BlocksInform
Beldex, a Web3 ecosystem of decentralized applications that protect users' data and identity, has raised $25 million through a new partnership with digital-asset market maker and investment firm DWF Labs. Funding will help fuel research and development for the beldex ecosystem, and dwf will be used to advise and assist in commercialization.
'We are enthusiastic about the beldex ecosystem, which offers scalable and secure decentralised applications giving priority to privacy,' said dwf labs managing partner andrei grachev in the announcement post. 'The bdx token is an integral part of this ecosystem, offering a secure payment method that encourages users to contribute. We believe Beldex's innovative solutions and its emphasis on privacy protection and decentralization make it an important player in the cryptocurrency space."
The Beldex ecosystem includes a BChat private messaging application, a decentralised private BelNet network, a Beldex Web3 browser and the Beldex privacy protocol, which allows anonymous transfers of assets between different blockchain.
The funding comes as the crypto winter pushed venture-capital investments in crypto projects down 91% year-over-year in January, though infrastructure projects remained relatively strong.
