Odaily Planet Daily News DWF Labs announced the launch of a $250 million Liquid Fund, aimed at supporting the growth and mainstream adoption of medium and large crypto projects.
DWF Labs said that Liquid Fund will provide strategic investments ranging from $10 million to $50 million for each project, combined with TVL growth, lending market development, brand promotion, community operations and other all-round ecological support. Its goal is to promote the sustainable development and real-world application of the Web3 ecosystem.
At present, the fund has invested more than $11 million in multiple projects and plans to sign two major investment agreements of $25 million and $10 million respectively. Andrei Grachev, managing partner of DWF Labs, said that the fund will further strengthen DWF's mission to promote Web3 innovation.
Project applications are open, and DWF encourages teams that are interested in scaling up and achieving industry influence to submit applications.