AirDAO, a community-governed layer-1 blockchain and ecosystem of Web3 decentralized applications (DApps), has secured $25 million in committed financing over the next two years from GEM Digital, a Bahamas-based, long-only digital asset investment firm.
GEM Digital is part of The Global Emerging Markets Group (GEM), a $3.4 billion alternative investment group founded in 1991. GEM manages diverse investment vehicles focused on emerging markets worldwide, with investments in 580 companies across 75 countries. GEM Digital sources, structures and invests in utility tokens listed globally on over 30 centralized exchanges (CEXs) and decentralized exchanges (DEXs).
AirDAO has the option to draw on the $25 million in committed funding over the course of two years, providing long-term financial stability and flexibility for the ecosystem to raise capital at its discretion. The AirDAO (AMB) that GEM Digital purchases will come from the hard cap allocation for investors. The AirDAO community recently passed a tokenomics upgrade proposal with a hard cap on the total AMB supply and allocations for specific use cases, including investors, ecosystem funding and more.
AirDAO is a community-governed layer-1 blockchain and ecosystem of Web3 DApps, powered by its native AMB token. AirDAO brings the benefits of Web3 to a global audience with a suite of powerful products in an intuitive, all-in-one interface that makes DeFi accessible to the average user.
Since launching in September 2022, AirDAO has grown rapidly. Its team has expanded from nine to over thirty and maintains a global presence with eight official international communities. AirDAO has also nurtured a strong working relationship with Binance, the world’s largest cryptocurrency exchange.
GEM Digital joins DWF Labs as an investor in AirDAO. The deal with GEM Digital will accelerate the rapid growth of the AirDAO ecosystem, fund the development of new Web3 products, and ensure that AirDAO can survive and thrive in all market conditions for years to come.
About GEM Digital Limited
GEM Digital Limited is a digital asset investment firm. Based in the Bahamas, the firm actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.
Global Emerging Markets is a $3.4 billion alternative investment group with offices in Paris, New York and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 580 transactions in seventy-two countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to small to mid-cap management buyouts, private investments in public equities and select venture investments.
Website: https://www.gemny.com/
AirDAO website: airdao.io