DWF Labs, the new generation crypto investment firm and liquidity provider, will acquire FLOKI tokens worth $12 million from the project's treasury and the open market.
Thrilled to announce our continuing support for @RealFlokiInu 🔥
— DWF Labs (@DWFLabs) June 4, 2024
We're excited to support their team in several exciting launches this year: the mainnet version of Valhalla, a metaverse game, as well as several key utility projects.
Congratulations to their team for all their… https://t.co/FeR0OQTfog
This strategic purchase is aimed at further strengthening Floki’s position in the industry, especially in what is poised to be one of Floki’s most pivotal years ever due to the impending release of several key products.
Floki will be releasing the mainnet version of its flagship utility product, the Valhalla metaverse game, later this year. Floki is also set to release several key utility products, including the Floki Trading Bot, the Floki Decentralized Domain Name and Website Service, and more in the coming weeks and months.
Since the partnership between DWF Labs and Floki began in 2023, we have been actively involved in driving its success by leveraging our expertise in crypto venture capital, market making, and blockchain ecosystem growth.
One of our key contributions has been facilitating major listings of FLOKI on crypto exchange, ensuring that the token becomes more accessible and liquid across global markets. Additionally, DWF Labs has worked closely with Floki’s team to create strategic partnerships within the crypto industry, helping to expand its ecosystem and strengthen its position in the market.
Beyond crypto liquidity provisioning and partnerships, we have also supported Floki’s long-term ecosystem growth initiatives, providing the necessary backing to foster innovation and sustainability. Our latest $12 million investment marks a significant step forward in our commitment to Floki’s vision, ensuring that it has the resources needed to continue building, innovating, and scaling within the Web3 space.
About Floki
Floki is the people's cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world's most known and most used cryptocurrency and intends to achieve this ambitious goal through a strong focus on utility, philanthropy, community, and marketing. Floki currently has 480,000+ holders and a strong brand recognised by billions of people worldwide.
With this funding, the memecoin project is now for accelerated growth within the crypto landscape
API3, a provider of data oracles to blockchain-based applications without relying on a third party, has raised $4 million in a funding round led by DWF Labs, the new generation investment and market making firm.
We're proud to have led @API3DAO's strategic funding round! Congratulations to the team on this achievement. 🔥
— DWF Labs (@DWFLabs) May 29, 2024
This funding round will accelerate API3's mission to revolutionise the oracle landscape and advance the global onchain financial system. 🌐
We look forward to their… https://t.co/Rxs4ramjWd
DWF Labs led the crypto funding round, contributing $2 million. The funds raised will be used to provide API3 with liquidity to help execute its ongoing growth strategy. API3 will use the funding for marketing efforts and business development initiatives.
TSV Increased From $20M to Over $1B
API3 said its total secured value (TSV) has increased by 4900% from $20 million to over $1 billion. The data feed firm said it has integrated with new chains, including the Optimism Superchain ecosystem, X-Layer and Worldcoin.
‘API3’s transformative impact on how decentralised applications utilise oracles has been demonstrated by the substantial growth in their total value secured. We look forward to building a strong collaboration moving forward to contribute toward a future where real-world data is seamlessly accessible and verifiable on-chain,’ said Andrei Grachev, Managing Partner of DWF Labs.
API3 operates under a decentralised autonomous organization (DAO) structure, a digital management structure governed by smart contracts with decisions recorded and made on a blockchain.
A pioneering cryptocurrency information platform DropsTab has received a strategic investment in a round led by DWF Labs, the new generation crypto venture capital firm and liquidity provider.
Excited to support @Dropstab_com! This partnership is poised to advance the development of their operations, facilitate Web3 integration on their platform, and more.
— DWF Labs (@DWFLabs) May 3, 2024
Looking forward to a future of greater accessibility of cryptocurrency information for users. 🔥 https://t.co/QFQPwqgAnh
This partnership will allow DropsTab to advance the development of its operations, facilitate Web3 integration on its platform, and enhance its flagship product, EtherDrops Bot. The latter, serving over 700,000 users via Telegram, has plans for further tokenization.
‘This investment from DWF Labs is a game-changer for us,’ said CEO of DropsTab. ‘It not only validates our vision but also amplifies our capabilities to revolutionize how crypto data is accessed and utilized globally.’
DWF Labs’ investment into DropsTab reflects a shared vision for the future of cryptocurrency information provision.
‘DropsTab stands out with its innovative approach to data aggregation and delivery,’ remarked Andrei Grachev, Managing Partner of DWF Labs. ‘Their tools like EtherDrops are setting new standards in the industry, making crucial data readily available right where users need it most.’
