DWF Labs Joins Klaytn Governance Council, Fueling Asia's Leading Web3 Ecosystem

DWF Labs, a leading Web3 investor and liquidity provider, has joined Klaytn's Governance Council as its newest member. This strategic move signifies DWF Labs' commitment to empowering the Klaytn ecosystem through liquidity fortification, resource mobilization, and guidance to promising projects. With its deep industry expertise, technical acumen, and impressive portfolio, DWF Labs aims to drive innovation and growth within Klaytn, contributing to its expansion and prominence in the rapidly evolving Web3 landscape.

DWF Labs Joins the Klaytn Governance Council, Propelling the Growth of Asia's Largest Web3 Ecosystem

Singapore, April 19, 2024 - DWF Labs, a trailblazing Web3 investor and liquidity provider, has solidified its commitment to the transformative power of blockchain technology by becoming the newest member of Klaytn's esteemed Governance Council (GC). This strategic alliance marks a watershed moment in the development of Asia's Web3 landscape, poised to catalyze innovation, expand market liquidity, and drive the widespread adoption of decentralized technologies.

Forging a Collaborative Alliance

The GC membership application put forward by DWF Labs garnered an overwhelming 98% approval through on-chain voting, underscoring the industry's resounding endorsement of the organization's expertise and dedication. As a GC member, DWF Labs will assume a pivotal role in guiding Klaytn's strategic direction, fostering an environment conducive to innovation and growth.

With its profound understanding of the Web3 ecosystem, DWF Labs will play a pivotal role in strengthening liquidity, enabling a more dynamic and efficient decentralized market. The organization's proven ability to identify and support promising projects will further bolster the Klaytn ecosystem, nurturing a vibrant community of innovators and entrepreneurs.

Harnessing Synergies for Exponential Growth

"We are honored to welcome DWF Labs to our Governance Council," remarked Sam Seo, Representative Director of Klaytn Foundation. "As Klaytn embarks on a transformative journey through the upcoming chain merge with Finschia, the timing is impeccable for DWF Labs to contribute its unparalleled industry insights. Together, we will propel our newly merged ecosystem to the forefront of Asia's burgeoning Web3 scene."

"Joining the Klaytn Governance Council is a testament to our unwavering commitment to supporting the growth of Web3 in Asia," said Andrei Grachev, Managing Partner of DWF Labs. "We are eager to leverage our expertise in market making and incubation to drive innovation and accelerate blockchain adoption. By integrating with Klaytn and actively participating in the upcoming chain merge with Finschia, we aim to foster a more inclusive and accessible blockchain environment."

Unleashing the Potential of Asia's Web3 Hub

The highly anticipated chain merge between Klaytn and Finschia is set to create a formidable force in the Web3 arena, combining the strengths of two leading blockchain platforms. With over 420 decentralized applications (DApps) and a potential user base exceeding 250 million, the merged chain will become the largest Web3 ecosystem in Asia.

Empowered by the seamless Web3 access provided through popular messaging applications like Kakao and LINE, coupled with DWF Labs' exceptional market making and incubation capabilities, the upcoming merged chain will be uniquely positioned to drive mass adoption of blockchain technology across Asia.

About DWF Labs

DWF Labs is a pioneer in the Web3 investment and liquidity provision space, establishing itself as one of the world's largest high-frequency cryptocurrency trading entities. Its operations span spot and derivatives markets across over 60 top exchanges, demonstrating its unwavering commitment to market efficiency and innovation.

About Klaytn

Klaytn, developed by the renowned South Korean IT giant Kakao, is a global Layer 1 public blockchain purpose-built to empower the on-chain world of tomorrow. With its exceptional transaction latency, enterprise-grade reliability, and developer-centric environment, Klaytn offers a seamless experience for users and developers alike. Since its inception in June 2019, Klaytn has been at the forefront of blockchain mass adoption, driving innovation across a diverse range of use cases spanning DeFi, the metaverse, gaming, and even the Bank of Korea's CBDC pilot project. Today, Klaytn stands as one of South Korea's most formidable Web 3.0 ecosystems, generating over 1 billion transactions from more than 300 decentralized applications.

For Media Enquiries:

Klaytn Foundation: media@klaytn.foundation
DWF Labs: pr@dwf-labs.com