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- So-Col raised $4.5 million in two rounds. Investors include DWF Labs and Blockchain Capital.
- Both rounds were token rounds, So-Col founder Irene Zhao told The Block.
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The funding round was led by market maker and investment firm DWF Labs and gives the firm a valuation of $400 million.
Blockchain firm Radix Tokens has raised $10 million in fresh funding ahead of the introduction of its Babylon mainnet, which will allow smart contract capability on the Radix network for the first time.
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Tomi's aim is to "kick off a clean slate for the internet," using its DAO governance model to promote freedom of speech and access to uncensored information
Decentralized autonomous organization (DAO) tomi, which is aiming to build an alternative internet network, has raised $40 million led by digital asset market maker DWF Labs.
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How do you build a winning investment strategy?
Andrei Grachev’s DWF Labs has emerged as one of the most prominent backers of startups in the Web3 space. Bear market conditions hampering crypto over the past year have done nothing to dampen its belief in the promise of a decentralized web. So, while other VCs have exercised more prudence in their investment strategies, DWF seems to have thrown caution to the wind, growing its portfolio to more than 50 Web3 projects over the last year.
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DWF Labs purchased $15 million worth of Synthetix's native token SNX on March 16 with a further purchase of $5 million to follow
Market maker and investment firm DWF Labs is making a $20 million investment in on-chain liquidity and derivatives trading protocol Synthetix.
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- On November 24, 2022, we launched the Industry Recovery Initiative (IRI) as part of our ongoing effort to support the crypto industry after a difficult year.
- Three months later, the IRI is backed by 18 organizations that have jointly committed $1.1 billion.
- At the time of writing, IRI participants have funded 14 projects, with another 57 in due diligence. Applications for support from the IRI are still open.
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