DWF Labs announced allocating 25M towards reinforcing the Beldex ecosystem responsible for hosting decentralization applications that uphold the privacy of one’s data.
Beldex involves a Web3-based ecosystem hosting decentralization applications that prioritize privacy in users’ data and identity.
DWF Labs Funding Beldex Project
Beldex is set to receive $25m from the DWF – a renowned investment firm and market maker for digital assets. The Web3-based Beldex target is to utilize the funds towards advancing research and developing the Beldex ecosystem. DWF Labs is set to assume the counselor and marketing facilitator roles.
The partner involved in DWF Labs management Andrei Grachev expressed excitement about accessing Beldex’s ecosystem. In particular, the partner acknowledged that the system yields a scalable yet secure platform to launch decentralized applications that uphold privacy.
DWF Labs is funding Beldex days after participating in Yield Guild Games (YCG) fundraiser alongside a16z Crypto Funds affiliated with Andreessen Horowitz to raise $13.8 million. The round saw DWF Labs commit funds to advance play-to-earn gaming fluid.
DWF Labs’ investment choices enable the beneficiaries, such as Beldex and YCG, to leverage its multi-stage web3 ecosystem. It aligns with the firm’s vision of supporting founders in advancing their web3 projects.
Beldex Innovative Solutions Prioritizing Privacy and Decentralization
Grachev portrayed the BDX token as critical to the well-being of the Beldex ecosystem. As such, it compels Beldex to provide a secure payment means and incentives prompting users to contribute.
Grachev admired Beldex’s innovative solutions and distinct culture of prioritizing privacy and support for decentralization. The unique identifiers make Beldex a critical player within the cryptocurrency space.
Beldex ecosystem features a private messaging application identified as BChat. Also, the ecosystem hosts BelNet, considered a decentralized virtual private network.
Cross-chain Protocol Prioritize Users’ Privacy
Grachev lauded the superiority of Beldex owing to the presence of a Web3-based browser integrated with a cross-chain protocol prioritizing user privacy within the ecosystem.
The Grachev-led management acknowledged the privacy focus in Beldex’s ecosystem, particularly in facilitating anonymous transfers across various blockchains.
The funding of Beldex is timely, considering that the prolonged crypto winter eroded venture-capital investments by over 91%.
Nevertheless, the pursuit of infrastructure projects portrayed relatively strong performance.
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