The first component of the partnership involves a $50 million ALGO token purchase agreement to, in part, provide liquidity into the Algorand ecosystem.

An additional MOU has been signed with the aim of allocating funds to support projects that are building on the Algorand blockchain in the spaces of DeFi, Art and Music, Gaming, Oracles and Bridges, and Infrastructure.

The Managing Partner of DWF Labs, Andrei Grachev, had the following to say about this collaboration:

“We selected Algorand because of its unparalleled level of technology and security among permissionless DLTs, as well as its leadership in environmental sustainability and social impact. Algorand’s blockchain infrastructure provides the speed and instant finality required for creators, financial institutions and governments to smoothly transition to the new digital economy at scale, in an environmentally responsible manner. This partnership with the Algorand Foundation is another important step in the maturation and growth of innovation in this space,” said Grachev.

About DWF Labs

DWF Labs is a global digital asset market maker and multi-stage web3 investment firm, providing support from token listing to market making to OTC trading solutions. DWF Labs seeks to invest and support bold founders who want to build the future of Web3.

About the Algorand Foundation

The Algorand Foundation empowers a dynamic, inclusive, and borderless global ecosystem – at scale – based on the Algorand blockchain technology. Designed by MIT professor and Turing Award winning cryptographer Silvio Micali, Algorand is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism achieves both security and scalability on a decentralized protocol, and without a second of downtime since it went live in 2019.

SOURCE:

https://chainwire.org/2023/06/26/dwf-labs-and-algorand-foundation-reach-strategic-partnership/

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As part of the collaboration, Alchemy Pay has secured $10M in funding, valuing the company at $400 million.

Furthermore, with Alchemy Pay gaining traction in the fast-growing cryptocurrency market, this latest investment round marks a significant milestone for the company. Therefore, the company’s platform enables merchants to accept payments in various cryptocurrencies, including Bitcoin, Ethereum, and USDT, making it easier for businesses to transact with their customers.

With the new funding, Alchemy Pay plans to accelerate the development of its platform and expand its global reach. Moreover, the company aims to enhance its services and build partnerships with cryptocurrency projects and exchanges to offer a comprehensive suite of payment solutions to customers.

Management Quote

“We are thrilled to have DWF Labs on board as a strategic investor and partner,” said John Tan, CEO of Alchemy Pay. “Their expertise and experience in the blockchain industry will be invaluable as we continue to grow and innovate our platform. This funding will help us further our mission of making cryptocurrency payments accessible to everyone, everywhere.”

However, the partnership with DWF Labs is a significant endorsement of Alchemy Pay’s business model and technology. The firm has a track record of investing in leading blockchain projects and has a deep understanding of the challenges and opportunities in the industry.

“We are excited to support Alchemy Pay’s vision of creating a more accessible and inclusive financial system,” said Tom Huang, Managing Partner of DWF Labs. “Their platform has the potential to revolutionize the way businesses and consumers transact in the digital economy. We look forward to working closely with the Alchemy Pay team to help them realize their full potential.”

Overall, this partnership and funding round are positive developments for the cryptocurrency payment space and highlight the growing interest and investment in blockchain-based solutions. Alchemy Pay’s innovative platform, supported by DWF Labs, positions the company to capitalize on the opportunities in this rapidly evolving market.

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AIOZ Network’s partnership with DWF Labs will create innovative solutions that harness the power of decentralized computing.

Partnership Highlights

This collaboration will focus on developing new use cases for blockchain technology in areas such as digital identity, supply chain management, and data security.

Furthermore, with a shared commitment to innovation and a focus on solving real-world challenges. The partners involved in this strategic collaboration are poised to make significant strides in their industry by leveraging their respective strengths and expertise.

AIOZ Network plans to leverage DWF Labs’ network of industry experts and entrepreneurs. Providing them with valuable insights and connections to accelerate their growth.

Both companies are excited about the opportunities it presents for them to collaborate and innovate in the blockchain space. Moreover, with this shared belief in the potential of collaboration, The individuals involved are committed to working towards their shared goal of advancing decentralized technologies and promoting wider adoption through joint efforts.

Overall, the two platforms represent a significant step forward in the evolution of blockchain technology. Users can expect to see many exciting developments emerge from this collaboration soon.

About DWF Labs

DWF Labs is a global digital asset market maker and multi-stage Web3 investment firm with offices in Singapore, Switzerland, the UAE, South Korea, and BVI. The platform is part of Digital Wave Finance, which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high-frequency trading. DWF Labs supports portfolio companies from token listing to market making to OTC trading solutions.

Website | Twitter

About AIOZ Network

AIOZ Network is a Layer1 Media blockchain, with full EVM compatibility and Cosmos Interoperability. That leverages collective nodes computing to power web3 decentralized media economy

Website | Twitter

SOURCE

https://blog.aioz.network/aioz-network-dwf-labs-partnership/

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The DWF Labs has invested $25M in Beldex which will be utilized to enhance its privacy technology and widen its scope of operations.

