DWF Labs has committed to invest $7.5 million in AirDAO, a Layer 1 blockchain, to further drive adoption of its ecosystem. This latest crypto funding round expands on a previous $2 million investment made in September 2022 and includes a one-year cliff with a 36-month vesting schedule. In connection with the $7.5 million investment, DWF Labs has also received a loan of 1.5 billion AMB cryptocurrency over a three-year period.
AirDAO is undertaking initiatives to enhance its social media presence and global brand visibility, supported by an extensive operational runway designed to future-proof the platform and attract the next generation of users. By providing sufficient crypto venture capital, DWF Labs will be a key strategic partner in these efforts.
Andrei Grachev, Managing Partner of DWF Labs, shared his enthusiasm for this cooperation:
“Our partnership with AirDAO started in September 2022 when we invested $2 million. Since then we’ve been building a stronger relationship, with clear communications about their goals and roadmap. At DWF Labs, we want to support strong companies, and AirDAO has proven to us throughout this year that they have battle-tested technology, strong decentralized governance, and an experienced team. Besides following up our previous investment with a large check size, we will provide all the support needed for their ambitious roadmap with the resources from DWF Labs, DWF Ventures, and DWF Ecosystems, such as connections to different key players from the industry, support with their go-to-market strategy and investing into dApps building on their chain.”
DWF Labs will leverage its extensive network to expand AirDAO’s presence in key regions such as Turkey, including joint hosting of a networking event during the fringes of Binance Blockchain Week in November 2023. Additionally, AirDAO will engage with DWF Labs portfolio companies for collaboration and development opportunities.
Furthermore, AirDAO and DWF Labs have jointly committed to a $1 million ecosystem crypto investment fund to incentivize blockchain projects to launch on the AirDAO platform.
A DeFi protocol called LeverFi has secured a $2 million crypto funding from DWF Labs, the new generation Web3 investor and market maker, to further develop and expand its Web3 services.
Congratulations @LeverFi 🎉
— DWF Labs (@DWFLabs) September 26, 2023
We look forward to your continued support on our journey to bring greater innovations to decentralized finance ✨️ https://t.co/1bhYIganw8
Funds received from this investment are subject to a two-year lockup.
LeverFi is an Ethereum-based decentralised, on-chain leverage trading platform that seeks to address several pain points in DeFi by offering a suite of intuitive solutions. It offers multi-asset lending, leveraged trading solutions, and tools to improve the DeFi experience. The protocol is powered by the LEVER utility token, which is used for governance and staking.
DWF Labs is a global digital asset market maker and a crypto venture capital fund that provides support to portfolio companies, from exchange listings to crypto liquidity provisioning. Apart from direct funding, our company offers consulting, trading strategies, cybersecurity, smart contract audit processes, debt financing, treasury management, and connections with numerous partners across different verticals.
Coin98 has entered into a strategic investment-based partnership with DWF Labs, a global crypto venture capital and market making. Under this collaboration, DWF Labs will provide investment, consultation, crypto liquidity provisioning, and marketing services to support Coin98’s global expansion. The crypto venture capital for Coin98, committed by DWF Labs, is expected to advance decentralisation and broaden access to cryptocurrency services.
Addressing the challenges inherent in the widespread adoption of cryptocurrency, Coin98 is committed to bridging the gap between Web2 and Web3. Recognising that the current user experience can be complex—even basic tasks like maintaining complete control over digital assets often pose difficulties for newcomers—the company is developing a comprehensive suite of products. Among these is the Coin98 Wallet, a multichain, non-custodial solution that currently serves over 6 million users worldwide. By integrating with more than 70 blockchains, the wallet offers a seamless experience for asset management, incorporating advanced features such as native swap, fiat on-ramp, a decentralised application browser, and a robust DeFi toolbox.
In addition to the wallet, Coin98 is working on other blockchain applications like the SpaceGate cross-chain bridge and other features that are still in progress. These efforts are aimed at simplifying digital asset management and facilitating a smoother transition into the evolving world of Web3.
About Coin98
Coin98 is a comprehensive crypto super app designed to securely connect users worldwide to the cryptocurrency ecosystem. It provides a trusted suite of essential services, including a non-custodial, multi-chain NFT and cryptocurrency wallet, integrated decentralised exchanges, a cross-chain bridge, a decentralised browser, a terminal, as well as various features such as Earn, Gift, and Campaign.
Jasmy, an innovator in the intersection of blockchain and the Internet of Things (IoT), has partnered with DWF Labs, to promote the global expansion of the IoT blockchain sector to improve data democratization around the world.
The crypto options trading market gets another boost thanks to a collaboration between the cryptocurrency derivatives exchange BIT and the duo of Darley Technologies and DWF Labs, the new generation Web3 investor and market maker.
