The recent investment between DWF Labs and Coin98 caused the value of $C98 to skyrocket by more than 17% in just a few hours. In addition, DWF Labs is also mentioned a lot thanks to its investments in YGG or RACA.
So what stands out from DWF Labs? Let's find out with Allinstation!
What is DWF Labs?
DWF Labs is a fund, market maker (Market Maker) with facilities in Singapore, Switzerland, British Virgin Islands, United Arab Emirates, South Korea and Hong Kong.
This investment firm is an affiliate of Digital Wave Finance (DWF), one of the world's largest cryptocurrency exchange organizations.
DWF Labs provides liquidity financing services for businesses operating in the Web3 sector, provides support for listing on exchanges, along with a variety of other consulting services.
Although not as prominent as some other funds, DWF Labs has recently attracted attention with its participation in investing in projects like Coin98 or Fetch.ai.
DWF Labs' push-ups
DWF Labs is more widely known thanks to the Token $DODO or memecoin $LADYS which was boosted thanks to this investment fund's strong consolidation phase.
Specifically, on August 8, DWF Labs performed a series of actions to push Token to the exchange after receiving Token returned from the lockup. According to Lookonchain, in just 1 day, the value of $DODO skyrocketed by 33%!
The price of $DODO has increased by 33% today.
We noticed that 7 investors have claimed a total of 8.11M $DODO ($1.06M) in the past 24 hours.
And DWF Labs received 6M $DODO ($782K) from the $DODO Undistributed wallet.
Beware these addresses may sell $DODO at the top! pic.twitter.com/j5Qm5wwnDZ
— Lookonchain (@lookonchain) August 8, 2023
DWF Labs is buying$LADYS again!
DWF Labs bought 1.18T$LADYS using 50ETH ($100K) just now.
LFG ???????? @dwflabs @miladymemecoin https://t.co/TTjcjxv5ER https://t.co/jh0AG9X70s
— DMT???? (@DMTLAND_) May 13, 2023
In addition, earlier on August 6, DWF Labs also made a deposit $YGG to Binance, thereby contributing to a concrete push of more than 200% in a few days from Yield Gaming Guild's Token . Right after that, the value of $YGG also dropped rapidly because whales and funds, including DWF, conducted a Dump.
DWF Labs the last 3.65M $YGG ($2.1M) to #Binance 1 hour ago.
DWF Labs received a total of 29.13M $YGG ($16M) from Yield Guild Games Treasury in the past year and transferred all of $YGG to exchanges. https://t.co/ChF6p9L6sS pic.twitter.com/zV3dXb37P4
— Lookonchain (@lookonchain) August 6, 2023
Foundation team
DWF Labs' team is located in many different countries with a long background in decentralized finance, many of whom have worked at Binance, FTX, Gemini, JP Morgan or Paypal.
Prominent among them is Andrei Grachev, who served as CEO of Huobi in Russia.
Heng Yu Lee, partner of DWF Labs is a former JP Morgan.
In addition, Zac Zou, previously reached the position of Regional Trade Manager at OKX, a leading CEX exchange in the world.
Portfolio of DWF Labs
The Fund currently supports and invests in more than 100 projects. Most of them belong to the Infrastructure, DeFi and Metaverse array mainly.
Some outstanding projects
- Kava : Kava is a Layer 1 blockchain from Cosmos that offers a tool with great processing speed.
- SpaceID : Space ID is a domain name registration platform on the BNB Chain system. The project aims to provide users with a single identity for all networks.
- Coin98 : Coin98 is a cross-chain DeFi protocol with a product suite that includes Coin98 Wallet, Coin98 Exchange, and Coin98 Bridge. Recently, on 8/8, Coin98 also successfully conducted a Capital round with DWF Labs, although the number was not disclosed, this information caused the value of $C98 to skyrocket by more than 40%.
Read more: Coin98 raises millions of Capital from DWF Labs
- Flow : Flow is a Blockchain platform that integrates speed and decentralization. Its goal is to serve as a mainstream Blockchain platform for decentralized applications such as game Dapps, collectibles, and next-generation digital assets.
- Conflux: Conflux Network is an open protocol for DApps, DeFi , and Web3.
- BitDAO: Acting as a DAO (Decentralized Autonomous Organization), BitDAO aims to create a pathway for developers to participate in the decentralized economy. Its goal is to facilitate this by extending the system of Autonomous Entities (AEs). These AEs include Web3 teams and ventures, working on decentralized solutions in various fields including arts, games, finance, and education.
- Synthetix : Synthetix is a protocol created on top of Ethereum and leverages Optimism – a Layer 2 solution that scales on top of Ethereum – to provide Liquidation.
- Fetch.ai : Fetch.ai (FET) acts as a decentralized digital platform, running on the capabilities of artificial intelligence (AI) to automate activities in the economy. The components of this system are set up to perform actions efficiently, with support mainly from machine learning (ML) and artificial intelligence (AI) technologies.
summary
Allinstation answered your question what DWF Labs is and provided information about the DWF Labs fund. Let's learn and evaluate together to make the most informed investment decisions. Wish you luck!!!
Please note that this is not investment advice.
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