Beldex is a decentralized platform that enables users to transact anonymously without disclosing their identity. The platform uses a proprietary privacy protocol to protect user data and transactions from prying eyes. Beldex’s mission is to create a secure and private ecosystem for digital transactions.

DWF Labs’ investment in Beldex is a significant milestone for the startup. The funding will enable Beldex to further develop its privacy technology and expand its reach. The investment will also help Beldex to attract more customers and partners, which will in turn increase the platform’s usage and adoption.

Management Quote

The CEO of Beldex expressed her excitement about DWF Labs’ investment, stating, “Having DWF Labs as our investor is thrilling.” This investment is a validation of our vision and the work we have been doing to create a more private and secure digital world. With this funding, we will be able to accelerate our growth and continue to innovate in the privacy space.”

The CEO of DWF Labs, meanwhile, said that the firm is excited to be backing Beldex. “We believe that Beldex is at the forefront of the privacy revolution,” he said. “The platform has the potential to transform the way we transact online and we are excited to be a part of its journey.”

The investment in Beldex comes at a time when privacy concerns are at an all-time high. With increasing instances of data breaches and cyber attacks, users are looking for more secure ways to transact online. Beldex’s platform provides a solution to this problem by enabling users to transact anonymously and securely.

DWF Labs’ investment is a big boost for Beldex and highlights the increasing significance of privacy in the digital era. The funding will enable Beldex to continue growing and innovating in the privacy sector, positioning the company well for future success.

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DWF Labs is the investment arm of Digital Wave Finance (DWF), a leading high-frequency trading platform. That trades spot and derivatives in over 40 crypto exchanges. As a digital asset multi-stage web3 multi-product ecosystem. DWF Labs provides consulting, cybersecurity, smart contract audit process, debt-financing, treasury management and connections. Aside from different trading solutions such as token listing, over-the-counter (OTC) trading, and liquidity support for different clients. This is possible through their partners in different verticals.

As it seeks to support the founders who will build the future of web3. DWF Labs has supported over 50 web3 projects. And continues to collaborate with top crypto exchanges such as Binance, ByBit and many more.

“We have committed to support YGG as part of our vision towards a blockchain-based economy through web3,” said Andrei Grachev, Managing Partner at DWF Labs. “They are confident that through this token purchase, YGG will continue to innovate and grow the blockchain gaming space as we provide support through this long-term partnership.”

“We believe that blockchain has the potential to transform the gaming industry by enabling players to own their own assets and earn rewards,” Andrei added. “Through YGG’s partnerships with NFT games and ecosystems like Axie Infinity, The Sandbox and League of Kingdoms, the guild is at the forefront of blockchain-based game economies. Our goal is to support YGG and help the guild expand its offerings such as the Guild Advancement Program to connect even more players and provide them with an opportunity to participate in a decentralized gaming ecosystem and get rewarded from their gaming activities.”

Also participating in the token purchase was a16z Crypto, reaffirming its support in decentralizing YGG. And providing equal web3 opportunities to communities worldwide. As one of the earliest supporters of YGG, a16z led the guild’s US$4.6 million funding round in August 2021.

Other participants in the recent token purchase include Galaxy Interactive, Sangha Capital Fund, Sanctor Capital, and angel investor, David Lee. A former corporate attorney at Google, Lee currently holds the position of Executive Vice President at Samsung Electronics and is Head of Samsung Next.

As a key milestone on its path to decentralization, YGG established itself as a Swiss association in 2022. To employ a flexible, recognized and nonprofit legal structure that will cultivate a decentralized future for the guild. YGG transitioned into the Swiss association legal framework as it offers more clarity and validity for the guild. To signify that anyone who holds a YGG token is a member of the YGG association, allowing for meaningful participation. Token holders receive limited liability protection by virtue of being a member and have the power to vote on governance.

“The token purchase signals the confidence of our partners in YGG’s mission of empowering gamers through web3 gaming,” said YGG co-founder Gabby Dizon. “The purchase will support the progress of the guild’s initiatives as it aims to provide the web3 community with valuable products and experiences. With the continued support of our partners, YGG remains confident in its ability to drive meaningful impact and shape the future of the web3 gaming industry.”

About Yield Guild Games (YGG)

Yield Guild Games (YGG) is a Play To Earn guild that brings players together to earn via NFT games. They are the settlers of the Metaverse. YGG is the world’s original and largest Blockchain Gaming Guild. With deep expertise in Web3 communities, game operations, and product development. YGG and its global network of subDAOs represent an ecosystem of hundreds of thousands of crypto gamers around the world.

Website | Twitter

About DWF Labs

DWF Labs seeks to invest and support bold founders who want to build the future of Web3. They offer consulting, liquidity provision, cybersecurity, smart contract audit processes. Debt-financing, treasury management and connections with their numerous partners across different verticals.

Website | Twitter

SOURCE: MEDIUM

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