According to information received, AirDAO received an investment of 500 thousand dollars from DWF Labs to ensure the growth of the ecosystem.
Announcing this news from the X account, AirDAO said:
“DWF Labs will provide a $500,000 grant to the AirDAO Ecosystem Treasury to support ecosystem development and our growth as a first-layer blockchain.
The AirDAO Council will use these funds to launch dApps to increase the utility of our ecosystem and create mobile-first DeFi protocols that will improve our users' access to decentralized financial instruments and enhance investment opportunities.
“DWF laboratories had previously agreed on a joint ecosystem development fund of $1 million.”
.@DWFLabs continues to strengthen its commitment to the #AirDAO ecosystem with a $500,000 grant for ecosystem growth. $AMB
Read here: https://t.co/T0Rz92FyCF pic.twitter.com/5loSPnopHS
— AirDAO (@airdao_io) January 24, 2024
After this news, the AirDAO (AMB) price started to rise and recorded a 5% increase.
*This is not investment advice.
