DWF Labs, a company focused on Web3 and cryptocurrency investments, has signed a Memorandum of Understanding (MOU) with The Blockchain Center Abu Dhabi.
This partnership shows DWF Labs’ dedication to supporting innovation and growth in the Web3 space. The company has already made a strong impact in the region, having worked with Bybit and DMCC Crypto Centre on a major Web3 hackathon in the MENA region for two years, with the latest event finishing just last week.
In this partnership, DWF Labs and The Blockchain Center Abu Dhabi will team up to strengthen the Web3 ecosystem in the region. They’ll work on programs to support early-stage crypto projects, provide grants, and offer expert advice to help projects grow. DWF Labs will also use its global network to help crypto builders connect and grow their projects in the region.
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, “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.”
He also mentioned that by teaming up with The Blockchain Center Abu Dhabi, they aim to equip entrepreneurs and developers with the necessary resources to drive and accelerate the growth of the crypto ecosystem in the region.
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