Web 3.0 Investment Firm DWF Labs Invests $10 Million in Orbs Ecosystem Via Token Purchase

• DWF Labs invests $10 million via a token purchase in Orbs Ecosystem to nurture the development of Layer 3 solutions. 

Web 3.0 multi-stage investment firm DWF Labs officially announced it has joined the Orbs ecosystem, a decentralized execution blockchain layer operating between existing Layer 1 and Layer 2 solutions and the application layer. The investment firm announced its partnership with Orbs ecosystem, including a token purchase of $10 million to further the development of a ‘Layer 3’ ecosystem.

The Orbs Network is an open, decentralised and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. The platform is hosted within the TON ecosystem (once connected to Telegram). It provides an execution layer (Layer 3) which connects existing Layer 1 and 2 solutions to decentralized applications (DApps) to ease the constraints of transferring assets from one layer to another. 

According to a statement from Orbs, the partnership with “a strong ecosystem participant” such as DWF Labs will help its community accelerate towards its goal and mission “to develop its layer 3 technology”. Additionally, the partnership also lines up opportunities for the enhancement of the capabilities of smart contracts as part of a tiered comprehensive blockchain stack.

Andrei Grachev, the Managing Partner of DWF Labs, praised the developments that Orbs has accomplished in the past few years in decentralized finance, especially the recent launch of the dTWAP protocol. 

“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,” said Andrei Grachev. “Their dTWAP protocol for decentralized exchanges and contributions to the TON ecosystem demonstrate their commitment to advancing the potential for growth and innovation in the space.” 

dTWAP, or the decentralized time-weighted average price, protocol is a layer 3 platform for decentralized exchanges that enables traders to spread trades over time on DEXs. Notwithstanding, the Orbs ecosystem has also been vital in the development of the TON ecosystem since the departure of Telegram. The community have played a significant role in major developmental contributions, including implementing a no-code DAO governance tool for TON dApps and the development of TON Access, a decentralized Infura for the TON network, allowing the creation of decentralized wallets. 

The latest capital infusion in the Orbs ecosystem will help them in building additional Layer 3 solutions for the future of Web 3. 

“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.”

DWF Labs will continue investing in TON-based projects

Over the past few years, DWF Labs has grown into one of the most influential Web 3.0 multi-stage investors. The firm offers services, including consulting, liquidity provision, cybersecurity, smart contract audit processes, debt financing, and treasury management. Additionally, startups and companies in their investment bracket also have an opportunity to connect with other DWF Labs’ partners across different verticals. 

To date, DWF Labs has invested in over 100 Web 3.0 projects and companies in all segments, including DeFi, GameFi, the Metaverse, decentralized infrastructure, and trading. As one of the most prominent supporters of the TON ecosystem, the venture capital firm confirmed it would continue to invest in projects building on the TON ecosystem in the future. 

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