DWF Labs, the new generation market making and crypto venture capital firm, has announced a strategic partnership with a Layer 1 blockchain platform, Kava Chain. The partnership aims to accelerate the growth and sophistication of Kava’s DeFi ecosystem, particularly its decentralised exchanges (DEXs).
We are pleased to announce that we have entered into a strategic partnership with the @Kava_Chain, a layer-1 blockchain.
— DWF Labs (@DWFLabs) November 15, 2023
This partnership aims to accelerate the growth and sophistication of Kava’s DeFi ecosystem, particularly its decentralised exchanges (DEXs). pic.twitter.com/I59tlByNea
Kava Chain is a secure L1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Kava is also the hub for Native USDt for the Cosmos. Its native coin KAVA is at the top-100 of cryptocurrencies by market capitalisation, and the Kava Chain currently holds $230 million in total value locked (TVL).
As part of the partnership, DWF Labs commits to offer strategic insights covering risk management, crypto liquidity provisioning, fee structures, traded products, and market making programs for DEXs built on the Kava Chain. DWF Labs will also integrate and start proprietary trading on up to 10 Kava Chain DEXs and perpetual DEXs. Additionally, DWF Labs pledges to establish a significant trading presence by targeting a market share of at least 7.5% of the total trading volume across the Kava Chain’s DEXs.
Andrei Grachev, Managing Partner at DWF Labs, expressed his enthusiasm for the collaboration:
‘Supporting the growth of Kava’s DeFi ecosystem is a natural alignment to our mission for fostering blockchain innovation. We’re excited to leverage our position in the market to contribute meaningfully to Kava’s roadmap.’
Binance Research has named DWF Labs the most active crypto venture capital company from the start of Q3 2022 to the end of Q3 2023 in the latest report ‘Data Insights: Exploring Crypto Fundraises’.
According to the report’s authors, our company was the biggest investor in 39 blockchain projects over the past year, with the total amount of injected capital totaling almost $324 million. The second and third places have been taken by Binance Labs with 28 funding rounds, and a16z crypto with 23 investments, respectively.
The report underlines that lead investors are defined as those who provide the most crypto venture capital or those who have solely funded an investment round.
Investments by DWF Labs span a diverse range of areas, from infrastructure to gaming, DeFi to NFTs, and beyond, ensuring that we contribute to a well-rounded and resilient Web3 landscape. Our portfolio includes over 700 blockchain projects, 20% of which are at the CoinMarketCap’s top 100.
We are excited to continue building valuable partnerships and bringing transformative crypto projects to life. If you are interested in partnering with us on crypto venture capital, don’t hesitate to contact DWF Ventures.
DWF Labs, a leading crypto venture capital firm and liquidity provider, has announced a strategic partnership with SOMESING, recognized as the world’s first blockchain-based singing platform. This latest infusion of capital builds on the success of a previous funding round completed in 2022 and supports the development of the “Singverse” (Sing+Universe)—an initiative aimed at uniting individuals through the universal language of music. As part of the collaboration, SOMESING will implement a comprehensive global localization strategy to enhance its international presence.
Leveraging its extensive global networks and resources, DWF Labs is committed to supporting the growth of the SOMESING ecosystem over the next two years.
The SOMESING platform offers a dynamic space where users worldwide can express themselves by singing their favorite tunes and enjoying high-quality recordings from others without incurring any costs. Its innovative token economy ensures transparent and equitable rewards for content creators through the seamless operation of smart contracts on the blockchain network.
A SOMESING official commented:
‘Building upon the strategic investment from DWF Labs, SOMESING is poised to enhance user experience through continuous R&D on a global scale, implement a localization strategy for worldwide expansion, and promote a partnership to build a Web3-based Singverse. The collaboration with DWF Labs will extend to listing the SSX token on additional global CEX/DEX platforms as a pivotal component of our global expansion strategy. This strategic alignment opens new avenues for prospective investors and users seeking a pioneering, technologically advanced platform within the cryptocurrency market.’
Polytrade Finance, a protocol dedicated to addressing demand for real-world assets (RWAs), has entered into a strategic partnership with DWF Labs, a market maker and crypto venture capital firm. This collaboration is expected to have a significant impact on the future of real-world assets (RWAs) by onboarding institutions and protocols to Polytrade’s forthcoming RWA marketplace, an all-in-one hub designed to consolidate tokenization field.
