According to official news, DWF Labs announced the renewal of its partnership with DMCC (Dubai Multi Commodities Center), reaffirming its commitment to driving innovation and growth in the blockchain ecosystem in the Middle East and North Africa (MENA) region. This new cooperation builds on the foundation laid by the previous agreement, including the establishment of a $5 million growth platform for Web3 businesses in the DMCC Crypto Center.
At the core of this cooperation is the DWF Venture Studio, which provides a series of benefits to early-stage startups located in DMCC, including consulting services, access to global venture capital, market making services for primary and secondary exchanges, and a series of workshops.
In addition, DWF aims to invest in 50 startups operating in the Web3 field and provide additional investment for the best performing companies. It is worth noting that the most promising business in this group will receive an investment of $500,000.