Earlier this year, BIT rolled out crypto options tied to Cardano’s ADA coin and Toncoin(TON) in collaboration with strategic partner Darley Technologies and market maker DWF Labs. Our firm was also involved in launching A new options contract based on the LADYS token marks a significant milestone in the industry as the world’s first memecoin-based derivative brought to the market for both institutional and retail traders.
Crypto options might be seen as an intimidating instrument for new traders or existing spot traders. This type of derivative gives the trader the right to buy or sell an underlying asset at a certain price on or before a specific date. The core functionalities of options are binary: the right to buy the asset is a call option, and the right to sell it is a put option.
DWF Labs’s intent is to simplify access to crypto options trading for all, providing an interface that is simple to understand and instruments that are in line with what communities are passionate about. Memecoins are an excellent way to engage people and make them learn options trading, underlined Andrei Grachev, Managing Partner of DWF Labs.
The Global Head of Institutional Sales of BIT, Justin Buitendan, added:
‘We are proud to announce the listing of LADYS options as the world’s first memecoin options, made possible through the support of our esteemed partners, Darley Technologies and DWF Labs. Meme coins have experienced rapid growth, and we are thrilled to provide our clients with an additional avenue to enhance their trading strategies. LADYS options mark the starting point of an exciting journey, and there are more exciting opportunities on the horizon.’
The popularity of the Milady (LADYS) token, as well as the sudden sprout of related projects, made it the perfect candidate for the first memecoin to be traded.
DWF Labs, the new generation Web3 investor and market maker, has further strengthened its commitment to support the growth of Conflux, a Layer-1 (L1) blockchain that uses the Tree-graph consensus algorithm, with another round of crypto venture capital.
Excited to announce our strengthened commitment to support the growth of @Conflux_Network ⚡📈 pic.twitter.com/PDoziFwwjJ
— DWF Labs (@DWFLabs) June 28, 2023
Conflux has been gaining significant traction since 2023 on the back of some key partnerships, including the signature collaboration with China Telecom, announced on February 15th, with the goal of developing a blockchain SIM (BSIM) card that was first unveiled in May 2023.
DWF Labs recently purchased $28 million worth of Conflux’s native cryptocurrency, CFX, cementing the long-term relationship between the crypto venture capital firm and the blockchain platform. This follows the first crypto funding round of $10 million, announced in March 2023.
We have made significant contributions to placing Conflux on the global stage through project introductions. Conflux has established ecosystem partnerships with Floki, Worldcoin, Blockbank, Luganodes, AirDAO, Mask, and OpenEden, with a growing list of ongoing partnerships being discussed. Additionally, our company has co-hosted multiple crypto events in Hong Kong, Tokyo, and Paris.
Fan Long, Conflux Network’s co-founder, said:
‘Conflux Network has experienced exponential growth since the start of 2023, pioneering advances in the Chinese NFT market and establishing fresh Web3 access through the BSIM card project with China Telecom. DWF Labs is one of the key supporters of Conflux. This infusion of capital not only strengthens our bond, but also acts as a catalyst for our shared ambition to expand the Conflux ecosystem. Conflux plans to leverage the raised funds to further fuel its ecosystem growth in Asia and Hong Kong, empower burgeoning developer communities, and bring an increasing number of real-world assets onto the Conflux chain.’
Andrei Grachev, Managing Partner of DWF Labs, shared:
‘We take great pride in our role as supporters of Conflux throughout its remarkable growth trajectory. It exemplifies our commitment to backing projects with immense potential and providing the necessary support to fill in the missing pieces of the Web3 puzzle. Our deep understanding of the crypto market has served as a compass for Conflux, allowing it to fully express its potential on the global stage. We are delighted to have played a part in Conflux’s journey towards success.’
About Conflux
Conflux is a permissionless L1 blockchain connecting decentralised economies across borders and protocols. Recently migrated to a hybrid consensus protocol combining Proof-of-Work and Proof-of-Stake, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.
As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects that are building and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
DWF Labs, the new generation market making and crypto venture capital firm, has announced a partnership with Algorand Foundation to support the health and growth of the ecosystem built on the Algorand blockchain.
We're excited about this partnership with @AlgoFoundation to support the health and growth of the ecosystem built on this ⚡blockchain! https://t.co/eNTF48cItu
— DWF Labs (@DWFLabs) June 26, 2023
The first component of the partnership involves a $50 million ALGO token purchase agreement to, in part, allow DWF Labs to serve as a crypto liquidity provider for the Algorand ecosystem.
An additional Memorandum of understanding (MOU) has been signed with the aim of allocating crypto venture capital to support projects that are building on the Algorand blockchain in the spaces of DeFi, Art and Music, Gaming, Oracles and Bridges, and Infrastructure.
