POTOMAC FALLS, Va., Could 16, 2025 /PRNewswire/ — The Ash Environmental DAO, by way of its Ash Token (https://ashtoken.io/) cryptocurrency ecosystem, is proud to announce the profitable funding of its preliminary group of grant recipients—marking a serious milestone within the DAO’s mission to help high-impact environmental innovation, job creation, and financial transformation by way of decentralized blockchain finance.
On this inaugural spherical of funding, the DAO has awarded:
- $2 million to GCS Fibers LLC (www.gcsfibers.com/), a U.S.-based start-up manufacturing firm that transforms poisonous coal ash into high-performance, non-toxic mineral fiber underneath the PHEENX® model.
- $20,000 to Eco-Inexperienced Options LLC (www.ecogreensolutions.io), a start-up firm targeted on greenhouse emissions seize options.
- $20,000 to MetaFiber LLC (www.metafiber.io), a start-up innovator in next-generation inexperienced materials analysis and improvement.
“This marks the primary demonstration of how the Ash Token ecosystem can be utilized as a robust device to fund real-world, environmentally helpful innovation,” stated Dan Perez (Communications Director for the Ash Env. DAO | Ash Token). “By way of these grants, we’re laying the inspiration for a future the place air pollution is reworked into alternative—delivering venture financing, financial improvement, poverty discount, and long-term sustainability.”
GCS Fibers: Restarting Operations with DAO-Backed Assist
From the recipient aspect, the $2 million funding allows GCS Fibers LLC to renew operations at its flagship facility and start commercial-scale manufacturing of its revolutionary mineral fiber product created from recycled coal ash. This course of diverts poisonous waste from the setting whereas creating high-performance, eco-safe supplies for international industrial use.
“We’re extremely grateful for this help from the Ash Environmental DAO and the Ash Token neighborhood,” stated David Quinn Director of Public Engagement for GCS Fibers. “This funding isn’t just capital—it’s a vote of confidence sooner or later we’re constructing. Due to this grant, we’re bringing our facility again on-line, creating jobs, and proving that sustainability and profitability can go hand-in-hand.”
A New Mannequin for Local weather Finance
This funding spherical exemplifies the DAO’s imaginative and prescient of a round, inclusive financial system the place modern options to environmental crises are empowered by decentralized capital. Every grant advances the DAO’s core targets: decreasing international air pollution, enabling sustainable trade, creating dignified jobs, and delivering superior services by way of its community of sponsored corporations.
With the success of this preliminary funding spherical, the Ash Environmental DAO invitations new candidates, companions, and Ash Token holders to hitch in scaling this ecosystem and accelerating the worldwide transition to an equitable, sustainable future.
About GCS Fibers:
GCS Fibers is an eco-friendly manufacturing firm that repurposes coal ash into high-quality mineral fiber or pulp merchandise. GCS can convert hundreds of thousands of tons of poisonous coal ash (fly ash, backside ash, boiler slag, moist or dry) annually into 6 base mineral fibers yielding end-products similar to paper, brake pads, textiles, constructing insulation, rubber and plastics, and carbon fiber precursors. All of the whereas creating jobs, cleansing up the dangerous results of coal ash, and serving to the setting. Study extra by visiting https://www.gcsfibers.com/
About ASH Token:
The ASH Token is a cryptocurrency ecosystem that gives grant funding for prime affect and sustainable enterprise improvements that search to eradicate air pollution from the worldwide setting whereas driving the elevated adoption of extra environment friendly vitality options. ASH is a governance token that empowers holders to collectively vote and determine how the funds raised by way of the token’s transactions charges are used to fund environmentally targeted start-ups. Study extra by visiting https://ashtoken.io/
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SOURCE GCS Fibers
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