MVL has signed a strategic partnership with DWF Labs, a global digital asset market maker and Web3 investment firm, to transform mobility in Southeast Asia using Web3 technology. This alliance enables groundbreaking integration of Web3 technology into the Asian transportation sector. It targets the large user bases of TADA and ONiON as they migrate to the MVL Web3 ecosystem.
[MVL Signs Strategic Partnership with DWF Labs]
MVL has signed a strategic partnership with DWF Labs to drive Web3 innovation in the Asian mobility industry. We look forward to the coming wave of millions of TADA and ONiON users coming on board the MVL Web3 ecosystem!!… pic.twitter.com/IdggxYriRY
— MVL (@mvlchain) December 8, 2023
MVL is revolutionizing car lending in the mobility ecosystem
Over the past six years, MVL, a leader in the Web3 transition in Southeast Asia, has steadily expanded its user base. MVL’s partnership with DWF Labs demonstrates its commitment to advancing transportation technology.
TADA, a popular ride-hailing app, powers MVL’s mobility ecosystem, using the Mobility Incentive protocol. TADA is popular in Southeast Asia and handles many daily trips and money transfers. The fact that it is the second largest operator in Singapore and is expanding into Cambodia, Vietnam and Thailand is a testament to the company’s success.
ONiON Mobility, an essential part of MVL’s ecosystem, produces and sells electric bicycles and cars and is expanding its energy infrastructure in Southeast Asia. Due to the commercial success and promise of MVL, ShinHan Bank (Finance) and CTR Group (Mobility) have invested heavily in ONiON.
MVL’s Blockchain Protocol creates a framework for the circular economy that fairly pays participants in the mobility ecosystem with MVL tokens. MVL’s real-world asset (RWA) project uses driver experience and vehicle data to offer fair car loans. This innovative approach increases the value of automotive assets in the ecosystem.
MVL’s Buy & Lock-Up token economy project aims to relate the growth of the real mobility industry to the value of MVL. This strategic move links the success of the mobility industry to the value growth of MVL Token.
James, CIO of MVL, emphasizes accelerated development in collaboration with DWF Labs
DWF Labs shares MVL’s innovative mobility vision. The strategic partnership leverages DWF Labs’ vast resources and network to improve the usability and fluidity of the MVL Token in actual MVL mobility services.
James, Chief Innovation Officer of the MVL Foundation, emphasized that the partnership with DWF Labs will accelerate the development of MVL’s new Web3 mobility ecosystem. The partnership prioritizes the use of MVL tokens and establishes a structured link between the growth of the physical mobility industry and the MVL ecosystem.
The strategic partnership between MVL and DWF Labs is expected to strengthen the MVL ecosystem and drive the adoption of Web3 technology in Southeast Asia’s mobility industry. The MVL website and Gitbook provide extensive information on mobility initiatives.
