In a strategic move aimed at accelerating the growth of the AirDAO ecosystem, DWF Labs has announced a significant investment of $7.5 million. This substantial investment marks a continuation and expansion of the partnership between the two entities, following DWF Labs’ initial investment of $2 million in September 2022. Under the terms of this latest deal, DWF Labs will receive a loan of 1.5 billion AMB with a one-year cliff and a 36-month vesting schedule.
DWF Labs, renowned as a global digital asset market maker and a multi-stage Web3 investment firm, is a major player in the high-frequency cryptocurrency trading domain. The company actively engages in trading across spot and derivatives markets on more than 60 top exchanges worldwide. This infusion of capital from DWF Labs will serve as a catalyst for the development of the AirDAO governance roadmap, commencing immediately.
The funds will enable AirDAO to seamlessly integrate this governance roadmap with its existing product strategy. Furthermore, the investment opens doors for potential expansion into regions like Southeast Asia and Africa, where the AirDAO ecosystem can extend its reach. In line with this expansion, AirDAO intends to assemble a team of specialists to bolster its builder proposition, thereby attracting talent to its flourishing ecosystem.
Paving the Way for Web3 Innovation
Recognizing the importance of a robust social media presence, the AirDAO Council plans to allocate a significant portion of the investment towards bolstering its global brand visibility. This financial backing provides AirDAO with a secure runway for future growth, ensuring that it can continue to welcome new generations of users to its ecosystem.
Andrei Grachev, Managing Partner of DWF Labs, expressed his enthusiasm for this collaborative endeavor, stating, “Our partnership with AirDAO started in September 2022 when we invested $2 million. Since then we’ve been building a stronger relationship, with clear communications about their goals and roadmap. At DWF Labs, we want to support strong companies, and AirDAO has proven to us throughout this year that they have battle-tested technology, strong decentralized governance, and an experienced team..”
Grachev added, “Besides following up our previous investment with a large check size, we will provide all the support needed for their ambitious roadmap with the resources from DWF Labs, DWF Ventures, and DWF Ecosystems, such as connections to different key players from the industry, support with their go-to-market strategy and investing into dApps building on their chain.”
Furthermore, DWF Labs intends to leverage its vast network to expand AirDAO’s presence in specific regions, with a special focus on Turkey. The two organizations will collaborate to host a networking event on the sidelines of the Binance Blockchain Week in November 2023. Additionally, AirDAO will receive support from DWF Ecosystems, enabling it to explore collaboration and development opportunities within DWF Labs’ portfolio companies.
As a testament to their shared commitment to fostering growth within the blockchain and Web3 space, AirDAO and DWF Labs have jointly established a $1 million ecosystem investment fund. This fund aims to incentivize projects to launch on the AirDAO platform, offering opportunities for developers and innovators to contribute to the growth and evolution of the ecosystem.
AirDAO stands as a community-owned layer one blockchain and Web3 ecosystem that is redefining governance. The platform simplifies the complexities of Web3 and makes its benefits accessible to the average user through an intuitive and user-friendly dashboard. The partnership between AirDAO and DWF Labs is poised to bring about transformative developments in the blockchain and Web3 space, driving innovation and growth while fostering the adoption of decentralized technologies across the globe.