With a focus on driving visibility and user adoption, this partnership is set to redefine the boundaries of what is possible in the crypto data landscape, ensuring that every stakeholder has the insights they need at their fingertips.
Web3 gaming studio Gala Games has recovered almost 6,000 Ethereum (ETH) coins it lost to an exploit Monday that resulted in losses of $200 million, IBT Times reported.
According to Etherscan data, the exploiter returned around 5,913 ETH worth some $22 million based on current prices to a wallet owned by the crypto gaming firm. The fund recovery has been confirmed by Gala. “The funds from the recent security incident have been recovered,” the company said. Gala followed up later, saying user compensation and refunds have started. It also said the recovered funds will be converted back to GALA tokens.
Earlier on Tuesday, venture capital and crypto propriety trading firm DWF Labs expressed solidarity with the Gala team, saying it was “saddened” about the news. However, our firm was committed to supporting its portfolio firms throughout their journeys.
“In response to this incident, we have taken proactive steps to alleviate market selling pressures and have purchased 28 million GALA tokens on the open market,“ DWF Labs said.
Here at DWF Labs, we are committed to supporting our portfolio companies through thick and thin 🤝🏽
— DWF Labs (@DWFLabs) May 21, 2024
We were saddened to hear about the recent security breach at @GoGalaGames, which led to unauthorised transactions involving $GALA tokens.
In response to this incident, we have… https://t.co/e4caYjvABQ
In a blog post Tuesday, the Gala team expressed gratitude to its partners for their quick response during the incident. It also reiterated its commitment to establishing better guardrails to ensure a hack doesn’t take place again. It also reassured users that their GalaChain assets and GALA Ethereum contract are safe.
In a significant move to boost its ecosystem and market presence, Credefi Finance, a crypto lending platform with real-world assets (RWAs) as collateral, has entered into a strategic partnership with DWF Labs, the new generation investment and market making company.
Through our partnership with @credefi_finance, we are excited to assist their team in expanding their platform capabilities, market operations, and user base.
— DWF Labs (@DWFLabs) May 14, 2024
We look forward to working with their team to make the RWA space more accessible, secure, and efficient for users in… https://t.co/Q31iBkb5WN
This collaboration focuses on increasing crypto liquidity and providing robust support for growth, marking a pivotal development in Credefi’s strategy to enhance its platform capabilities.
‘This partnership represents a strategic alignment of our goals with DWF Labs, whose expertise in market making and ecosystem development is unparalleled,’ stated Ivo Grigorov, CEO of Credefi Finance. ‘Together, we are poised to drive significant advancements in the RWA space, offering our users enhanced liquidity and a more dynamic all-in-one alternative financing platform.’
DWF Labs will employ its substantial industry experience and resources to assist Credefi in expanding its market operations and user base. The partnership is centered around innovative liquidity solutions and strategic market making aimed at fostering a stable trading environment for Credefi’s token, CREDI.
Andrei Grachev, Managing Partner at DWF Labs, expressed his enthusiasm for the partnership:
‘Credefi Finance is a key player in the #RWA decentralised finance industry, and we are thrilled to support their vision of expanding and enhancing their ecosystem. Our commitment goes beyond liquidity provision; we aim to empower Credefi with the tools and networks needed to succeed in a competitive market.’
As part of the partnership, DWF Labs will also provide strategic insights and operational support to drive growth and innovation within Credefi’s offerings. This includes leveraging our extensive network and industry connections to facilitate new opportunities and collaborations for Credefi Finance.
DWF Labs, the new generation venture capital firm and crypto liquidity provider, has announced a strategic partnership with ELYSIA.
Proud to support @zignaly in their $100 million ecosystem development fund, which will channel funding, technical expertise and a shared network of opportunity to developers building on ZIGChain 🔥
— DWF Labs (@DWFLabs) April 17, 2024
Looking forward to their success in building a wealth generation infrastructure… https://t.co/NNyCwTOhgq
This support extends ELYSIA’s reach and influence in the real-world assets (RWA) sector, and facilitates its global market outreach. By tapping into our deep industry insights, the partnership will broaden ELYSIA’s reach into global markets, actively contributing to the expansion of its ecosystem and driving innovation in digital token solutions.
Since 2017, ELYSIA has been at the forefront of converting tangible assets like real estate and bonds into digital tokens, establishing itself as a leader in the RWA protocol arena. This initiative continues to expand under the new partnership, leveraging both organisations’ strengths to drive innovation and market penetration.
Lim Jung-gun, CEO of ELYSIA, expressed his enthusiasm for the partnership:
‘As a leading RWA project in Korea, we are thrilled to build a strong ecosystem through our partnership with DWF Labs, the world’s largest Web3 company. We are committed to utilizing DWF Labs’ industry experience and network to realize ELYSIA’s vision and drive our leadership in innovative asset tokenization.’
