DWF Labs is proud to announce our investment in Shimmer, a groundbreaking Web3 network that enables frictionless decentralized and scalable economies. Shimmer's feeless, parallelized DAG ledger is designed to secure and create fully customizable smart contract chains, making it a truly scalable multi-chain network.

At the core of Shimmer's vision is tokenization, and the network makes it possible to mint, manage, and transfer native tokens and NFTs with zero fees. Shimmer also eliminates fees for NFT creation and trading, and all NFTs on the network act as standalone wallets that can hold other NFTs and tokens and store immutable on-chain data.

Shimmer's developer tools offer builders the flexibility to customize their own smart contract chains, and the extended UTXO model enables unique output types with custom transaction logic and trustless atomic operations. With the ability to trade without limits, Shimmer eliminates the need for costly and insecure bridges, enabling unhindered cross-chain interoperability.

The Directed Acyclic Graph (DAG) architecture of Shimmer allows parallelized writing to the ledger, making it possible to secure infinitely higher amounts of L2 blockchains, and breaking the dependency on second layer scalability solutions. Shimmer's parallelization paves the way for scalable, unstoppable multi-chain economies, and the network's commitment to security and decentralization makes it an exciting investment move for DWF Labs.