Giant Crypto Investor Joins Asia's Leading Altcoin Ecosystem - Coin Newsletter

Global market maker and Web3 investor DWF Labs has joined the Governance Council of the Klaytn project.

According to a statement by Klaytn, DWF Labs' application for council membership has been approved with a 98% acceptance rate. DWF Labs will independently receive 5 million KLAY to support the growth of the Klaytn ecosystem.

As a council member, DWF Labs will serve as a bridge to source funds from companies in its portfolio, provide guidance to promising projects, and infuse liquidity into the decentralized market.

Sam Seo, director of the Klaytn Foundation, emphasized the importance of DWF Labs' timing, saying that Klaytn's blockchain merger with Finschia is coming.

The combination of Klaytn and Finschia is expected to create the "largest Web3 ecosystem" in Asia.

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