[Golden Finance] DWF Labs, a company that has emerged in the cryptocurrency industry with the "VC + market-making" model, has been accused by industry insiders of manipulating the market in the name of investment, but its influence in the industry is growing. DWF Labs was founded in June 2022, when the industry was in a bear market, and it won market recognition by providing liquidity for small and medium-sized projects. According to Andrei Grachev, founder of DWF Labs, the company has invested in more than 740 projects, and the number of investments has increased significantly since November 2023. Recently, DWF Labs has begun to change its investment strategy, no longer just investing in "half-dead" projects, but has begun to focus on the hottest projects and Meme coins in the industry. In addition, DWF Labs has also begun to participate in the specific construction of the industry, such as participating in AirDao's node verification and launching POS nodes on Conflux. Although DWF Labs' behavior has caused controversy in the industry, its influence on the industry cannot be ignored.