Updated On 4 June 2025
Published On 23 January 2024
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 🔥 The funds will be used to launch dApps to increase the utility of the ecosystem and create mobile-first DeFi protocols
.@DWFLabs continues to strengthen its commitment to the #AirDAO ecosystem with a $500,000 grant for ecosystem growth. $AMB Read here: blog.airdao.io/airdao-receive…
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.
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.
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.
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.
