DWF Labs’ $20 Million Fund Targets Meme Coin Developers
Dubai-based Web3 investor and market maker DWF Labs has launched a $20 million fund to support memecoin projects.
The fund aims to support creative, community-driven crypto projects that promote inclusivity and interoperability.
DWF Labs’ Impact on the Meme Coin Market
The DWF Labs Fund provides financial resources and strategic support for meme coins that demonstrate strong community engagement, unique value, and global potential. By taking a chain-agnostic approach, it aims to empower creators regardless of their blockchain.
Applications for the Meme Fund are open to: Promising memecoin projects People who are looking for investment and guidance. Interested parties can submit proposals through the DWF Labs website.
“Meme coins are a powerful cultural force in the crypto space, often uniting communities around shared humor and creativity. The Meme Fund is our way to support this vibrant industry and enable developers and communities to turn their ideas into impactful projects,” DWF Labs managing partner Andrei Grachev told BeInCrypto
DWF Labs has partnered with several successful meme coins Like Floki, Turbo, Simon’s Cat and Neiro Ethereum. recent, DWF Lab Collaboration Partnering with Russian internet celebrities Hasbulla and NikolAI to further expand its portfolio of meme-based projects.
Their team collaborated with Hasbulla to create a new token inspired by his cat Barsik. The blockchain project simultaneously supports the welfare of cats and integrates them into ongoing charitable activities. Although it announced the coin on November 14, its value peaked at $0.33 just three days later before falling slightly again.
Unsurprisingly, prices for BARSIK, named in honor of Hasbra’s late cat, immediately skyrocketed. Such spikes are common in new token issuances, but whether BARSIK can maintain this momentum in the long term is another matter. At the time of writing this article, it is trading The share price is $0.22, with a market capitalization of $226 million.
After that, on the chain lens report One trader spent $142 to buy 11.63 million BARSIK on Pump. pleasure. Their token is now worth $2.5 million.
From a broader perspective, the memecoin market has been experiencing latest craze After Donald Trump was re-elected President. As an indirect result of Election Day, the entire cryptocurrency market has been enjoying aggressive bull market
meme coin, More specifically, the total market capitalization the night before the election was $56 billion. As of this writing, that number exceeds $118 billion.
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