Crypto Market Maker and Investor DWF Labs said it established a $ 250 million fund for investment in medium and large capitalization cryptocurrency projects.
Investment sizes will vary from $ 10 million to $ 50 million per project, providing capital support and ecosystem, said DWF Labs in an email on Monday.
The firm emerged as a prolific investor of the cryptographic industry in 2023, and much of its investments involve buying several million dollars in the native token of a project. The approach, which differs from the traditional risk capital model to invest in exchange for capital, caused some criticisms of the commentators.
The DWF Labs position as a market manufacturer meant that they maintained their tokens in the exchanges, indicating the risk of being able to sell them at any time. The managing partner Andrei Grachev told Coindesk in May 2023 that the company maintained 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 be sold.
