Crypto Market Maker and Investor DWF Labs said it had created a 250 million dollars fund for investment in medium and high capitalization cryptocurrency projects.
Investment sizes vary from $ 10 million to $ 50 million per project, providing capital and ecosystem support, DWF Labs said in an email on Monday.
The company has become a prolific investor of the cryptographic industry in 2023, a large part of its investments involving the purchase of several million dollars of token native of a project. The approach, which differs from the traditional model of investment venture capital in exchange for equity, has aroused criticism from commentators.
The position of DWF Labs as a market manufacturer meant that they kept their tokens on the exchanges, indicating a risk that they could sell them at any time. General partner Andrei Grachev told Coindesk in May 2023 that the company had kept most of its funds and investments in centralized exchanges and that the transfer of tokens to an exchange does not indicate that the company will sell.
