China Blockchain Conflux Gains $10M Investment From DWF

Conflux, which recently agreed to build blockchain-based SIM cards with China's second-largest wireless carrier, received a $10 million investment from DWF Labs, a digital asset market maker and investment firm.

DWF Labs bought tokens of the China-based blockchain platform, which claims to be the only crypto company with approval to operate in the country after the government banned all crypto products in 2021.

"Conflux's recent partnership with China Telecom is a major milestone for the blockchain industry, and we believe that it demonstrates the potential for Conflux's technology to revolutionize how we think about blockchain-enabled products and services,” DWF Labs managing partner Andrei Grachev said in a statement.

✨Founders' Spotlight✨
Featuring: Kevin Chang (CEO, Mars:Metaverse)

Mars:Metaverse is developing a metaverse platform where everyone can make their dreams come true 🪐

We're excited to support the vision to create spaces where experience turns into value through access to new worlds ✨

In this interview, we had a chance to chat with Kevin:
🔸 How the project started
🔸 Biggest learning about building in this space
🔸 Upcoming plans in 2023

Full read here.

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About Mars:Metaverse:
▫️Mars:Metaverse aims to be a AAA project that encompasses the blockchain ecosystem, including gaming, e-commerce, performances, virtual business, social networking service (SNS), social networking gaming (SNG), and so on. The ecosystem is designed to ensure that all the users of the platform can earn MRST through Play-and-Earn (PAE) system.

Find out more here.

Conflux token jumps 9% following $10 million token round with DWF Labs

The developer behind Conflux Network has raised $10 million from DWF labs. Its native token, CFX, gained 9.6% following the announcement.

DWF Labs purchased CFX from the project's team and foundation reserve. The tokens will "linearly unlock" over an unspecified period, said Fan Long, Conflux co-founder. The Layer 1 blockchain will use the funding to build out its tech stack and expand its user base.

CFX was trading for $0.231 by 4:30 a.m. EST, up around 9.3% over the past few hours, according to TradingView data.

Updated: The CFX token has since gained 18% following the announcement.

[23 Feb to 1 Mar] DWF Crypto Snapshot

Our latest #crypto report by DWF Labs Managing Partner Andrei Grachev is up.

Here's your weekly round up 💫

💠 Conflux Network token jumps 9% following $10 million token round with DWF Labs
💠 #Lightning Network Integration Drives #Bitcoin Payment Utility
💠DWF Labs Push For NFT Utility Through Latest Partnership With SIX Network
💠Ethereum Derivatives Charts Reveal Upcoming #Bullish Sentiments
💠The TON #Community Says ‘Aye’ To Freezing Early Mining Wallets
💠DWF Labs Launches Partnership With Beldex Network For Greater #Privacy Measures
💠Focusing On DeFi Is Key To TON’s Success, Says First Stage Labs’ Report (TON Foundation)
💠Market Makers Make The #Market…And Cocktails? Yes, Says Participants At European Convention

Full read here.

Missed last week's snapshot? Read here.
Follow us on Medium here.

It was exciting to connect with projects and partners in our very first meet & greet event in Dubai last weekend.

We were also pleased to announce our partnership with DMCC Crypto Centre to offer a new USD $5 million growth platform for Web3 and blockchain businesses.

As a new ecosystem partner, DWF Ventures Studio will support nascent Web3 and blockchain businesses using the DMCC Crypto Centre and Dubai as a hub from which they can scale their operations locally, regionally and globally 🚀

We're definitely looking forward to build many great things this year.

Connect with us if you are building or planning to build in Dubai! 💥

Full announcement here.

BIT x DWF Labs

Crypto Snapshot [3 Mar]

Highlights:

🔸 #Bitcoin’s Current Outlook Shows Continued Positivity Amongst Investors
🔸#Ethereum Derivatives Charts Reveal Upcoming Bullish Sentiments
🔸Bitcoin Funds Remain Attractive To Institutional Players, Says Spokespersons

Learn more: https://lnkd.in/gJ5ja6KK

​TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news over the past seven days.

Network stats update:

▪️ The number of new accounts created on TON from Feb. 26 to March 4 grew from 2,214,612 to 2,243,572 (+1.3%).

News:

▪️ Auditing platform CertiK published an article called “Secure Smart Contract Programming in FunC: Top 10 Tips for TON Developers” for FunC developers.

▪️ TON Rocket launched a P2P market. Read more.

▪️ Toncoin was listed on the Azbit.com crypto exchange. Read more.

▪️ The TON blockchain was nominated for two awards at AIBC Awards Eurasia 2023 in the “Blockchain Protocol of the Year” and “Developer Community of the Year” categories. You can vote for TON by visiting this link. Read more.

