{"id":74841,"date":"2023-03-01T16:59:23","date_gmt":"2023-03-01T14:59:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74841"},"modified":"2025-09-10T02:00:14","modified_gmt":"2025-09-09T23:00:14","slug":"conflux-developers-raise-10m-from-dwf-labs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/conflux-developers-raise-10m-from-dwf-labs\/","title":{"rendered":"Conflux developers raise $10m from DWF Labs"},"content":{"rendered":"<p>The Conflux blockchain startup team raised $10 million from investment firm DWF Labs through the sale of CFX tokens from the reserve.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Happy to share the latest strategic raise by <a href=\"https:\/\/twitter.com\/DwfLabs?ref_src=twsrc%5Etfw\">@DwfLabs<\/a> supporting <a href=\"https:\/\/twitter.com\/Conflux_Network?ref_src=twsrc%5Etfw\">@Conflux_Network<\/a> to expand, innovate, and create a barrier-free blockchain ecosystem!<a href=\"https:\/\/t.co\/onUA60wLQC\">https:\/\/t.co\/onUA60wLQC<\/a><\/p>\n<p>\u2014 Conflux Network Official (@Conflux_Network) <a href=\"https:\/\/twitter.com\/Conflux_Network\/status\/1630832297313464322?ref_src=twsrc%5Etfw\">March 1, 2023<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funds raised will be directed toward building the technology stack and expanding the user base.<\/p>\n<p>According to Conflux cofounder Fan Long, CFX tokens will be unlocked linearly over a defined period. He called the strategic investment \u201cextremely important\u201d for building the ecosystem.<\/p>\n<p>Following the news, the CFX token rose more than 10%, to $0.24. At the time of writing, the project\u2019s market capitalization stood at $485 million, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/conflux\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-03-01-v-16.07.09-1024x640.png\" alt=\"Snimok-ekrana-2023-03-01-v-16.07.09\" class=\"wp-image-199320\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-03-01-v-16.07.09-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-03-01-v-16.07.09-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-03-01-v-16.07.09-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-03-01-v-16.07.09-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-03-01-v-16.07.09-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly CFX\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/CFXUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Conflux Network \u2014 an open protocol for DeFi, decentralized applications and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>, developed on the basis of the consensus algorithm <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-proof-of-work-pow-algorithm\">Proof-of-Work<\/a>.<\/p>\n<p>In November 2022, DWF Labs <a href=\"https:\/\/u1f987.com\/en\/news\/onomys-cosmos-based-defi-protocol-raises-10-million\">supported<\/a> the Onomy DeFi protocol team in a $10 million round.<\/p>\n<p>Earlier in February 2023, the infrastructure Web3 startup Polyhedra Network <a href=\"https:\/\/u1f987.com\/en\/news\/polyhedra-network-raises-10-million-in-round-led-by-binance-labs-and-polychain-capital\">raised $10m<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Conflux blockchain startup team raised $10 million from investment firm DWF Labs through the sale of CFX tokens from the reserve.<\/p>\n","protected":false},"author":1,"featured_media":74842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1924,1133],"class_list":["post-74841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-conflux","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74841"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74841\/revisions"}],"predecessor-version":[{"id":74843,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74841\/revisions\/74843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74842"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}