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DWF Labs X Conflux
In a significant move, DWF Labs, a global digital asset market maker, and Web3 investment firm, has reaffirmed its commitment to Conflux, a Layer-1 blockchain utilizing the tree-graph consensus algorithm. With Conflux making substantial strides through key partnerships, such as the collaboration with China Telecom, DWF Labs has doubled down on the project, bringing its total investment to $28 million.
Having previously purchased $10 million worth of CFX tokens in March, DWF Labs solidifies its long-term relationship with Conflux by acquiring an additional $18 million. This investment aims to support Conflux's expansion plans and capitalize on its recent achievements.
Conflux has been actively involved in various initiatives, including joining Hong Kong's Web3 Institute and participating in the Singapore Digital Economy Roundtable organized by the Singaporean Government. Furthermore, Conflux has played a leading role in drafting the international blockchain standard IEEE P3217 and has formed partnerships with Supremacy, dappOS, NuLink, Smooth Labs, and Opside.
DWF Labs' contributions have played a pivotal role in establishing Conflux's global presence. The blockchain project has secured partnerships with prominent entities like Floki, Worldcoin, Blockbank, and Luganodes, among others. Together, DWF Labs and Conflux have co-hosted multiple events in different cities, fostering collaboration and industry networking.
Fan Long, Co-Founder of Conflux Network, expressed enthusiasm about the capital infusion, stating that it strengthens their bond with DWF Labs and fuels their shared ambition to expand the Conflux ecosystem. The raised funds will be used to drive ecosystem growth in Asia and Hong Kong, support developer communities, and bring more real-world assets onto the Conflux chain.
Andrei Grachev, Managing Partner of DWF Labs, highlighted their pride in supporting Conflux's remarkable growth. He emphasized their commitment to backing projects with immense potential and providing the necessary support to fill the gaps in the Web3 landscape. Grachev credited their deep understanding of the crypto market for enabling Conflux to realize its potential on a global scale.
With DWF Labs' substantial investment and ongoing collaboration, Conflux is poised to continue its upward trajectory and strengthen its position in the blockchain industry.
What is Conflux:
Conflux is a Layer 1 blockchain that enables decentralized economies to connect across borders and protocols. Recently transitioned to a hybrid PoW/PoS consensus mechanism, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.
As the only regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects looking to build and expand in Asia. It has partnered with renowned global brands and government entities in the region for various blockchain and metaverse initiatives, notably the city of Shanghai, McDonald's China, and Oreo.
Where to find Conflux:
Website | Twitter |
What is DWF Labs:
DWF Labs is a global digital asset market maker and multi-stage web3 investment firm, extending assistance from token listing to market making and OTC trading solutions. Their objective is to invest in and support visionary founders who aspire to shape the future of Web3.
Where to find DWF Labs:
Website | Twitter |