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.
At TOKEN2049 Dubai 2024, Andrei Grachev, Managing Partner of DWF Labs, shared during his keynote speech ‘Crypto: Waves, Institutions, and Degens.’ The session provided a comprehensive analysis of crypto market trends, institutional adoption, and the speculative nature of memecoin crypto assets. Keep reading to discover some of the key takeaways.
Understanding Crypto Market Cycles
Grachev began by emphasizing the importance of understanding past market movements to predict future trends. He highlighted that 2023 was generally marked by relative stability, with minimal volatility. However, this period also saw venture capital and retail investors pursuing high-risk strategies to generate returns.
The latter half of 2023 witnessed a resurgence in crypto activity, driven by institutional investors strategically deploying capital. This led to significant price movements in assets like Bitcoin, with retail traders following suit through high-leverage trades. The announcement of Bitcoin ETFs played a key role in boosting market sentiment, attracting a new wave of investors previously hesitant because of regulatory concerns.
Memecoin Buzz on Solana and Volatility
One of the most notable trends was the explosion of memecoins on Solana, led by the meteoric rise of Bonk. This success inspired the launch of over 25,000 new memecoins, resulting in unprecedented trading volumes.
Grachev also discussed the role of excessive leverage in fueling high-risk trading, which led to a cycle of rapid gains and losses. He pointed out that while some traders made significant profits, the majority faced heavy losses due to market swings. His insights on memecoins and leverage trading emphasized how crypto markets can be driven by sentiment, heavily influenced by media and social networks.
Real-World Assets and Institutional Adoption
The tokenisation of real-world assets (RWAs) emerged as a key trend, with institutions like BlackRock exploring blockchain integration. Grachev highlighted the growing adoption of stablecoins and tokenized bonds, which are bridging the gap between traditional finance and decentralized finance (DeFi).
Future Trends and Final Thoughts on Navigating Volatility
Looking ahead, Grachev identified Ethereum ETFs, decentralised exchanges (DEXs), and Layer 2 solutions as potential drivers of the Web3 ecosystem. He advised investors to monitor institutional adoption, as institutional involvement can shape market narratives. Additionally, the growth of DeFi and gaming ecosystems presents new opportunities for innovation and investment.
Grachev concluded by reminding the audience that crypto remains a highly volatile asset class. He stressed the importance of risk management and independent research, as market cycles can sometimes be driven by emotion rather than research-backed findings. His insights provided a balanced perspective on navigating the complexities of the blockchain space.
DWF Labs, the new generation Web3 investor and market maker, will be onboarding as Klaytn’s latest Governance Council (GC) member, with their GC membership application having passed on-chain voting with 98% in favor.
Proud to be onboarded as a Governance Council member at @klaytn_official, where DWF Labs will be strategically working with the Klaytn team to drive innovation and growth 🤝
— DWF Labs (@DWFLabs) April 23, 2024
Looking forward to working together towards a more accessible and dynamic blockchain environment 🫡 https://t.co/UpD8Qf1bdP
In a move to demonstrate their commitment to fortifying crypto liquidity and fostering expansive growth within the Kaia ecosystem, DWF Labs will be independently acquiring the 5 million KLAY, Klaytn’s native cryptocurrency, required to function as a Core Cell Operator (CCO).
As a GC member, we will collaborate closely with the Klaytn foundation to invigorate the ecosystem by:
- Acting as a bridge to mobilise resources from their portfolio companies.
- Providing guidance and support to help promising projects achieve success.
- Injecting and optimizing crypto liquidity to foster a dynamic decentralised market.
- Organizing D2I programs to boost upcoming key sectors.
- Planning joint crypto events to augment visibility and foster community growth.
‘We are excited to welcome DWF Labs to the Governance Council,’ said Sam Seo, Representative Director of Klaytn Foundation. ‘With our chain merge with Finschia right on the horizon, the timing is perfect for DWF Labs to bring their industry-leading expertise to bear and launch our newly-merged ecosystem into prominence across Asia’s Web3 scene.’
Andrei Grachev, Managing Partner of DWF Labs, added:
‘We are proud to join the Klaytn Governance Council, as our commitment to leverage our expertise in market making and incubation to support the growth of Asia's largest Web3 ecosystem. This partnership aligns with our vision of fostering innovation and driving blockchain adoption. By integrating with Klaytn and contributing to the upcoming chain merge with Finschia, we aim to create a more accessible and dynamic blockchain environment.’
The chain merge between Klaytn and Finschia is poised to create Asia’s largest Web3 ecosystem, with over 420 dapps and a potential user base exceeding 250 million by way of Klaytn’s integration with KakaoTalk and Finschia’s with LINE, two leading messenger applications in Asia. By enabling seamless Web3 access through popular messaging apps, coupled with DWF Labs’s unparalleled crypto market making and incubation capabilities, the upcoming merged chain will be uniquely positioned to drive blockchain mass adoption across Asia.
This award highlights our company’s high quality of crypto market making services