DWF Labs Doubles Down on Conflux with $28 Million Invested

The Defiant
The Defiant

28 Jun 2023 6:37 AM

Hong Kong, China, June 28th, 2023, Chainwire

DWF Labs, the global digital asset market maker, and multi-stage Web3 investment firm, has further strengthened its commitment to support the growth of Conflux, the tree-graph consensus algorithm Layer-1 blo......

  • DWF Labs, a global digital asset market maker and Web3 investment firm, is strengthening its support for Conflux, a Layer-1 blockchain using the tree-graph consensus algorithm.
  • Conflux has gained traction through partnerships, including a collaboration with China Telecom to develop a blockchain SIM card.
  • DWF Labs has purchased $18M worth of CFX tokens, following a previous purchase of $10M in March 2023.
  • Conflux has joined the Hong Kong Web3 Institute, participated in the Singapore Digital Economy Roundtable, and led the drafting of an international blockchain standard.
  • Conflux has established partnerships with various companies and organizations, including Floki, Worldcoin, Blockbank, Luganodes, AirDAO, Mask, and OpenEden.
  • Conflux plans to use the raised funds to fuel ecosystem growth in Asia, empower developer communities, and bring real-world assets onto the Conflux chain.

The article highlights the growth and achievements of Conflux, with DWF Labs showing strong support through token purchases. The sentiment is positive, emphasizing the potential for ecosystem expansion and the adoption of real-world assets.

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You May Ask

What is the significance of Conflux's partnership with China Telecom?How has DWF Labs contributed to Conflux's global presence?What are some of the ongoing partnerships and collaborations of Conflux?How does Conflux plan to use the raised funds to fuel ecosystem growth?What advantages does Conflux offer as the only regulatory-compliant public blockchain in China?

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