DWF Labs renews collaboration with DMCC to promote MENA blockchain ecosystem development

DWF Labs is committed to investing in 50 startups operating in the web3 sector and has allocated USD $500,000 worth of investment to the most promising businesses. The partnership builds on the foundation of a previous agreement that included building a $5 million growth platform for Web3 businesses at DMCC Crypto Centre.

Collaboration is centered around DWF Venture Studio, which provides various benefits to DMCC-based startups, including consulting services, market formation services for primary and secondary exchanges, and workshops. The DMCC Crypto Center serves as a comprehensive ecosystem for companies developing Web3 and blockchain technologies, with 600 companies currently operating in the space, making it the largest concentration of cryptocurrency companies in the region.

With TOKEN2049 Dubai just around the corner, DWF Labs is preparing to showcase the innovative opportunities available in the MENA blockchain environment. Startups and entrepreneurs are encouraged to join the DMCC Crypto Center and take advantage of the resources and support provided by DWF Venture Studio.

Andrei Grachev, Managing Partner at DWF Labs, said: “We are excited to renew our partnership with DMCC and continue our mission to drive innovation and growth within the MENA blockchain ecosystem. As we prepare for TOKEN2049 Dubai, we look forward to helping startups and entrepreneurs We encourage you to join us in leveraging the potential of DMCC Crypto Center and DWF Venture Studio.”

Image source: Shutterstock

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