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.
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.