DWF Labs, as a next-generation Web3 investor, has been appointed as the latest member of the Klaytn Governance Council (GC). The GC membership application (KGP-28) passed with a 98% favorable vote through on-chain voting, officially starting DWF Labs in its role. DWF Labs will independently purchase the required 5 million KLAY to function as a Core Cell Operator (CCO), aiming to enhance liquidity and promote comprehensive growth in the Klaytn ecosystem.
DWF Labs Takes Strategic Role in Klaytn Governance Council
As a GC member, DWF Labs will take on a strategic role aiming to lift the ecosystem to new peaks. Supported by deep industry experience, technical intelligence, and an impressive portfolio, DWF Labs will work closely with the foundation to revitalize the ecosystem. For this purpose, DWF Labs will mobilize the resources of its portfolio companies to act as a bridge and will also provide guidance and support to promising projects to achieve success.
The renowned market maker will also contribute to injecting and optimizing liquidity to promote a dynamic and decentralized market, and D2I programs will be organized to support upcoming key sectors. Finally, joint events will be planned to increase visibility and encourage community growth.
DWF Labs to Hold a Significant Position in Asia’s Web3 Scene
Sam Seo, Representative Director of the Klaytn Foundation, expressed pleasure in inviting DWF Labs to the Governance Council, noting that with the approaching chain-focused merger with Finschia, DWF Labs’ industry-leading expertise will place it in a significant position in Asia’s Web3 scene.
Andrei Grachev, Managing Partner at DWF Labs, expressed pride in joining the Klaytn Governance Council, using their expertise in market making and incubation to support Asia’s largest Web3 ecosystem.
Highlighting the chain merger between Klaytn and Finschia, Grachev noted that it would create Asia’s largest Web3 ecosystem, providing seamless Web3 access through popular messaging applications. Combined with DWF Labs’ market-making and incubation capabilities, this merger will uniquely position them to drive mass adoption of Blockchain across Asia.
