DWF invests $10M in Orbs Ecosystem via token purchase deal, to advance layer 3 blockchain technology

Ran Hammer
Ran Hammer


a year ago


DWF Labs, a leading web 3.0 investment firm, has officially joined the Orbs ecosystem via a token purchase of up to $10M.

DWF Labs is the leading multi-stage Web3 investment firm and ecosystem partner with a long-term vision. To date, DWF Labs has invested in over 100 web3 projects across multiple industry segments such as Gamefi, Metaverse, Infrastructure, Trading, and DeFi.

DWF Labs is one of the most prominent supporters of the growing TON ecosystem, with which Orbs is also heavily involved, having recently invested in TON and announced its commitment to invest in projects building on TON.

The team and the community of Orbs are excited to have such a strong ecosystem participant on board tackling the mission to develop its layer 3 technology and enhance the capabilities of smart contracts, as part of a tiered comprehensive blockchain stack.

Orbs has recently launched its flagship L3 product: dTWAP (decentralized time-weighted average price) protocol for DEXs (a 13 billion market). In addition, Orbs has been heavily involved in the emerging TON ecosystem a 3.4 billion market cap protocol with major contributions such as TON.vote: a no-code DAO governance tool for TON dApps developed with the TON Foundation, and TON Access: a decentralized Infura for the TON network.

“We are extremely excited about DWF joining the Orbs Ecosystem“ said Nadav Shemesh, Orbs CEO. “This move is a great vote of confidence in Orbs layer 3 technology and its potential to advance the Web 3.0 industry.

"Orbs is a highly promising project within the TON ecosystem, and we are pleased to invest in their vision for the future of decentralized finance. Their dTWAP protocol for decentralized exchanges and their contributions to the TON ecosystem demonstrate their commitment to advancing the potential for growth and innovation in the space." Said Andrei Grachev, the Managing Partner of DWF Labs.

About DWF Labs

DWF Labs is the global digital asset market maker and multi-stage web3 investment firm with offices in Singapore, Switzerland, the British Virgin Islands, the United Arab Emirates, South Korea, and Hong Kong. The investment company is an affiliate of Digital Wave Finance (DWF), one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 40 top exchanges.

DWF Labs seeks to invest in and support bold founders who want to build the future of Web3. We offer consulting, liquidity provision, cybersecurity, smart contract audit processes, debt-financing, treasury management, and connections with our numerous partners across different verticals.

Learn more: https://www.dwf-labs.com/

About Orbs

The Orbs Network is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.

Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain. Orbs acts as a “decentralized backend”, enhancing the capabilities of existing smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs and GameFi.

Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 35 working from Tel Aviv, London, New York, Tokyo and Seoul.

For more information, please visit www.orbs.com, or join our community at:

Telegram: https://t.me/OrbsNetwork

Twitter: https://twitter.com/orbs_network

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