) January 24, 2024
The funds will be used to launch dApps to increase the utility of the ecosystem and create mobile-first DeFi protocols… https://t.co/0X3efDH9PU
AirDAO is the Layer 1 (L1) blockchain network, designed to offer high scalability, security, and efficiency, making it an attractive option for developers and users alike. The backing from DWF Labs will also empower the AirDAO ecosystem to grow, launch new dapps, and develop mobile-first DeFi protocols that enhance user access to decentralised finance.
Strengthening Business Ties with AirDAO
Our longstanding relationship with AirDAO has been built on a shared vision of supporting this L1 blockchain innovation and expanding the reach of DeFi. The first deal between two parties took place in 2022, when AirDAO secured a $2 million investment deal with DWF Labs. Moving forward to 2023, DWF Labs expanded its backing of the project with a bigger $7.5 million funding. In the end of 2023, together we hosted the crypto event called Social Night in Istanbul, Türkiye. With this new grant, we are entrusting the AirDAO Council with direct crypto investment decisions to accelerate ecosystem expansion.
Fueling the Next Stage of AirDAO’s Growth
The grant from DWF Labs will enable AirDAO to develop and launch new dapps that increase ecosystem utility, expand mobile-first DeFi solutions to improve user access and investment opportunities, and strenghten the broader AirDAO ecosystem. As AirDAO continues to evolve, we remain committed to supporting their growth through strategic collaboration and long-term ecosystem support.
About AirDAO
AirDAO is a community-governed L1 blockchain and Web3 ecosystem powered by the AMB token. Their products enable financial equality and social inclusion, and the project is committed to making Web3 more democratised and accessible to all.
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