DWF Invests In AirDAO Despite Being Listed On Binance’s Risk Watchlist

Key Points:

• DWF invests in AirDAO to enhance its ecosystem with $7.5 million.
• TomoChain receives support from DWF Labs to strengthen its blockchain infrastructure.

DWF invests in AirDAO and TomoChain, early projects listed on Binance in 2018 and 2017. However, AirDAO was listed on Binance’s risk watchlist and received US$25 million from GEM, which is suspected of being a scam.

DWF Labs, a leading multi-stage web3 investment firm, has recently announced a significant investment of $7.5 million in AirDAO. This marks a continuation and expansion of their partnership, following a $2 million investment in September 2022.

DWF Invests In AirDAO Despite Risks

According to Wu, AirDAO (formerly Ambrosus AMB) was added to Binance’s risk watch list in 2023 and disclosed receiving a US$25 million investment from GEM, a company that has raised suspicions of fraudulent activities.

However, DWF Labs’ substantial investment demonstrates their confidence in AirDAO’s potential and the crypto ecosystem as a whole. Furthermore, a $1 million ecosystem investment fund has been established, incentivizing projects to launch on AirDAO’s platform.

TomoChain’s Boost from DWF Labs

TomoChain, a blockchain platform known for its scalability, security, and decentralization, receives significant support from DWF Labs. The investment will strengthen TomoChain’s layer-1 infrastructure, furthering its mission to accelerate the onboarding of millions of users into the world of blockchain technology.

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