The goal of Klumi Ventures and DWF Labs’ collaboration is to hasten the UAE’s adoption of Web3 and digital transformation.
Strategic Emphasis on Digital Transformation and Web3 Adoption
A strategic alliance has been established between Klumi Ventures, the first regulated Web3 venture capital and fund manager in Abu Dhabi, and DWF Labs, a well-known Web3 investor and market maker. The goal of this partnership is to improve the UAE’s already strong Web3 framework in line with the Abu Dhabi Economic Vision 2030.
Making Use of Local Knowledge and Market-Making Experience
The collaboration will take advantage of DWF Labs‘ vast market-making and investing experience as well as Klumi Ventures’ local knowledge. Together, they will work to accelerate the digital transformation of the UAE by offering businesses looking to enter the market vital resources and strategic advising services. Advice on go-to-market tactics, legal compliance, and business development are all included in this help.
Market Impact and Strategic Objectives
The goal of DWF Labs and Klumi Ventures is to increase Web3 usage in the MENA area. They intend to start training programs in 2024, such as workshops in the United Arab Emirates, that will cover networking opportunities, methods, and the difficulties of doing business locally. Furthermore, Klumi Ventures’ portfolio companies will receive liquidity, financial resources, and customized OTC solutions from DWF Labs to facilitate safe and effective digital asset trading.
Leadership Assistance in Advancing Digital Transformation
The CEO and Founder of Klumi Ventures, Kristiina Lumeste, stated her excitement in bolstering the portfolio firms of DWF Labs and contributing to the growth of the Web3 ecosystem in the UAE. The DWF Labs Managing Partner, Andrei Grachev, highlighted how this collaboration might hasten the UAE’s digital transformation, helping both established institutions and emerging ones in this quickly changing landscape.
Curriculum to Promote the Development of the Web3 Ecosystem
The alliance intends to start educational initiatives in the United Arab Emirates in 2024 in addition to providing investment and strategic advice. These courses, which emphasize strategy, networking, legal and regulatory requirements, and market obstacles, will provide participants with the information and resources they need to thrive in the Web3 environment.
Increasing the UAE’s Presence as a Global Blockchain Center
By working together, Klumi Ventures and DWF Labs hope to advance the region’s goals for digital assets and strengthen Web3’s position as a global hub for blockchain technology in the United Arab Emirates.
