Quick Take
DWF Labs doubles down on its commitment to AirDAO with a $500K grant, signaling a shift to a more proactive partnership approach. The investment will fuel the development of dApps and mobile-first DeFi protocols, solidifying AirDAO’s growth as a prominent layer one blockchain ecosystem.
DWF Labs strengthens its partnership with AirDAO, providing a $500,000 grant for ecosystem growth
In a significant move signaling its growing commitment to AirDAO, DWF Labs, a global digital asset market maker and multi-stage web3 investment firm, announced a substantial grant of $500K to the AirDAO Ecosystem Treasury during their recent meeting at CRYPTO2030 in Davos, Switzerland. This grant comes as an additional testament to the partnership between the two entities, further solidifying DWF Labs’ belief in the potential of AirDAO’s rapidly developing ecosystem.
DWF Labs and AirDAO have a history of collaboration, with DWF Labs having previously invested $7.5 million in AirDAO in October 2023, following a $2 million investment in September 2022. The latest $500,000 grant reflects DWF Labs’ continued confidence in the AirDAO Council’s ability to make strategic investments to drive ecosystem growth and development.
One notable aspect of this grant is the shift from the prior-submit basis agreement to a more proactive approach. Previously, DWF Labs had committed to a joint $1 million ecosystem development fund, which required prior approval of investments. The new grant signals a significant step forward, as DWF Labs now entrusts the AirDAO Council with the discretion to make investment decisions independently.
The allocation of these funds will be directed towards the development and launch of decentralized applications (dApps) aimed at enhancing the AirDAO ecosystem’s utility. Additionally, the grant will support the creation of mobile-first DeFi (Decentralized Finance) protocols, intended to provide AirDAO users with improved access to decentralized financial tools and expanded investment opportunities.
As the partnership between AirDAO and DWF Labs deepens, it becomes increasingly evident that DWF Labs is delivering on its commitments beyond the realm of investment and market-making. The partnership with DWF Labs has proven to be pivotal for AirDAO’s growth, as it not only brings substantial financial backing but also leverages DWF Labs’ expertise as one of the world’s largest high-frequency cryptocurrency trading entities, actively trading on over 60 top exchanges.
The strategic nature of the partnership has been further underscored by the terms of the October 2023 investment, which included a one-year cliff and a 36-month vesting schedule. In connection with this investment, DWF Labs received a loan of 1.5 billion AMB (AirDAO’s native token), which will be vested over the course of three years.
With the financial boost provided by DWF Labs, AirDAO is well-positioned to expand its ecosystem, launch innovative dApps, and strengthen its position as a layer one blockchain. As the crypto industry continues to evolve, collaborations like this one exemplify the deepening commitment of traditional financial institutions to the burgeoning world of blockchain and cryptocurrencies.
This latest development reaffirms the bullish sentiment surrounding AirDAO, as it capitalizes on the increasing support of key players within the crypto industry, charting a promising path forward for its ecosystem’s growth and development.
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