New route for 2024, AirDAO embraces change

With the passage of the Bitcoin ETF, blockchain has once again returned to the attention of global investors. At the same time, blockchain technology is constantly iterating and its application fields are expanding.

For projects involved in it, if they want to achieve results in this rapidly changing industry, they must have the ability to adapt and adjust quickly. In other words, only by constantly learning new technologies and exploring new business models can new narratives be born.

For example, Solana adjusted its internal strategy during the bear market. Lily Liu, chairman of the Solana Foundation, said that Solana uses the developer-dominated labor market and capital market as its framework. , to judge the importance of future long-term development. It will focus on the US and Chinese-speaking markets and continue to promote hackathon activities. Subsequently, it worked with several traditional industry giants to provide stablecoin settlement for Visa and Web3 native payment options for Shopify customers.

In fact, Solana is too special to bring a deeper reference to the industry. Its own background and the potential contained in the last bull market are not something ordinary projects can learn from.

For this reason, we might as well look at those companies that have experienced many rounds of bulls and bears, but still continue to innovate in technology and are constantly committed to building a diverse blockchain ecosystem. System projects, such as AirDAO.

Accumulation and Transformation

Ambrosus, the predecessor of AirDAO, can be traced back to 2017. At that time, It just completed fundraising. After spending 2 years, Ambrosus built a blockchain focused on the Internet of Things (IoT) and supply chain industry.

Ambrosus has partnered with Singapore-based business incubator Business Engineers Asia to help Ukrainian fast-moving consumer goods companies such as VERES, Yaro, Street Soup and GNP Fruit implement supply chains as they seek to trade globally. Traceability.

Subsequently, the wine supply chain project "Swiss Wine-Vision 2030" was launched with the Swiss Wine Association, committed to realizing the digitization of the wine value chain and providing support for Swiss grapes. Growers provide a digital platform. Although this cooperation did not achieve great results at the time, it paved the way for AirDAO's subsequent entry into the real world assets (RWA) track. The Modus platform will be launched in March as the first RWA project of the AirDao ecosystem, focusing on real estate development in southern England.

In early 2022, Ambrosus began to technically move towards EVM compatibility, cross-chain AMB bridge and storage Expand on the Internet and focus on the development of DeFi. At the same time, it has clarified its own business development direction, and subsequent development will focus on IoT, retail and consumer goods, telecommunications, manufacturing, supply chain, and smart cities.

By the middle of the year, Ambrosus has gradually formed an ecosystem and entered the Ambrosus 3.0 stage, which integrates supply chain, IoT, data storage and DeFi solutions The EVM is L1 compatible.

In the post-Ambrosus 3.0 era, Ambrosus developed slowly, and the community hoped that it could undergo transformation. After that, Ambrosus was rebranded as AirDAO. AirDAO is a decentralized autonomous organization (DAO) where the community sets management direction and decisions and is responsible for managing the Ambrosus blockchain and its dApp network.

AirDAO has strategically pivoted to provide DeFi services to emerging markets such as Turkey, Southeast Asia, Africa and South America, and integrated all products into a single interface, accessible through Mobile device access to support those experiencing high inflation in their national currencies. Users in emerging markets may have difficulty accessing desktop computers and lacking traditional bank accounts, but can often use mobile phones to obtain Internet services.

Sophisticated financial products are usually reserved for the wealthy and highly educated. However, AirDAO’s goal is to give everyone the opportunity to invest in assets that are often considered hard-to-reach, such as bonds, real estate, income compounding pools and Decentralized banking services.

Received strong support from DWF Labs

After successful transformation, AirDAO received the famous high-end The first strategic investment of US$2 million from DWF Labs, a quantitative trading institution. At the same time, DWF Labs will also serve as the market maker of AirDAO Token AMB. AirDAO has also established its own academy to provide tutorials on how to access and use the AirDAO platform.

AirDAO’s economic model has also been innovated, introducing a deflation model and a destruction mechanism. The AirDAO Treasury will use part of the funds to invest in the DeFi protocol, and the proceeds will be used to repurchase AMB regularly and destroy it on a monthly basis. According to official browser data, nearly 3 million AMB have been destroyed in the first phase of the buyback, demonstrating AirDAO’s long-term commitment to the value of its tokens.

