SINGAPORE, April 19,
2024 /PRNewswire/ -- DWF Labs, a new generation Web3
investor, will be onboarding as Klaytn's latest Governance Council
(GC) member, with their GC membership application having passed
on-chain voting with 98% in favor. In a bold move to demonstrate
their commitment to fortifying liquidity and fostering expansive
growth within the Klaytn ecosystem, DWF Labs will be independently
acquiring the 5 million $KLAY required to function as a Core Cell
Operator (CCO).
As a GC member, DWF Labs will strategically drive innovation and
growth, fostering a dynamic synergy that aims to elevate the
ecosystem to new heights. Leveraging their deep industry
experience, technical acumen and impressive portfolio, DWF Labs
will collaborate closely with the foundation to invigorate the
ecosystem by:
- Acting as a bridge to mobilize resources from their portfolio
companies
- Providing guidance and support to help promising projects
achieve success
- Injecting and optimizing liquidity to foster a dynamic
decentralized market
- Organizing D2I programs to boost upcoming key sectors
- Planning joint events to augment visibility and foster
community growth
"We are excited to welcome DWF Labs to the Governance
Council," said Sam Seo,
Representative Director of Klaytn Foundation. "With our chain merge
with Finschia right on the horizon, the timing is perfect for DWF
Labs to bring their industry-leading expertise to bear and launch
our newly-merged ecosystem into prominence across Asia's Web3 scene."
"We are proud to join the Klaytn Governance Council, as our
commitment to leverage our expertise in market making and
incubation to support the growth of Asia's largest Web3 ecosystem," said
Andrei Grachev, Managing Partner of
DWF Labs. "This partnership aligns with our vision of fostering
innovation and driving blockchain adoption. By integrating with
Klaytn and contributing to the upcoming chain merge with Finschia,
we aim to create a more accessible and dynamic blockchain
environment."
The chain merge between Klaytn and Finschia is poised to create
Asia's largest Web3 ecosystem,
with over 420 DApps and a potential user base
exceeding 250 million by way of Klaytn's integration with Kakao and
Finschia's with LINE - two leading messenger applications in
Asia. By enabling seamless Web3
access through popular messaging apps, coupled with DWF Labs'
unparalleled market making and incubation capabilities, the
upcoming merged chain will be uniquely positioned to drive
blockchain mass adoption across Asia.
About DWF Labs
DWF Labs is the new generation Web3 investor and liquidity
provider, one of the world's largest high-frequency
cryptocurrency trading entities, which trades spot and
derivatives markets on over 60 top exchanges.
Website | Twitter | Portfolio | Telegram | Research |
Linkedin
About Klaytn
Developed by leading Korean IT company Kakao, Klaytn is a global
Layer 1 public blockchain designed to power tomorrow's on-chain
world. With the lowest transaction latency amongst leading
blockchains, enterprise-grade reliability, and a developer-friendly
environment, Klaytn provides a seamless experience for users and
developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating
blockchain mass adoption through a broad array of use cases from
DeFi to the metaverse, gaming, and even the Bank of
Korea's CBDC pilot project. Today, it is one of the only globally
competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion
transactions from over 300 decentralized
applications.
For media enquiries:
Klaytn Foundation: media@klaytn.foundation
DWF Labs: pr@dwf-labs.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/dwf-labs-joins-the-klaytn-governance-council-302116582.html
SOURCE Klaytn Foundation