Klumi Ventures, the first regulated Web3 venture capital and fund management company headquartered in Abu Dhabi, and market maker DWF Labs announced a partnership in areas including strategic consulting, investment and market making, over-the-counter trading, and market education, aiming to promote the development of the Web3 ecosystem in the UAE.
Kristiina Lumeste, founder of Klumi Ventures, said that this partnership will support DWF Labs in contributing to the development of Web 3 in the UAE. Andrei Grachev, managing partner of DWF Labs, emphasized that this partnership will promote the digital transformation of the UAE and aims to provide the necessary resources for new entrants and institutions to accelerate the adoption of Web3 in the Middle East and North Africa. (decrypt)