▪️ The GAGARIN launchpad launched on-chain staking based on smart contracts. Read more.

Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications for this channel. You won’t want to miss a thing!

Building or looking to build in the MENA region?

We've just partnered with DMCC Crypto Centre with our launch of a $5 million platform seeking to back web3 and blockchain businesses.

“Through this partnership, we aim to invest in 50 startups operating in the web3 space, with multiple additional investments for the best-performing companies, and a $500,000 investment for the cohort’s most prominent business,” said Andrei Grachev, Managing Partner of DWF Labs.

Full read here: https://www.nftgators.com/what-makes-saudi-arabia-and-uae-tech-innovation-hubs/

We're excited to be able to support the mission of Tonstarter in bringing #builders, #community and #capital together to accelerate the growth of #TON ecosystem.

Let's keep working towards building a future for TON together! ✨

Full announcement here.

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About Tonstarter:
▫️Tonstarter is the first TON-native launchpad, enabling crypto projects to raise capital in a decentralized, safe, and user-friendly environment.

Find out more here.

[2 Mar to 8 Mar] DWF Crypto Snapshot

Our latest #crypto report is up.

Check out this weekly round up 🔥

💠 It’s Time For Bitcoin To Shine In The #NFT Spotlight As Ordinals Interest Grows
💠Celo Foundation Network Brings Easier Finance Access Via Mobile Phones, Says Celo President
💠DWF Labs Launches DWF Ventures Studios To Support Dubai-Based Startups
💠Bitcoin Sees More Utility Adoption, This Time In The #UAE
💠Trade TON Foundation Tokens On Telegram With Its Newest P2P Function
💠The Open Network Launches Its First Content #NFT Platform On TON
💠Celo Network Brings Soulbound #Tokens On-Chain With Latest Partnership
💠Americans Keep Calm And #Hodl On In Coinbase’s Latest Survey
💠DWF Labs Drives Global Connectivity With Latest WiFi Map Partnership

Full read here.

Missed last week's snapshot? Read here.
Follow us on Medium here.

Stay up-to-date on the latest DWF Labs updates:
Website | Twitter | Linkedin | Telegram

We are excited to announce a strategic partnership with LEND 🚀

This partnership marks an exciting development for this DeFi ecosystem. It will help LEND achieve its mission of creating a seamless cross-chain and fully inclusive DeFi experience while also providing users with an opportunity to earn rewards for lending or borrowing through the protocol.

Full announcement here.

//

About LEND:
▫️LEND is a cross-chain DeFi lending protocol that seeks to seamlessly link all DeFi lenders and borrowers across different chains from a single DAPP. It will create a one-stop liquidity hub, unifying the $50B DeFi market. LEND will launch initially on Ethereum, BNB Chain, and Polygon, with plans to expand to Aptos, Sui, and other EVM chains soon after launch.

Find out more here.

BIT x DWF Labs

Crypto Snapshot [10 Mar] 📰

Highlights:
🔸Liquid #Staking Is The New Black In The #DeFi Sector
🔸Slight Price Correction Fails To Dampen Market Optimism For Further Upside
🔸Marketplace Tussle Drives #Ethereum #NFT Trading To Pre-Downturn Levels
🔸It’s Time For #Bitcoin To Shine In The NFT Spotlight As Ordinals Interest Grows

Full read here.

​TON Community Weekly Digest

Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) ecosystem.

Network stats update:

▪️ The number of registered TON accounts increased from 2,252,607 to 2,307,431 (+2.4%) between March 6 and March 12.

News:

▪️ Toncoin (TON) entered the top five non-EVM coins by daily trading volume. Read more.

▪️ The TON & Company YouTube channel relaunched. Read more.

▪️ Part II of the Hack-a-TON x DoraHacks live events report was published. Read more.

▪️ A summary of the most useful programs and tools for TON developers and creators was shared. Read more.

▪️ TegroFinance, a decentralized automated market maker (AMM) built on TON, launched an updated public API.

Subscribe and be the first to receive updates from The Open Network (TON) ecosystem.

What will the shutdown of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank mean for the crypto industry?

Experts say that crypto banking still has plenty of options, ranging from alternative banks to on-chain banking.

Managing Partner of DWF Labs, Andrei Grachev stated, “Crypto liquidity is likely to take a hit in the short-term but this is an opportunity for new innovative challenger banks to step up and take the place of SVB, Silvergate and Signature."

Full read here.

WOM Protocol Gains Strategic Investment for Web3 Social Revolution

We're pleased to announce our #investment in blockchain-based marketing technology WOM Protocol!

