Klumi Ventures and DWF Labs join forces to advance the UAE Web3 ecosystem

Odaily News Klumi Ventures, the first regulated Web3 venture capital and fund management company headquartered in Abu Dhabi, and market maker DWF Labs announced a partnership in areas including strategic consulting, investment and market making, over-the-counter trading, and market education, aiming to promote the development of the UAE Web3 ecosystem. Kristiina Lumeste, founder of Klumi Ventures, said that this partnership will support DWF Labs in contributing to the development of Web 3 in the UAE. Andrei Grachev, managing partner of DWF Labs, emphasized that this partnership will promote the digital transformation of the UAE and aims to provide new entrants and institutions with the necessary resources to accelerate the adoption of Web3 in the Middle East and North Africa. (decrypt)