We're excited for this partnership with @Polytrade_fin 🎉
— DWF Labs (@DWFLabs) November 13, 2023
Looking forward to the further growth and development of the real-world asset industry 🔥 https://t.co/EIecBR0aal
Through this partnership, Polytrade Finance will benefit from DWF Labs’ liquidity provisioning solutions, venture capital support, industry experience, and global network. As one of the largest players in the Web3 space, DWF Labs provides valuable support that is expected to help unlock key partnerships in new geographies.
Piyush Gupta, Founder of Polytrade, commented on the collaboration:
‘Polytrade was born out of a realization that core challenges in our current financial systems can be solved using blockchain, leading to not just better capital allocation but the meaningful last-mile impact. Our collaboration with DWF Labs is a testament to our commitment to redefining the real-world asset landscape. Together, we will drive innovation and transform the way global financial institutions and users access and engage with real-world assets.’
The primary focus of this partnership lies in reshaping the digital asset ecosystem and promoting innovation. With Polytrade’s innovative RWA platform set to reach a broader audience, including global financial institutions, the combined strengths and shared vision of Polytrade Finance and DWF Labs will contribute to the growth and development of the real-world asset industry.
DWF Labs, the new generation Web3 investor and market maker, has announced a strategic collaboration with Gala Games, a prominent leader in blockchain entertainment that boasts millions of users across its gaming, film, and music platform.
This new strategic partnership will support Gala in their massive and rapid expansion of their Layer 1 (L1) blockchain, GalaChain. Together with DWF Labs, the project aims to harness its expansive network of high-quality partners and experienced builders to accelerate the adoption of its L1, a common issue facing many of the crypto projects today.
‘We are actively working with thought leaders and VCs in both Web2 and Web3 to cement GalaChain as one of the preeminent blockchains for the future of decentralized technology. DWF Labs is a leader in this space and we are delighted to work closely with them on this rollout,’ said Jason Brink, Gala’s President of Blockchain.
Andrei Grachev, Managing Partner at DWF Labs, shared his anticipation for the partnership:
‘Gala Games’s ability to onboard millions of users over the last few years is a testament to its potential to rapidly growing the use of its L1 network, GalaChain. Our alliance will help amplify its dedication to advancing blockchain integration in all facets of digital entertainment.’
The joint forces of DWF Labs and Gala have strong potential to reshape the landscape of blockchain adoption.
About Gala Games
Gala Games is a comprehensive gaming and NFT platform that operates on both Ethereum and BSC networks. The platform encompasses an ecosystem of blockchain games, aiming to allow users not only to play but also trade NFTs and engage in governance.
The Gala ecosystem primarily comprises the Gala Store and Gala Games. While the store facilitates the use of GALA tokens for purchasing in-game items and NFTs, Gala Games offers a platform for accessing a series of blockchain game titles, including their flagship release, Town Star. Central to the network’s operation is its Triple Proof Node System, which relies on a hybrid consensus mechanism combining Proof-of-Work (PoW), Proof-of-Stake (PoS), and Proof-of-Storage. The system operates through three types of nodes: Founder nodes, Paid nodes, and Free nodes.
TokenFi (TOKEN) has announced a partnership with DWF Labs. This collaboration is built on DWF Labs’ strong belief in the high potential of tokenisation and conviction in the future of the Floki ecosystem, with TokenFi as its vital component.
Under the terms of the partnership, DWF Labs will serve as TokenFi’s primary crypto liquidity provider on exchanges. This commitment is designed to deepen the liquidity of TOKEN and stimulate demand among institutional and retail investors alike. Additionally, DWF Labs will play a pivotal role in the TokenFi Connect section of the platform, reinforcing its position as a key institutional partner. This initiative not only underscores DWF Labs’ dedication to TokenFi’s success but also positions the platform more favorably within the competitive institutional landscape.
What is TokenFi?
The TokenFi platform offers users a unique, code-free solution to launch tokens or tokenise real-world assets (RWAs). By enabling seamless fund-raising, exchange connectivity, and crypto liquidity provisioning, TokenFi allows Web3 projects to float tokens tied to real-world assets without the complications of securities regulations.
