DWF Labs, a leading Web3 investor, has officially joined the Klaytn Governance Council (GC). This strategic move was solidified through an on-chain vote, where DWF Labs' GC membership application secured an overwhelming 98% approval rate from the Klaytn community.

Klaytn, a prominent public blockchain platform, is gearing up for a highly anticipated chain merge with Finschia, another major blockchain network. This merger is poised to create Asia's largest Web3 ecosystem, boasting over 420 decentralized applications (DApps) and a potential user base exceeding 250 million individuals.

This massive user base stems from Klaytn's integration with Kakao, a widely-used messaging app in South Korea, and Finschia's integration with LINE, a popular messaging platform across Asia.

Labs DWF Labs is a renowned new-generation Web3 investor and liquidity provider, widely recognized as one of the world's largest high-frequency cryptocurrency trading entities. With a presence on over 60 top exchanges, DWF Labs trades spot and derivative markets, providing unparalleled liquidity and market-making capabilities.

DWF Labs' addition to the Klaytn Governance Council represents a significant milestone in the evolution of this rapidly growing Web3 ecosystem. As a GC member, DWF Labs will play a crucial role in driving innovation, fostering growth, and shaping the future trajectory of the merged blockchain network.

Blockchain Mass Adoption

Through Messaging Apps In a bold move that underscores their commitment to fortifying liquidity and fostering expansive growth within the Klaytn ecosystem, DWF Labs has independently acquired the 5 million KLAY tokens required to function as a Core Cell Operator (CCO). This strategic acquisition positions DWF Labs as a key contributor to the ecosystem's liquidity and decentralized market dynamics.

"We are excited to welcome DWF Labs to the Governance Council", said Sam Seo, Representative Director of the Klaytn Foundation. "With our chain merge with Finschia right on the horizon, the timing is perfect for DWF Labs to bring their industry-leading expertise to bear and launch our newly-merged ecosystem into prominence across Asia's Web3 scene".

Leveraging Expertise for Growth and Innovation

As a Governance Council member, DWF Labs will leverage its deep industry experience, technical acumen, and impressive portfolio to drive innovation and growth within the Klaytn ecosystem. Their strategic contributions will include:

1. Acting as a bridge to mobilize resources from their portfolio companies, fostering synergies and collaboration opportunities.

2. Providing guidance and support to help promising projects within the ecosystem achieve success and reach their full potential.

3. Injecting and optimizing liquidity to foster a dynamic and efficient decentralized market, ensuring seamless trading and liquidity for ecosystem participants.

4. Organizing decentralized incubation (D2I) programs to boost upcoming key sectors within the ecosystem, nurturing innovative ideas and fostering a thriving developer community.

5. Planning joint events and initiatives to augment visibility, foster community growth, and drive widespread adoption of the merged blockchain network.

"We are proud to join the Klaytn Governance Council, as our commitment to leverage our expertise in market making and incubation to support the growth of Asia's largest Web3 ecosystem," said Andrei Grachev, Managing Partner of DWF Labs. "This partnership aligns with our vision of fostering innovation and driving blockchain adoption. By integrating with Klaytn and contributing to the upcoming chain merge with Finschia, we aim to create a more accessible and dynamic blockchain environment."

Enabling Seamless Web3 Access Through Messaging Apps The upcoming chain merge between Klaytn and Finschia is set to revolutionize Web3 access and adoption across Asia. By enabling seamless integration with popular messaging apps like Kakao and LINE, the merged ecosystem will provide a user-friendly gateway for millions of individuals to explore and engage with decentralized applications and blockchain technology.

DWF Labs' unparalleled market-making and incubation capabilities, combined with the seamless Web3 access facilitated by messaging app integration, position the upcoming merged chain as a driving force for blockchain mass adoption across Asia.

As the Klaytn ecosystem prepares for its transformative merger with Finschia, the addition of DWF Labs to the Governance Council represents a significant milestone. With their deep industry expertise, innovative mindset, and commitment to driving growth and adoption, DWF Labs is poised to play a pivotal role in shaping the future of Asia's largest Web3 ecosystem.