DWF Labs joins the Klaytn Governance Council

PR Newswire

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 🤝

Looking forward to working together towards a more accessible and dynamic blockchain environment 🫡 https://t.co/UpD8Qf1bdP
— DWF Labs (@DWFLabs) April 23, 2024

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.

: 19 April 2024

DWF Labs joins the Klaytn Governance Council

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