TechFlow news — According to The Block, Web3 venture capital firm and global digital asset market maker DWF Labs has announced a $10 million investment in the blockchain platform Conflux. DWF Labs purchased Conflux tokens, which will "linearly unlock over a period of time."
DWF Labs is a subsidiary of Digital Wave Finance, providing token listing, market making, and OTC trading solutions for its portfolio companies. DWF Labs has offices in Singapore, Switzerland, the UAE, Hong Kong China, South Korea, and the British Virgin Islands.
Previously, Conflux Network announced a collaboration with China Telecom to launch the first BSIM pilot project in Hong Kong later this year. The BSIM card integrates Conflux's Tree-Graph, Dual Proof-of-Stake, and Proof-of-Work technologies, enabling the highest system performance for any blockchain globally. Conflux aims to lower the barrier for users entering Web3 and the Metaverse.Original link
