Web3 and DWF Labs to Invest $10 Million in Blockchain Platform Conflux
On March 1, the Web3 venture capital institution and the global digital asset market maker DWF Labs announced that they would invest US $10 million in the bloc…
On March 1, the Web3 venture capital institution and the global digital asset market maker DWF Labs announced that they would invest US $10 million in the blockchain platform Conflux. With the investment of DWF Labs, Conflux can expand its technology and increase the number of users, helping to further realize its mission of bringing the benefits of blockchain to global users. DWF Labs, a subsidiary of Digital Wave Finance, provides support for the invested companies to launch Token, market making and OTC trading solutions. DWF Labs has offices in Singapore, Switzerland, the United Arab Emirates, Hong Kong, South Korea and the British Virgin Islands
Venture capital firm DWF Labs announced an investment of US $10 million in Conflux
Interpretation of the news:
Web3, a venture capital institution focusing on investing in blockchain technology, has joined hands with DWF Labs, a global digital asset market maker, to invest $10 million in the blockchain platform Conflux. With this investment, Conflux will be able to expand its technology and attract more users, ultimately realizing its mission of bringing blockchain benefits to global users.
Conflux is a blockchain platform that allows users to easily build and deploy decentralized applications. It offers a high-performance, secure, and scalable network that supports smart contracts and cross-chain interoperability, making it an ideal platform for enterprise and institutional use cases. The platform is already being used by several enterprises for various applications, including supply chain management and digital identity verification.
The investment from DWF Labs will not only enable Conflux to expand its technology but also make it accessible to a larger user base. DWF Labs, a subsidiary of Digital Wave Finance, provides support to companies it invests in, helping them launch their tokens, create market-making solutions and offer OTC trading solutions. DWF has a strong presence in several countries, including Singapore, Switzerland, the United Arab Emirates, Hong Kong, South Korea, and the British Virgin Islands.
This investment also highlights the growing interest and confidence in blockchain technology and its potential to transform the current financial ecosystem. DWF Labs and Web3 are both recognized players in blockchain technology, and their investment in Conflux reinforces the potential of the platform to become a major player in the blockchain ecosystem.
In conclusion, the partnership between Web3 and DWF Labs to invest in Conflux signals a new era of growth and development in the blockchain industry. With this investment, Conflux will be poised to expand its technology and reach a larger user base, helping to further its mission of bringing the benefits of blockchain to users worldwide.
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