According to Andrei Grachev, Managing Partner of DWF Labs: “We see tremendous potential in WOM Protocol’s #innovative approach to word-of-mouth marketing. The Protocol’s ability to authenticate recommendations, incentivize creators, and reward authenticators and platforms has the potential to revolutionize the way brands and creators connect with their audiences. We are excited to be a part of this groundbreaking project and look forward to seeing the impact it will have on the industry.”

This strategic investment supports the scaling of the WOM Protocol and kickstarts a partnership to further the mission of empowering #brands, creators, publishers, and #social networks.

Congratulations Tonstarter on closing a $1.5 million investment seed round! 🎉

We're proud to support your mission to unite #builders, #community, and #capital to accelerate the #growth of TON ecosystem ⚡

It's exciting to be building a bright future together 🫡

Full announcement here.

Crypto infrastructure provider Orbs raising $10 million from DWF Labs in token round

"Orbs is a highly promising project within the TON ecosystem, and we are pleased to invest in their vision for the future of decentralized finance," Andrei Grachev, managing partner at DWF Labs, said.

DWF Labs will purchase Orbs tokens worth up to $10 million, the web3 investment firm said Tuesday. The first tranche of the total investment settled today, Orbs CEO Nadav Shemesh told The Block. He added that the rest of the investment will be "made over time to average price."

With DWF's investment, Orbs plans to continue developing its infrastructure to grow adoption, both on Ethereum Virtual Machine (EVM) chains and on The Open Network (TON), Shemesh said. Orbs recently started building on TON as the first non-EVM Layer 1.

[9 Mar to 15 Mar] DWF Crypto Snapshot

Our latest #crypto report by DWF Labs Managing Partner Andrei Grachev is up.

Here's your weekly round up 💫

💠 Global Institutions Continue To Build #Web3 Partnerships Despite Market Volatility
💠DWF Labs Unlocks The Potential Of Decentralized #Advertising With Latest Investment Round in WOM Protocol
💠DWF Labs Concludes Investment In Orbs Via US$10M #Token Sale
💠Investments Into #DeFi Increased Despite The #Bear Market In 2022, Says CoinGecko
💠DWF Labs Successfully Participates In Tonstarter Seed Funding As A Key #Investor
💠Bifrost Finance (PILAB Technology, Inc. (BIFROST)) Sees A Jump In #TVL After Launching 5.0 #Community Campaign
💠DWF Labs Drives Lending #Utility Via Its Latest #Partnership with LEND

Full read here.

Missed last week's snapshot? Read here.
Follow us on Medium here.

Stay up-to-date on the latest DWF Labs updates:
Website | Twitter | Linkedin | Telegram

ORBS Token Rises 15% After DWF Labs Invests $10M

Market maker and investment firm DWF Labs has invested $10 million in blockchain infrastructure provider Orbs Network through a token sale, news that sent the native ORBS token, which has an $85 million market cap, up close to 15% to 3.4 cents.

"Orbs is a highly promising project within the TON ecosystem, and we are pleased to invest in their vision for the future of decentralized finance. Their dTWAP protocol for decentralized exchanges and their contributions to the TON ecosystem demonstrate their commitment to advancing the potential for growth and innovation in the space,” DWF Labs partner Andrei Grachev said in a statement.

Full read here.

It's been three months since Binance launched the Industry Recovery Initiative (IRI) as part of their ongoing effort to help rebuild the crypto industry after a difficult year and to protect users.

The IRI is currently backed by 18 organizations, including DWF Labs that have jointly committed $1.1bn.

“While the market is suffering from crypto winter, we’re happy to be a part of the IRI, because it’s an opportunity for us and other responsible market players to find and support bright and promising projects,” said Andrei Grachev, managing partner of DWF Labs.

Over the last three months, DWF has issued four grants from its IRI fund, providing financial support to Web3 projects MXC and Symbiosis, among others.

Full read here.

Note: We're always open to invest and support bold founders who want to build the future of Web3. If you are/ know of a founder in this space, drop us a note on our website here and we'd love to have a chat.

We have just finalized an agreement with the Synthetix Treasury Council (Synthetix) to provide liquidity & market make SNX tokens on centralized and decentralised exchanges.

We're thrilled to announce our commitment to being an active member of the Synthetix protocol in a number of ways including:
- Integrate and trade Synthetix perps
- Participating in SNX Governance during the Epoch Elections
- Participate in community and product dialogue

Looking forward to a great partnership with Synthetix and are excited about deepening SNX’s liquidity across the industry! 🔥

Read the full announcement here.