Mahe, Seychelles, Feb. 23, 2023 — Beldex, a leading privacy-based crypto ecosystem, has partnered with DWF Labs, a prominent digital asset market maker and multistage Web3 investment firm. DWF supports Beldex and has committed $25 million to research and develop the Beldex network and ecosystem.
DWF will act as the primary supporter and counselor of the Beldex project, aiding in marketing activities to improve the ecosystem participants and the reach of the project.
“We are excited about Beldex’s ecosystem, which offers scalable and secure decentralized applications prioritizing privacy,” said Andrei Grachev, the managing partner of DWF Labs. “The BDX token is integral to this ecosystem, providing a secure means of payment and incentives for users to contribute. We believe that Beldex’s innovative solutions and focus on privacy and decentralization make it a strong player in the cryptocurrency space.”
Beldex provides unique, privacy-preserving, decentralized solutions to mask one’s online identity with decentralized applications (DApps) like BChat, BelNet, the Beldex browser and the Beldex privacy protocol. The DApps of the Beldex ecosystem are interoperable and provide users with the highest level of autonomy and anonymity.
Afanddy Bin Hushni, chairman of Beldex, said, “our ecosystem is rapidly expanding. Both BChat and BelNet are live, and we’re adding new features to them while actively working on the research and development of the Beldex browser, another key product in our ecosystem. Our research wing is also researching the integration of the EVM to the Beldex mainnet, which will allow developers to build privacy-preserving smart contracts with use cases that weren’t possible before.”
With its DApps and integration with the Ethereum Virtual Machine (EVM), Beldex will bring a new paradigm of products to Web3 that help provide community and enterprise blockchain solutions, some of which may include a highly private, secure and reliable open-source network for sensitive data transfer, authentication and secure storage — to name a few.
About DWF Labs
DWF Labs is the global digital asset market maker and multistage Web3 investment firm, supporting portfolio companies from token listing to market making to over-the-counter trading solutions.
With offices in Singapore, Switzerland, the United Arab Emirates, Hong Kong, South Korea and the British Virgin Islands, DWF Labs’ parent firm, Digital Wave Finance, consistently ranks among the top five trading entities by volume in the cryptocurrency world through its proprietary technology for high-frequency trading.
Beldex is a private Web3 ecosystem building decentralized privacy-preserving applications that help protect user data and identity online. The ecosystem consists of BChat, a private messaging app; BelNet, a decentralized VPN service; the Beldex browser, an ad-free Web3 browser; and the Beldex privacy protocol, a cross-chain asset anonymizer.
Media contact: Shawn Gabriel
PR Contact: Arpita Karmakar