DWF Labs aims to invest in 50 startups that operate in the web3 sector, with additional funding opportunities for top-performing companies and a $500,000 investment for the most outstanding business in the cohort.
DWF Labs is a member of the broader Digital Wave Finance (DWF) platform, one of the world’s largest high-frequency cryptocurrency trading entities. DWF is among the top five trading entities in terms of trading volume, trading over 2,000 different types of digital assets on the top 40 exchanges.
According to Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, “Dubai’s reputation as a web3 technology hub is well-known around the globe. The DMCC Crypto Centre has played a crucial role in the emirate’s successful journey into the world of cryptocurrency, boasting the highest concentration of web3 and blockchain businesses in the region. Our partnership with one of the leading players in the global industry is a testament to the maturity of the crypto business community we have developed and to the significant commercial opportunities that Dubai presents.”
