CoinDesk Named Market Maker DWF Labs ‘Top Crypto Investor’
Updated On 17 June 2025
Published On 29 March 2023

Investment in crypto projects and startups, which surged at a record pace during the 2021 bull market, slowed dramatically as the bear market took hold, CoinDesk writes. Most leading crypto venture capital (VC) firms scaled back their exposure to the volatile Web3 sector, waiting for clearer market signals before re-entering.
However, DWF Labs, the new generation crypto venture capital and market making company, has stepped in with a steady wave of venture funding, CoinDesk underlines. Andrei Grachev, Managing Partner of DWF Labs, shared with the outlet why the company intensified its activities:
'We believe that this bearish crypto market—this turbulent market—is the best time to join the investment space.'
DWF Labs follows a holistic investment strategy, offering blockchain projects not just venture capital but also crypto market making services and a vast ecosystem of partners and resources. This approach helps Web3 startups gain stability and crypto liquidity for their tokens in uncertain markets, supporting long-term growth.
Beyond blockchain infrastructure, DWF Labs is also exploring investments in AI-powered crypto projects and gamified finance (GameFi), two emerging sectors set to redefine crypto adoption. In recent months, DWF Labs led several high-profile crypto venture funding rounds, including:
- $40 million for tomi, a decentralised autonomous organisation (DAO) building an alternative, censorship-resistant internet.
- $20 million for Synthetix, a DeFi protocol that provides liquidity, infrastructure, and derivative-based products for users and other protocols.
- $40 million for Fetch.ai, an AI-focused crypto protocol integrating machine learning with blockchain technology.
Such a proactive approach demonstrates our belief for decentralised technologies. By continuing to back high-potential Web3 projects, DWF Labs supports blockchain innovation and further adoption of cryptocurrencies.
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