MVL signed a strategic partnership with DWF Labs, a global digital asset market maker and Web3 investment company, to transform Southeast Asian mobility utilizing Web3 technology. This alliance enables a groundbreaking integration of Web3 technology into the Asian transportation industry. It focuses on TADA and ONiON’s large user bases as they migrate to the MVL Web3 ecosystem.
MVL Revolutionizes Car Loans in the Mobility Ecosystem
Over the past six years, MVL, a leader in Southeast Asian mobility’s Web3 transition, has steadily grown its user base. MVL’s partnership with DWF Labs shows its commitment to advancing transportation technology.
TADA, a popular ride-hailing app, powers MVL’s mobility ecosystem, using the Mobility Incentive protocol. TADA is popular in Southeast Asia and handles a lot of daily trips and money transfers. Being the second-largest operator in Singapore and expanding into Cambodia, Vietnam, and Thailand demonstrate the company’s success.
ONiON Mobility, a vital part of MVL’s ecosystem, manufactures and sells electric bikes and cars and expands its energy infrastructure in Southeast Asia. Due to MVL’s commercial success and promise, ShinHan Bank (Finance) and CTR Group (Mobility) have invested heavily in ONiON.
MVL’s Blockchain Protocol creates a circular economy framework that pays mobility ecosystem participants fairly with MVL Tokens. MVL’s real-world asset (RWA) project uses drivers’ experience and vehicle data to offer fair car loans. This innovative approach boosts the value of automotive assets in the ecosystem.
MVL’s Buy & Lock-Up token economy project intends to relate real mobility industry growth to MVL’s worth. This strategic move links mobility industry success to MVL Token value growth.
James, MVL CIO, Emphasizes Accelerated Development in Partnership with DWF Labs
DWF Labs shares MVL’s innovative mobility vision. The strategic partnership uses DWF Labs’ enormous resources and network to improve the MVL Token’s usability and smoothness in actual MVL mobility services.
James, MVL Foundation’s Chief Innovation Officer, stressed that the partnership with DWF Labs will accelerate the development of MVL’s new Web3 mobility ecosystem. The partnership prioritizes MVL Token use and establishes a structured link between physical mobility industry growth and the MVL ecosystem.
The strategic partnership between MVL and DWF Labs is expected to enhance the MVL ecosystem and boost Web3 technology adoption in Southeast Asia’s mobility industry. The MVL website and Gitbook provide extensive mobility initiative information.
