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.’
We are proud to share that DWF Labs is featured in the latest Crypto Oasis Ecosystem Report 2023—Spring Edition. This report, published by Crypto Oasis in collaboration with Roland Berger, offers in-depth insights into the remarkable progress of the Middle East and North Africa (MENA) region in embracing Web3 and blockchain technologies.
The report highlights the impact of these technologies in creating a more decentralised, democratised, and inclusive global economy, with an emphasis on trust, transparency, and sustainability. As a leading player in the Web3 ecosystem, DWF Labs has been recognised for our commitment to accelerating Web3 adoption and ecosystem support in the MENA region. In particular, we collaborate with the UAE’s DMCC Crypto Centre on attracting and supporting promising blockchain projects.
Our Managing Partner, Andrei Grachev, stressed the importance of supporting infrastructure projects that bridge the gap between Web2 and Web3, facilitating widespread adoption. At DWF Labs, we are dedicated to investing across diverse verticals, such as infrastructure, GameFi, memecoins, AI x Crypto, and DeFi, ensuring confidence in the entire Web3 ecosystem and solidifying our role as a pillar for growth.
With a strategic investment direction and strong partnerships in the region, including collaborations with major governmental agencies such as DMCC, we, at DWF Labs, are actively working towards supporting innovation and creating a supportive environment for Web3 projects. Our ecosystem approach also emphasises collaboration among our portfolio projects, enabling synergies that benefit the broader Web3 landscape.
Read the Crypto Oasis Ecosystem Report 2023—Spring Edition to gain the latest insights on the UAE’s advancements in Web3 and explore the role we play in supporting this transformative journey.
Alchemy Pay, a payments provider headquartered in Singapore, has secured a $10 million investment from a market making and crypto venture capital firm DWF Labs, positioning the startup at a $400 million valuation as it prepares to expand its operations in South Korea.
The project, which enables other cryptocurrency companies to access the fiat payment system, plans to leverage South Korea’s high rate of crypto adoption to assist local enterprises in pursuing greater international opportunities, according to a statement provided to CoinDesk. The company’s portfolio includes previous collaborations with major players such as Visa, Mastercard, Google Pay, and Apple Pay.
In a recent development, crypto exchange OKX integrated Alchemy Pay into its platform, simplifying the process for customers to purchase cryptocurrency using their local currencies.
This $10 million injection is part of a robust investment streak by DWF Labs, which has participated in eight funding rounds of at least $10 million for crypto and Web3 projects over the past six weeks, totaling $165 million.
DWF Labs’ Managing Partner, Andrei Grachev, commented on the deal, saying that the current bearish market represents ‘the best time to join the investment space,’ adding, ‘We accumulated enough funds from our profits to invest in projects now.’
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. Many 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 funding. Andrei Grachev, Managing Partner of DWF Labs, shared with CoinDesk:
‘We believe that this bearish 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, we are 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, we support market innovation and further blockchain adoption.