But a closer examination reveals DWF, whose founders made their money as crypto high-frequency traders, isn't exactly a venture capital firm – not always, at least.
DWF Labs’ investments are more ad hoc in nature and the company primarily selects for projects that have already launched a token. It is quite common in the crypto industry for market making firms to have venture capital arms. Jump Crypto and Wintermute, two heavyweights in the crypto market-making sector, both began as trading firms. But both have since expanded into cutting venture checks for projects, and even building their own pieces of core infrastructure .
“All of their ‘investments’ are poorly disguised agency OTC trades,” a market making firm’s executive told CoinDesk, who asked not to be named due to company policy. “They make a big announcement about ‘partnerships, investments’ or some other nonsense, but in reality it is a way for token projects to sell their treasury without announcing that they are selling their treasury.
“As a market maker, of course we support our portfolio. If we invest, we will provide much more liquidity to the project compared to if we don’t invest,” Grachev said.
DwfLabs CryptoGPT__org synthetix_io sndr_krisztian You tagged wrong Crypto gpt twitter handle
DwfLabs CryptoGPT__org synthetix_io sndr_krisztian Invest in a non shady option like $GOLD. This project has witnessed massive growth and keeps growing. We are just at the beginning. Stack some golds.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: Crypto_Potato - 🏆 568. / 51 Consulte Mais informação »