DWF Labs invests $28 million in Conflux, amplifying their commitment

By Lola Coin Jun 28, 202366Views

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DWF Labs, a global digital asset market maker and Web3 investment firm, has announced its continued support for the growth of Conflux, a blockchain platform. This follows DWF Labs’ recent purchase of $18 million worth of CFX tokens, strengthening its long-term relationship with Conflux. Conflux has been making significant progress since February 2023, including forming partnerships with China Telecom and joining the Hong Kong Web3 Institute. It has also led the drafting of an international blockchain standard and announced collaborations with various companies such as Supremacy, dappOS, NuLink, Smooth Labs, and Opside. Conflux has established ecosystem partnerships with several organizations and has co-hosted events with DWF Labs in different cities. The funds from DWF Labs will be used to fuel Conflux’s ecosystem growth in Asia and Hong Kong, support developer communities, and bring real-world assets onto the blockchain.

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