Dubai-based crypto market maker and investor DWF Labs has introduced the launch of a $250 million Liquid Fund aimed toward increasing blockchain tasks of various sizes.
In keeping with a press launch shared with CryptoPotato, the fund will present investments starting from $10 million to $50 million per mission, with a concentrate on accelerating Web3 adoption.
“DWF Labs, the brand new era crypto market maker and investor, is happy to announce the launch of their Liquid Fund aimed toward accelerating the adoption and enlargement of mid and large-cap crypto tasks,” learn the announcement.
The Liquid Fund
Identified for its lively position within the crypto funding house, the market maker has already allotted over $11 million to blockchain initiatives within the final two weeks alone. As a part of this motion, it’s making ready to finalize two funding agreements, one for $25 million and one other for $10 million, with additional bulletins anticipated quickly.
The initiative is designed to supply each monetary assist and ecosystem growth for blockchain tasks that drive broader adoption. Every funding will embody a tailor-made technique, masking stablecoin TVL and ecosystem enlargement to reinforce liquidity and decentralized finance (DeFi) exercise for Layer 1 and Layer 2 networks.
It should additionally assist lending market growth to strengthen monetary infrastructure, PR, and model amplification to extend visibility, in addition to a go-to-market technique to draw merchants and develop tokenholder participation.
“Via this fund, we’re doubling down on our mission to speed up Web3 innovation and adoption,” mentioned Andrei Grachev, Managing Companion at DWF Labs. “We imagine that strategic capital, coupled with hands-on ecosystem growth, is the important thing to unlocking the subsequent wave of development for the {industry},” he added.
DWF Labs’s Historical past
DWF Labs has been a key participant in scaling blockchain ecosystems, having supported a number of different industry-leading ventures.
The corporate has partnered with over 700 tasks, offering liquidity and market-making companies throughout 60 centralized and decentralized exchanges. This contains investing in tokens starting from meme cash to blue-chip cryptocurrencies. The $250 million fund will mark the subsequent section of its dedication to creating long-term worth creation within the crypto house.
The event comes over a month after the 0G Basis launched an $88 million ecosystem fund to speed up tasks creating AI-powered DeFi functions and autonomous brokers, also called DeFAI brokers. The mission has obtained backing from strategic buyers, together with Hack VC, Delphi Ventures, Bankless Ventures, and OKX Ventures.
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