Andrei Grachev, Managing Partner of DWF Labs, expressed his enthusiasm for this partnership, as it has high potential for more developments in the Algorand ecosystem:
‘We selected Algorand because of its unparalleled level of technology and security among permissionless blockchains, as well as its leadership in environmental sustainability and social impact. Algorand’s blockchain infrastructure provides the speed and instant finality required for creators, financial institutions and governments to smoothly transition to the new digital economy at scale, in an environmentally responsible manner. This partnership with the Algorand Foundation is another important step in the maturation and growth of innovation in this space.’
What Is Algorand?
The Algorand blockchain, with Algorand Foundation as its primary contributor, empowers a dynamic, inclusive, and borderless global ecosystem at scale. Designed by an Massachusetts Institute of Technology (MIT) professor and Turing Award winning cryptographer Silvio Micali, Algorand is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughput at the speed of traditional finance, but with immediate finality and at near-zero transaction costs. Its carbon-neutral platform and unique Pure Proof-of-Stake consensus mechanism achieves both security and scalability on a decentralised protocol, and without a second of downtime since it went live in 2019.
DWF Labs, the new generation crypto venture capital and market making company, has announced a strategic partnership with a leading blockchain network TRON. As part of this partnership, our firm will become a crypto liquidity provider for TRON, further enhancing the ecosystem support of the blockchain.
Let's get it 🚀 https://t.co/Gct24qKFzF
— DWF Labs (@DWFLabs) June 17, 2023
Andrei Grachev, Managing Partner of DWF Labs, stated:
‘With over 165 million accounts created and more than 5.8 billion transactions on the TRON network, we firmly believe that the TRON ecosystem is at the forefront of Web3 adoption. What we find particularly appealing about TRON’s accomplishments is its remarkable ability to attract new ideas. TRON stands as one of the fastest-growing dapp ecosystems in the space at the moment, and the consistent rollout of innovative tools and services proves that TRON has a leading role in paving the trail in blockchain. That is why we are eager to further support the ecosystem with additional investment in the near future.’
A TRON spokesperson also commented on the partnership:
‘As a leading blockchain network focused on empowering decentralised commerce and community for every person on the planet, TRON has continually attracted new ideas and demonstrated exceptional growth within the space. We are delighted to partner with DWF Labs, as they bring their expertise and excellence to further strengthen the TRON ecosystem. Together, we aim to further support TRON’s vision of a decentralized future.’
By partnering with TRON as a crypto liquidity provider, DWF Labs aims to contribute to the growth and development of the TRON ecosystem, facilitating improved accessibility of the blockchain network for all TRON users and community members.
About TRON
Founded in 2017 by Justin Sun, the TRON blockchain network has continued to deliver impressive achievements since the mainnet launch in May 2018. In July 2018, the ecosystem integrated a popular torrenting app, BitTorrent. As of June 2023, TRON has over 166.5 million accounts, more than 5.85 billion total transactions, and over $11.52 billion in total value locked (TVL), according to a service Tronscan.
The TON blockchain platform is hosting a DeFi and data analytics hackathon called Hack-a-TON x DWF Labs x AWS. The crypto event is organised in collaboration with DWF Labs and Amazon Web Services (AWS).
The hackathon provides software developers with the opportunity to design, code, learn and network as they bring their ideas to life. Participants will be able to engage with a vibrant community of Web3 builders, obtain access to virtual workshops led by experienced mentors and specialists, and showcase their ideas at the event finale.
The winning project will receive crypto venture funding from DWF Labs to transform their idea into reality. In addition, there’s a total prize pool that includes prize money of $150,000 worth of Toncoin (TON), the native cryptocurrency of TON, and an additional $150,000 worth of TON in grants and AWS Credits worth $115,000.
Throughout the duration of the hackathon, there will be regular virtual workshops for all participants and online assistance from AWS, DWF Labs and TON mentors who will be ready to answer questions from teams in the hackathon chat while the building phase runs from May 27 until July 27, 2023. The sessions are designed to aid builders and provide them with the skills, knowledge, and time they need to build on their ideas, bring their projects to life, and network with other participants.
Participants who successfully complete the hackathon will receive exclusive NFTs, and teams who make it to the final round will be entitled to exclusive merchandise and stand to win from the prize pool.
Andrei Grachev, Managing Partner of DWF Labs, commented:
‘This event is a remarkable opportunity for developers passionate about DeFi and data analytics to unleash their creativity, learn, and network with like-minded individuals. We believe in the power of innovation and want to inspire builders to create exceptional applications on the TON platform. In addition to the substantial monetary prizes, our aim is to encourage participants to contribute to the growth of the TON ecosystem by building transformative projects. We eagerly await the groundbreaking ideas and solutions that will emerge from this hackathon, and we’re excited to support the winners in bringing their visions to life.’