DWF Labs is committed to investing in 50 start-ups operating in the web3 space, with a significant investment of $500,000 reserved for the most promising business, reports Blockchain.news. The partnership builds upon the foundation laid by the previous agreement, which included the establishment of a $5 million growth platform for Web3 businesses at the DMCC Crypto Centre.
The collaboration centres around the DWF Venture Studio, which offers a range of benefits to start-ups based in DMCC, such as consultancy services, market-making services on tier one and two exchanges, and workshops. The DMCC Crypto Centre serves as a comprehensive ecosystem for companies developing Web3 and blockchain technologies, with 600 businesses currently operating in the space, making it the highest concentration of crypto firms in the region.
With TOKEN2049 Dubai on the horizon, DWF Labs is preparing to showcase the transformative opportunities available within the MENA blockchain landscape. Start-ups and entrepreneurs are encouraged to join the DMCC Crypto Centre and leverage the resources and support provided by the DWF Venture Studio.
