DWF Labs to set up a new fund of up to $75 million…"This correction is a good investment opportunity"
Uk Jin
Summary
- DWF Labs said it plans to set up a new virtual asset fund of up to $75 million.
- The co-founder said the current downturn is a good investment opportunity, and that the fund will be funded solely by DWF Labs.
- He said the new fund plans to focus investments on DeFi and Ce·DeFi projects.
DWF Labs plans to set up a new fund that invests in virtual assets (cryptocurrencies).
On the 21st (Korean time), Andrey Grachev, co-founder of DWF Labs, said on X (formerly Twitter), "I believe the current downturn is the optimal time to close good deals with excellent builders," and said, "We will reveal the new fund soon."
The fund will be sized at $30 million to $75 million and will be funded solely by DWF Labs' capital. Grachev said, "This fund plans to focus investments on DeFi and Ce·DeFi projects."
Uk Jin
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