This strategic alliance represents a significant breakthrough in asset tokenization, positioning ELYSIA and DWF Labs as leaders in technological innovation across the global marketplace. Through the synergistic combination of their respective strengths, the partnership is poised to unlock new opportunities for asset accessibility and integration within the rapidly evolving digital ecosystem, ultimately driving enhanced value for stakeholders around the world.
Zignaly, a social investment platform using the Z-Score technology to connect fund managers with over 500,000 investors worldwide, announced the launch of ZIGChain, a cutting-edge, Layer 1 (L1) blockchain on Cosmos. Its goal is to revolutionise financial empowerment through a scalable and inclusive wealth generation infrastructure.
Zignaly also partnered with DWF Labs, Disrupt, and UDHC Finance to launch a $100 Million Ecosystem Development Fund to fuel innovation on the ZIGChain.
Proud to support @zignaly in their $100 million ecosystem development fund, which will channel funding, technical expertise and a shared network of opportunity to developers building on ZIGChain 🔥
— DWF Labs (@DWFLabs) April 17, 2024
Looking forward to their success in building a wealth generation infrastructure… https://t.co/NNyCwTOhgq
Additionally, Zignaly became the world’s first licensed social investment platform, acquiring the CAT-II license from the Financial Services Conduct Authority of South Africa. This Category II License is part of an exclusive, advanced set of digital asset regulations in G20 counties, making Zignaly a reliable investment platform committed to delivering unparalleled wealth-generation opportunities.
In a recent X post, the Zignaly founding team commented on this achievement. They spent 6 years building the platform to meet the stringent regulatory requirements for this license. With it now in hand, the project os ready to undertake discretionary fund management and fund custody on behalf of their users. The immediate result was a significant uptick in the user base with the spotlight on Zignaly’s Z-Score-driven investment technology. It helps Zignaly grow exponentially, launching innovative products and diving into the decentralised finance (DeFi) space, marketed on newly accessible mainstream marketing channels. The groundbreaking expansion of our product line, now accessible to a diverse array of audiences, sets the stage for unprecedented scalability.
Zignaly operates on the ‘Profit Sharing’ concept, which enables users of all skills and knowledge to invest in digital assets by leveraging the expertise of proven, seasoned traders. The platform allows users to safely delegate their funds to be professionally managed by expert traders, who must invest their funds into the service to manage the users’ funds.
According to Zignaly, the main benefit of this trading practice is the shared success between expert traders and investors. For example, investors only pay a success fee when the trader generates profits. As a result, a seasoned trader is incentivised to use the most profitable trading strategies to reap maximum gains.
Zignaly ensures clear and transparent communication of its services, informing users about the risks of digital asset investments. Risk is multiplied by several factors when dealing with derivatives, so the platform does not guarantee future performance based on the traders' previous results. It encourages users to do their investment research and choose the traders wisely.
Recently, Zignaly hosted an exclusive event with DWF Labs, Zignaly x DWF Labs TOKEN2049 Meetup, which attracted an extraordinary interest of traders, developers, and investors. The team reiterated the plans for its proprietary L1 blockchain network, ZIGChain, and the ZIG coin at the core of its operations and development. The Zignaly’s team stated that they are set to make ZIGChain the first and most powerful wealth generation infrastructure.
The iMe platform has announced a strategic partnership with DWF Labs, the new generation crypto venture capital firm and liquidity provider, setting the stage for transformative advancements in decentralised communication and finance.
Excited to partner with @iMePlatform!
— DWF Labs (@DWFLabs) April 24, 2024
We're set to empower their team's innovation and expansion in decentralised communication and finance, bringing accessible and innovative technology to the crypto community worldwide. 🔥 https://t.co/fjMUJjijkd
DWF Labs will provide substantial crypto venture funding support to iMe. This move is designed to not only fulfil iMe’s commitments to its community but also to open new pathways for the project’s expansion. The partnership is expected to inject a fresh wave of innovation into iMe’s offerings, potentially leading to groundbreaking developments in how decentralised services are delivered.
Further strengthening this collaboration, DWF Labs will offer crypto market making and yield support to enhance the trading environment on the iMe platform. By doing so, we aim to foster a more active and engaging trading experience, encouraging greater liquidity and user interaction within the iMe ecosystem.
The partnership also extends to broadening iMe’s reach through DWF Labs’s extensive network. This exposure will facilitate new partnerships, synergies, and collaborative innovations, which are crucial for staying at the forefront of the rapidly evolving Web3 domain.