In a strategic move to drive growth and advance crypto projects, Dubai-based new-generation Web3 investor and market maker DWF Labs has launched a $250 million Liquid Fund to boost the growth of medium and large-scale crypto projects.
DWF Invests in Web3
Venturing into Web3 crypto projects is part of the firm’s scheme to provide recognizable and sustainable contributions to the crypto industry as a market maker. DWF Labs invests between $10 million and $50 million for each blockchain project, this indicates growing confidence in the fledgling blockchain technology, as the industry depends largely on innovation and capital.
The market maker is poised to launch $10 million and $25 million projects respectively as part of the $250 million Liquid Fund which the firm plans to announce in the coming months. The fund will be geared towards supporting projects that are driving real-world crypto adoption and effecting positive change in the industry.
Speaking for DWF Labs about the latest launch, managing partner at DWF Labs Andrei Grachev said
“We believe that strategic capital, coupled with hands-on ecosystem development is the key to unlocking the next wave of growth for the industry… Through this fund, we are doubling down on our mission to accelerate Web3 innovation and adoption.”
Founded in 2022, DWF Labs is a high-frequency market maker in the crypto industry. The company trades derivatives and spot markets on over 60 exchanges and has over 700 projects in its portfolio.
Securing a spot as a market maker in the industry connotes that the firm deposits its token on exchanges by buying projects’ native tokens for several millions of dollars. This approach has attracted criticism from industry players as it varies from the traditional venture capital model of investing to gain equity.
Rising Confidence in Web3
Despite the market downturn, several institutional investors have indicated unwavering confidence in the rapidly growing Web3 industry.
In a similar development, popular crypto exchange OKX invested $5 million in The Open Network (TON) as financial support to foster growth in the TON ecosystem, and as part of its $10 million Telegram Growth Hub.