Moreover, the platform incentivises protocol usage through a rewards system based on daily activity, creating a flywheel effect that continuously attracts new users. Initially launching on five leading blockchains (Ethereum, BNB Chain, opBNB, Base, and Arbitrum), the protocol is set to expand its reach.
About Floki
Floki began as a community-driven memecoin and has since evolved into a comprehensive digital asset ecosystem focused on delivering tangible value to its users. The project has cultivated a strong and active community through regular social media engagement and community events, emphasizing transparency and collaborative governance.
Over time, Floki has expanded its range of applications beyond simple token speculation to include decentralized finance solutions, non-fungible tokens, and gaming platforms. This evolution is designed to empower users with practical financial and digital experiences, moving the project toward a role as a multifaceted platform.
DWF Labs has announced crypto venture funding for Port3 Network, a pioneering Web3 social data portal that is poised to reshape the way user information is acquired and aggregated in the decentralised ecosystem.
We're pleased to share that our investment in Web3 social data portal @Port3Network 🫡
— DWF Labs (@DWFLabs) October 23, 2023
Port3 is a data portal for acquiring and aggregating web3 social data. The company's in-house algorithm refines and standardizes user data, segmenting user profiles according to preference,… pic.twitter.com/p4Ix4NP7ML
Port3 Network is designed to streamline the collection and standardisation of social data from various Web3 platforms. Utilizing an in-house algorithm, Port3 refines user data by segmenting profiles based on preference, value, and authenticity. This method not only enhances data accuracy but also provides valuable insights that are critical for developers and projects seeking to engage with the Web3 community in a more meaningful way.
The recent funding is set to drive the development of BQL, an upcoming social data layer that aims to meet the evolving demands of the Web3 space. With enhanced capabilities, BQL is expected to offer improved data precision and usability, further supporting initiatives that depend on reliable social data insights.
Social data has become an essential asset in the digital age, particularly within decentralised networks. By ensuring that user profiles are accurately segmented and analyzed, Port3 Network helps create a more transparent and user-centric environment. This, in turn, can facilitate better decision-making for projects and contribute to the overall growth of the Web3 ecosystem.
DWF Labs’ investment underscores its commitment to supporting innovative solutions that address emerging challenges in the crypto and blockchain sectors. By backing Port3 Network, DWF Labs is not only endorsing a technology that streamlines social data aggregation but is also contributing to a broader initiative to enhance data infrastructure within the decentralised economy.
DWF Labs, a prominent crypto venture capital firm, has announced a strategic partnership with BinaryX, the creative force behind popular titles such as AI Hero and CyberDragon. This collaboration is designed to advance high-quality gaming experiences within the Web3 and Metaverse communities.
We are excited to announce our partnership with @binary_x, the creative minds behind games like AI Hero and CyberDragon. We support the mission to bring high-quality games to the Web3 and Metaverse community.
— DWF Labs (@DWFLabs) October 17, 2023
Apart from developing games, BinaryX offers an IGO Launchpad, a… pic.twitter.com/Y4OisBGDZl
BinaryX is a multifaceted blockchain project known not only for its innovative game development but also for its comprehensive ecosystem services. The project’s native governance and utility token, BNX, is used for various purposes, including funding and incentives for community members.
In addition to creating games, BinaryX operates an Initial Game Offering (IGO) launchpad, a specialised fundraising platform that leverages expertise in marketing, tokenomics remodeling, and design. Further enhancing its ecosystem, BinaryX offers a decentralised multi-asset marketplace powered by the BNX cryptocurrency. This marketplace provides users with a seamless environment to trade various digital assets while engaging with the broader blockchain community.
The partnership with DWF Labs underscores a shared commitment to delivering superior gaming experiences and driving innovation within the Web3 sector. By combining BinaryX’s creative and technical capabilities with DWF Labs’ strategic support of venture capital and crypto liquidity solutions, the collaboration aims to contribute to a more integrated and robust landscape for innovations in gaming experiences, interactive entertainment and metaverse.
DWF Labs Transfers $1 Million USDT to Coin98 Ventures on Binance: A Strategic Move for Web3 Adoption
In a move tracked by The Data Nerd monitoring, DWF Labs has reportedly transferred around $1 million USDT to a Binance deposit address purportedly linked to Coin98 Ventures.