DWF Labs Partners with The Blockchain Center Abu Dhabi to Strengthen Web3 Ecosystem in MENA Region

• DWF Labs partners with The Blockchain Center Abu Dhabi to boost the Web3 ecosystem in MENA.
• The collaboration includes accelerator programs, grants, and strategic advisory services for blockchain startups.
• Both firms aim to drive blockchain innovation, research, and policy advocacy in the region.

Dubai, United Arab Emirates | December 11, 2024

DWF Labs, a prominent Web3 market maker and cryptocurrency investor, has announced a strategic partnership with The Blockchain Center Abu Dhabi through the signing of a Memorandum of Understanding (MoU). This collaboration aims to drive innovation and support the development of the Web3 ecosystem across the Middle East and North Africa (MENA) region.

Under this partnership, DWF Labs and The Blockchain Center Abu Dhabi will collaborate on accelerator programs designed to nurture early-stage crypto projects. The partnership will also provide ecosystem grants and strategic advisory services, enabling projects to achieve sustainable growth. Through its extensive global network, DWF Labs will facilitate key partnerships for blockchain startups to enhance crypto adoption in the region.

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,” said Abdullah Dhaheri, CEO of The Blockchain Center Abu Dhabi.

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. By collaborating with The Blockchain Center Abu Dhabi, we aim to empower entrepreneurs and developers with the resources needed to accelerate the growth of the crypto ecosystem.”

This partnership builds on DWF Labs’ history of supporting blockchain innovation in the region. The company previously collaborated with Bybit and the DMCC Crypto Centre to sponsor MENA’s flagship Web3 hackathon for two consecutive years, with the most recent event concluding successfully last week.

The collaboration highlights DWF Labs’ ongoing mission to foster global blockchain ecosystems through investments, partnerships, and ecosystem-building efforts.

About DWF Labs

DWF Labs is a new-generation Web3 investor and market maker specializing in spot and derivatives trading on over 60 leading exchanges. The firm is among the world’s largest high-frequency cryptocurrency trading entities.

About The Blockchain Center Abu Dhabi

The Blockchain Center Abu Dhabi is dedicated to fostering blockchain innovation through incubation, acceleration, venture capital investment, education, and research. Its goal is to establish Abu Dhabi as a global leader in blockchain technology development.

Media Contact:

Lynn Chia

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