DWF Labs Announces $60M Strategic Partnership with EOS Network Foundation

Author

EOS Network Foundation

Date

Apr 13, 2023

Category

DWF Labs, the global market maker and investment firm, has announced a strategic partnership with the EOS Network Foundation (ENF) with an investment deal valued at upwards of $60 million in its largest commitment to date.

DWF is supporting the EOS Network through a $45m EOS token purchase agreement and $15m commitment to invest into EOS-based businesses and projects to accelerate the growth and adoption of the EOS Network.

Andrei Grachev, the Managing Partner of DWF Labs, said: “We are excited to join forces with the EOS Network Foundation on this pioneering project. Our strategic partnership will enable us to explore new horizons and revolutionise the blockchain ecosystem together, providing developers with the tools and resources they need to bring about a more decentralised and connected future.”

The ENF plays a pivotal role in network development, coordinating support, creating feedback loops for innovation, promoting community involvement, allocating funding, and facilitating the growth of the EOS ecosystem.

DWF Labs has emerged as one of the most active investors during the crypto bear market with a wave of recent investments across the web3 space.

This partnership comes at an opportune time as the EOS Network launches its enterprise grade EOS EVM on April 14, which boasts world class performance and throughput with over 4x more swaps per second than Polygon, BSC and Avalanche.

Yves La Rose, the founder and CEO of the EOS Network Foundation, commented: “The collaboration with DWF Labs marks a significant milestone for the EOS Network. We are confident that this strategic partnership will enhance the adoption and visibility of the EOS Network and provide it with unparalleled support. Together, we will continue to drive innovation and growth within the EOS ecosystem.”

The synergy between DWF Labs and the EOS project is set to unlock new potential in the blockchain ecosystem and the world of web3. The partnership will bring together their respective expertise and resources, ensuring a thriving and fruitful future for the EOS Network.

About EOS Network Foundation

The EOS Network Foundation (ENF) is a not-for-profit organisation that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The EOS Network provides a world-class, robust, smart contract functionality that enables developers to build the best-in-class decentralised applications (dApps) easily, facilitating the open web of the future and, in so doing, powering the Web3 economy. The ENF is the hub of the EOS Network, uniquely suited for NFT, GameFi, DeFi, and enterprise applications. The organisation is committed to unlocking the full potential of the EOS blockchain to drive innovation, create new possibilities, and empower individuals and communities.

About DWF Labs

DWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions.

With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high frequency trading.