In addition to the reform of the economic model, AirDAO also actively promotes the development of its surrounding ecology. AirDAO invests $150,000 in RWA blockchain company Modus. Modus is headquartered in the UK and provides users with fragmented real estate development investment opportunities. In fact, this is not AirDAO’s first foray into the RWA field. AirDAO has already been involved as early as 2019, when the RWA concept was not yet widely known. Currently, analysts predict that the RWA industry will grow to a $10 trillion market by 2030.

To further promote the AirDAO ecosystem, DWF Labs has invested another $7.5 million in AirDAO. Three months later, DWF Labs donated another US$500,000 to the AirDAO ecological fund library and joined the AirDAO verification node to support the continued development and innovation of the AirDAO ecosystem.

New route, new narrative , New Ecology

After completing sufficient accumulation and having a certain capital base, AirDAO released its latest vision and roadmap. Different from the previous route full of technical features, AirDAO's expression on the latest roadmap is more pragmatic. On the roadmap, AirDAO stated that it will launch mobile applications, P2P services and more ecological products, and is committed to seamlessly integrating AirDAO's products into the lives of ordinary people around the world.

In 2024, AirDAO launched an updated version of the bond market BMP to warm up the upcoming Legion. Legion is similar to the bond market but given a new identity and functionality. At that time, Legion will also launch the platform token SWORD. On Legion, users are able to purchase BOND bonds as well as create their own bonds. Legion can also serve as a LaunchPad platform to support fundraising for new projects, providing AirDAO users with the opportunity to participate in seed and public round investments in new projects in the ecosystem. Currently, AirDAO has launched an airdrop event, and participating users will receive SWORD airdrops.

Then there is Mantis, a decentralized trading platform with an innovative liquidity incentive mechanism. Mantis’ single-sided liquidity (SSL) pool allows users to stake a single asset to generate yield while reducing the risk of non-permanent losses. Mantis is not only a DEX, it is also the core of community building through which users can communicate and connect directly. Mantis will also issue its own native token, BUG, to further enhance the value of its ecosystem.

Data shows that the average user interacts with the wallet less frequently per month. To this end, AirDao will launch a mobile wallet of its ecosystem with built-in Play to Earn functionality and a task platform to attract users' attention.

In addition, AirDAO’s staking platform Arcadia will undergo a rebranding and become SourPatch. This change will bring a more flexible and user-friendly staking experience to the AirDAO network . In the future, AirDAO will continue to destroy AMB, which will help reduce the total supply of AMB, respond to the needs of the community, and maintain the stability and sustainability of the system.

More importantly , AirDAO has launched a new DAO governance platform, which will open a new chapter in the governance structure. In the new platform, AirDAO will use the decentralized identity system Fractal ID to create and verify user DIDs. Users can mint AirDAO SBT (Soulbound Token) to participate in AirDAO decision-making. The more influential SBTs users hold and actively participate in AirDAO activities, the more decision-making power they will gain.

In addition, AirDAO will also improve the user experience. "Financial Court" and mobile application wallet will be launched in the near future. Financial Court is an index investing DAO designed to solve the difficult problem of creating and managing a cryptocurrency portfolio. Users can create their own indices of cryptocurrency assets and allow other users to invest in these indices, similar to those in traditional stock markets. AirDAO’s mobile app and wallet will be the primary way users engage with its ecosystem, including wallet functionality, all AirDAO dApps, and governance tools. This strategic shift will bring AirDAO closer to the needs of global users, especially today as the use of mobile devices becomes increasingly popular.

In the cryptocurrency space, innovation and the ability to build new narratives are core to a project’s ability to survive and thrive. Solana and AirDAO, both founded in 2017, are examples of this philosophy. Solana has earned widespread industry recognition for its high-performance blockchain solutions. At the same time, AirDAO continues to expand the boundaries of its ecosystem by launching new products and services through its continued pursuit of innovation and its embrace of mainstream narratives. The development history of these two projects proves that only projects that continuously evolve and adapt to market changes can survive in the highly competitive encryption industry.

This article is from a submission and does not represent the views of BlockBeats.