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 |
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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
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