• DWF Labs has invested $28 million in Conflux, a tree-graph consensus algorithm Layer-1 blockchain.
• Conflux has recently gained traction on the back of collaborations with China Telecom and other key partnerships, as well as joining the Hong Kong’s Web3 Institute.
• DWF Labs has shown strong commitment to support the growth of Conflux, having co-hosted multiple events and made significant contributions to placing it on the global stage.
DWF Labs Doubles Down on Conflux with $28 Million Invested
Key Partnerships
Conflux has been gaining significant traction since February 2023 due to its collaborations with China Telecom, for which they aim to develop a blockchain SIM (BSIM) card that was first unveiled in May. They have also joined Hong Kong’s Web3 Institute, participated in the Singapore Digital Economy Roundtable organized by Singaporean Government, and led the drafting of IEEE P3217, an international blockchain standard by the Institute of Electrical and Electronics Engineers. Furthermore, key partnerships include Supremacy – Web3 security platform dappOS – an operating protocol that manages crypto infrastructures for users NuLink – a privacy-preserving technology that provides APIs for decentralized applications Smooth Labs – developing the Layer 2 solution that supports parallel execution Opside – a decentralized ZK-RaaS network featuring PoW of ZKP mining.
DWF Lab’s Investment
DWF Lab’s recent purchase of $18M in CFX token further cements their long-term relationship between them and Conflux. This follows DFW Labs buying $10M worth of CFX tokens in March 2023; adding up to a total investment of $28M into this project from DWF Lab’s alone. This shows their strong commitment towards supporting Conflux’s growth moving forward.
Events Co-Hosted by DWF Labs & Conflux
DWF Labs have made significant contributions to placing Conflux on the global stage; hosting multiple events including those organized in Hong Kong, Tokyo, and Paris together with them. They have also established ecosystem partnerships with Floki, Worldcoin, Blockbank, Luganodes AirDAO Mask OpenEden and more ongoing ones being discussed as well.
Conclusion
In conclusion DWF Lab’s investment into Conflux shows their continued commitment towards supporting its growth through various means such as co-hosting events and establishing key partnerships within its ecosystem that will help it succeed long term