The decision to add the options suggests growing investor interest in derivatives tied to alternative cryptocurrencies. TON is the native cryptocurrency of the decentralized layer 1 blockchain The Open Network.
The past few weeks have been quite a rollercoaster for the crypto market as we witnessed the collapse of FTX and its sister trading firm Alameda Research. However, this has not deterred long-term crypto investors from allocating funds towards potential projects.
"We have a long way to go before DeFi, and even decentralized exchanges, see mass adoption,” says Andrei Grachev, managing partner at DWF Labs, a digital assets market maker and Web3 investor based in Zug, Switzerland. They were part of the Industry Recovery Fund, launched by Asian cryptocurrency exchange Binance last month.
There was a time when data was considered to be the new oil, but the expectation was short lived as all traditional industries realised that only "good data" was actually valuable. When it comes to financial projections, good data quality is essential to avoid a wide discrepancy between projected numbers and actual figures.
DWF Labs, the most significant market maker in the blockchain business, has emerged as a prominent proponent of troubled Web3 protocols as the industry attempts to rebound from its current bearish position. DWF Labs has committed an initial $15 million to the Web3 Industry Recovery Initiative, which is run by Binance Labs, in order to aid in the recovery of struggling protocols.
SEOUL, South Korea, Nov. 28, 2022 /PRNewswire/ -- As the Web3 market recovers from the latest crypto fiasco, a new channel partnership emerges between DWF Labs and Chainlink Labs, with a clear mission to build a world powered by truth. Through principled academic research and a sharp user-centric focus to empower adoption of smart contract innovation, this channel partnership is set to further build and strengthen the Web3 ecosystem, providing more enterprises with a universal gateway to all blockchains.
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