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Dubai, United Arab Emirates, December 13th, 2024, Chainwire

DWF Labs, a new generation Web3 market maker and crypto investor, is proud to announce that they have signed a Memorandum of Understanding (MOU) with The Blockchain Center Abu Dhabi. This strategic partnership underscores DWF Labs's commitment to driving innovation and growth within the Web3 ecosystem. Building on its strong presence in the region, the company has also collaborated with Bybit and DMCC Crypto Centre for MENA’s flagship Web3 hackathon for two consecutive years, with the most recent event successfully concluding last week.

In this partnership, DWF Labs and The Blockchain Center Abu Dhabi will work together to drive key initiatives aimed at strengthening the Web3 ecosystem across the region. These initiatives include partnering on accelerator programs to nurture early-stage crypto projects, providing ecosystem grants, and offering strategic advisory services to help projects achieve sustainable growth. With its extensive global network, DWF Labs will also support builders in establishing key collaborations to support the growth of crypto projects and adoption in the region.

“Through this partnership, we want to drive impactful advancements in market making, blockchain research, institutional support, and the design of forward-thinking policy advocacy across the region,” said Abdullah Dhaheri, CEO of The Blockchain Center Abu Dhabi. 

“Abu Dhabi has emerged as a global hub for blockchain innovation, and this partnership underscores our commitment to supporting the growth of the Web3 ecosystem in the MENA region,” said Andrei Grachev, Managing Partner at DWF Labs. “By collaborating with The Blockchain Centre Abu Dhabi, we aim to empower entrepreneurs and developers alike with the resources needed to support and accelerate the growth of the crypto ecosystem in this region.”

This partnership reflects DWF Labs’s ongoing mission to build and support blockchain ecosystems worldwide. By investing in projects and collaborating with local hubs, DWF Labs continues to drive meaningful impact in regions for further growth and innovation.

About DWF Labs

DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.

About The Blockchain Center Abu Dhabi

The Blockchain Center in Abu Dhabi is a global hub for fostering innovation and growth in blockchain technology. Through a comprehensive range of services, including incubation, acceleration, venture capital investment, education, research, consultancy, and events, to establish Abu Dhabi as a global leader in the blockchain space.

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