Updates | SubDAO Raises Investment from Huobi DeFi Labs
SubDAO is excited to share that it has received investment from Huobi DeFi Labs in the latest round of fundraising, marking the formation of a vital partnership between SubDAO and Huobi DeFi Labs. As an ecosystem investment fund within Huobi Group, Huobi DeFi Labs is committed to establishing a new financial system for the future through cooperation with cryptocurrencies and communities worldwide. The founder team of SubDAO is composed of the former IBM Technical Team Lead and well-known early Polkadot’s developers, with rich experience working for IBM, Tencent, Alibaba, and so on.
We believe that with the support of the Huobi ecosystem, SubDAO will be able to provide DAO infrastructure and tools for a larger and broader ecosystem, and accelerate the integration of diversified tools in areas such as DeFi to realize the goal of “One DAO Serves All”.
About Huobi DeFi Labs
Huobi DeFi Labs is an ecosystem investment fund of Huobi Group, committed to establishing a new financial system for the future through cooperation with cryptocurrencies and communities worldwide.
SubDAO is a DAO infrastructure based on Polkadot, where any decentralized organization is allowed to conveniently create and manage a DAO. SubDAO does not only connect DAO with DApps to realize DAO’s cross-chain management but also bridges Web 2.0 and Web 3.0.
With the Web 2.0 middleware provided by SubDAO, users can conduct DAO governance directly on traditional social media platforms. Developers are able to quickly integrate DAO governance capacities with their apps on blockchain, webpage, and mobile. Meanwhile, SubDAO’s templates and ecosystem tools will realize crypto assets management, credit lending, and borrowing, real-time communication, and other decentralized functions for DAO.