DWF Labs, a global digital asset market maker and multi-stage Web3 investment firm, has once again demonstrated its commitment to supporting the growth of the tree-graph consensus algorithm Layer-1 Blockchain Conflux. Recently, DWF Labs bought $18 million worth of CFX altcoins, solidifying the long-term relationship between the investment firm and Conflux. This comes after an initial investment of $10 million in CFX tokens in March 2023. Here are the details…
DWF Labs bought from CFX altcoin
Conflux has been gaining significant momentum since February 2023, fueled by strategic partnerships, including a key collaboration with China Telecom, announced on February 15. The partnership aims to develop a Blockchain SIM (BSIM) card and was first announced in May. These partnerships have contributed to Conflux’s growing traction and growing importance in the blockchain industry. In addition, Conflux is actively expanding its network and participating in important initiatives. The blockchain project recently joined Hong Kong’s Web3 Institute and attended the Singapore Digital Economy Meeting organized by the Singapore Government.
In addition, Conflux led the preparation of IEEE P3217, an international Blockchain standard created by the Institute of Electrical and Electronics Engineers. Conflux has also established several key partnerships that have contributed to the growth and development of its ecosystem. These partnerships include Supremacy, a Web3 security platform; dappOS, an operating protocol that manages crypto infrastructures for users; NuLink, a privacy-preserving technology that provides APIs for decentralized applications; Smooth Labs, a developer of a Layer 2 solution that supports parallel execution; and Opside, a decentralized ZK-RaaS network that includes the PoW of ZKP mining.
Relationship between DWF Labs and Conflux
DWF Labs’ efforts have played a pivotal role in positioning Conflux on the global stage. Conflux has established ecosystem partnerships with leading organizations such as Floki, Worldcoin, Blockbank, Luganodes, AirDAO, Mask and OpenEden. The project actively engages with these partners and encourages ongoing discussions for further cooperation. In addition, Conflux and DWF Labs have further increased Conflux’s growth and visibility by co-hosting multiple events in cities such as Hong Kong, Tokyo and Paris.
Andrei Grachev, Managing Partner of DWF Labs, highlighted the firm’s commitment to supporting Conflux throughout its impressive growth trajectory. As a global crypto asset market maker and Web3 investment firm, DWF Labs supports portfolio companies at various stages from token listing to market maker and OTC trading solutions. With offices in Singapore, Switzerland, UAE, Hong Kong, South Korea and BVI, DWF Labs is a member of Digital Wave Finance (DWF), which is consistently ranked among the top 5 trading institutions in terms of volume in the cryptocurrency world thanks to its proprietary technology for high-frequency trading. operates as a subsidiary.
