Hong Kong, China, 28 June 2023, Chainwire

DWF Labs, a global digital asset market maker and multi-stage Web3 investment firm, has stepped up its commitment to support the growth of Conflux, a Layer 1 blockchain for tree graph consensus algorithm. Against the backdrop of several key partnerships, including a signing cooperation with China Telecom announced on February 15, Conflux aims to develop Blockchain SIM (BSIM) cards, which were first announced in May. It has gained a lot of momentum since February 2023.

DWF Labs recently purchased $18 million in CFX tokens, strengthening the long-term relationship between the investment firm and Conflux. This follows DFW Labs’ purchase of $10 million worth of CFX tokens in March 2023.

Most recently, Conflux participated in the Web3 Institute in Hong Kong, participated in the Singapore Digital Economy Roundtable hosted by the Singapore government, and led the drafting of IEEE P3217, an international blockchain standard by the Institute of Electrical and Electronics Engineers. In addition, Conflux has announced major partnerships including:

  • Supremacy – Web3 Security Platform
  • dappOS – an operating protocol that manages a user’s cryptographic infrastructure
  • NuLink – privacy-preserving technology that provides APIs for decentralized applications
  • Smooth Labs – Developing Layer 2 Solutions That Support Parallel Execution
  • Opside – Decentralized ZK-RaaS Network Featuring PoW for ZKP Mining

DWF Labs has been instrumental in bringing Conflux to the global stage. Since then, Conflux has established ecosystem partnerships with his Floki, Worldcoin, Blockbank, Luganodes, AirDAO, Mask and OpenEden, with a growing list of ongoing partnerships being discussed. Conflux and his DWF Labs also co-organize multiple events, including events in Hong Kong, Tokyo and Paris.

Fan Long, co-founder of Conflux Network, said: “The Conflux Network has experienced rapid growth since the beginning of 2023, making pioneering progress in the Chinese NFT market and establishing a new Web3 access through a BSIM card project with China Telecom. We are one of the major supporters of .This capital injection not only strengthens our bond, but also acts as a catalyst for our shared ambition to expand the Conflux ecosystem.Conflux has raised funds. will be leveraged to further drive ecosystem growth in Asia and Hong Kong, empower a burgeoning developer community, and bring more and more real-world assets to the Conflux chain.”

DWF Labs Managing Partner Andrei Grachev said: It demonstrates our commitment to backing projects with immense potential and providing the support needed to fill in the missing pieces of the Web3 puzzle. Our deep understanding of the cryptocurrency market has served as a compass for Conflux, allowing us to express its full potential on the global stage. I am happy to have contributed to Conflux’s path to success. ”

About Conflux

Conflux is a permissionless layer 1 blockchain that connects decentralized economies across borders and protocols.

Recently migrated to a hybrid PoW/PoS consensus, Conflux offers a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.

As the only regulated public blockchain in China, Conflux offers unique advantages for projects building and expanding into Asia. Conflux has worked with global brands and government agencies in the region, including Shanghai Municipality, China McDonald’s, and Oreo, on their blockchain and metaverse efforts.

About DWF Labs

DWF Lab is a global digital asset market maker and multi-stage Web3 investment firm supporting portfolio companies from token listings to market making to OTC trading solutions.

DWF Labs, an investment firm with offices in Singapore, Switzerland, United Arab Emirates, Hong Kong, South Korea and BVI, is an affiliate of Digital Wave Finance (DWF). DWF consistently ranks in the top 5 in global cryptocurrency trading volume. Unique technology for high frequency trading.

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