Crypto Market Maker and Investor DWF Labs said it set up a $ 250 million fund for investing in mid- and large-cap cryptocurrency projects.

Investment sizes range from $ 10 million to $ 50 million per year. Project that provides capital and ecosystem support, DWF Labs said in a Monday -e email.

The company emerged as a productive crypto industry investor in 2023, where much of its investments involved buying millions of dollars worth of a project’s native token. The procedure, which differs from the traditional venture capital model for investment in return for equity, withdrew some criticism from commentators.

DWF Labs’ position as a market manufacturer meant they kept their tokens on exchanges, indicating a risk of selling them at any time. Managing partner Andrei Grachev told Coindesk in May 2023 that the company kept most of its foundations and investments on centralized stock exchanges, and that the transfer of symbols to an exchange does not indicate that the company will sell.