Hassan Maishera
DWF Labs, a new generation Web3 market maker, and crypto investor, announced on Friday, December 13th, that they have signed a Memorandum of Understanding (MOU) with The Blockchain Center Abu Dhabi.
In a press release shared with Cryptowisser, DWF Labs said this strategic partnership shows its 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.
The partnership will see DWF Labs and The Blockchain Center Abu Dhabi collaborate to drive key initiatives to strengthen the Web3 ecosystem across the region. These initiatives include collaborating on accelerator programs to nurture early-stage crypto projects, providing ecosystem grants, and offering strategic advisory services to help projects achieve sustainable growth.
Furthermore, DWF Labs will support builders in establishing key collaborations to support the region's growth and adoption of crypto projects.
While commenting on this partnership, Abdullah Dhaheri, CEO of The Blockchain Center Abu Dhabi, said,
“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.”
Andrei Grachev, Managing Partner at DWF Labs, added that,
“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. 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.”
By investing in projects and collaborating with local hubs, DWF Labs continues to drive meaningful impact in regions for further growth and innovation.
DWF Labs is a new-generation Web3 investor and market maker. It is one of the world's largest high-frequency cryptocurrency trading entities, trading spot and derivatives markets on over 60 top exchanges.
Meanwhile, 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.
