CandleFocus DWF Labs Launches $20 Million Fund for Meme Coin Creators
2024-11-20
Author: Content Editor
Dubai-based Web3 investor and market maker, DWF Labs, has launched a $20 million fund to support meme coin projects. The fund aims to back creative, community-driven crypto projects that promote inclusivity and interoperability. DWF Labs will provide financial resources and strategic support to meme coins that demonstrate strong community engagement, unique value, and global potential. The fund is open to applications from promising meme coin projects seeking investment and guidance. DWF Labs has already worked with successful meme coins such as Floki, Turbo, Simon’s Cat, and Neiro Ethereum. They recently partnered with Turkish internet personality Hasbulla and NikolAI to expand their portfolio of meme-based projects, creating a new token called BARSIK inspired by Hasbulla's cat. The meme coin market has experienced recent growth, increasing from a total market cap of $56 billion before the US elections to over $118 billion at the time of writing.
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