Sunday, December 22

South Korea-based blockchain gaming firm MARBLEX has secured ‘6-digit investment’ from DWF Labs. The exact funding amount was not disclosed by the companies.

DWF Labs, the multi-stage Web3 investment firm, has recently launched operations in Korea, and has now doubled down its commitment to support the Web3 ecosystem in the region. Just a week after announcing the opening of the new office, DWF Labs today revealed their first partnership and investment in MARBLEX (MBX).

Andrei Grachev, Managing Partner of DWF Labs, said: “Our partnership with MARBLEX is yet another milestone in our investment strategy. We are bullish on the overall long-term performance of the whole industry and web3 ecosystem.

MARBLEX, a blockchain subsidiary of leading mobile game developer and publisher Netmarble Corp., has created a digital playground for Web3 gamers to thrive, hosting games such as ‘A3: Still Alive’ and ‘Ni no Kuni: Cross Worlds’.

MARBLEX intednds to bring the highest quality blockchain games to market with AAA titles. MARBLEX is a well-established company with over 6,000 collaborative employees, including game industry veterans and blockchain technology experts from across the globe.

MARBLEX continues to grow its partnership network, adding DWF Labs to the list, which currently include some of the most well known names in Web3, such as: Klaytn, Ozys, Swapscanner, and Haechi Labs.

“We are thrilled to be partnering with DWF, one of the leading global investment firms, and we believe that this partnership will help us greatly in completing our Game-Fi ecosystem,” MARBLEX said in a press statement.

DWF Labs announced earlier this moth that it will support web3 companies affected in the aftermath of the FTX fallout with investments, loans, and liquidity provisions.

Read Also: Tezos, Unity Join Forces To Bring Web3 Gaming To The Most Popular Game Development Platform

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Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

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