DWF Labs Becomes Klaytn’s Latest Governance Council Member

Twitter icon  •  Published 3 weeks ago  •  Hassan Maishera

DWF Labs, a new generation Web3 investor, will be onboarding as Klaytn’s latest Governance Council (GC) member.

The Klaytn Foundation announced via a blog post on Tuesday that DWF Labs, a new generation Web3 investor, will be onboarding as Klaytn’s latest Governance Council (GC) member.

The membership comes after their GC membership application(KGP-28) passed on-chain voting with 98% in favor. As a GC member,  DWF Labs will be independently acquiring the 5 million $KLAY required to function as a Core Cell Operator (CCO).

Furthermore, DWF Labs will strategically drive innovation and growth. DWF Labs will collaborate closely with the foundation to act as a bridge to mobilize resources from their portfolio companies, provide guidance and support to help promising projects achieve success, and several other activities. 

Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao, with 50 million users worldwide. KLAY is up by 2% in the last 24 hours and now trades at $0.2093 per token. 

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.