Decentralized identity protocol Litentry announced that it has partnered with global market maker DWF Labs.
Litentry and DWF Labs will work to improve the decentralized identity management of the Web3 ecosystem. Hanwen Cheng, founder of Litentry (LIT), said:
“We are delighted to partner with DWF Labs on our mission to revolutionize identity solutions in the Web3 ecosystem. “Our investment expertise and connections in the blockchain space make DWF Labs a great partner for us to connect with more dApp developers and further integration with Litentry’s IdentityHub.”
Recently introduced by Litentry, IdentityHub enables people to manage data linked to their digital identities across different platforms. It was announced that the product reached more than 20,000 users in the first week of its launch.
“Together with Litentry, we will make the digital world more secure, private and user-oriented,” said DWF Labs Managing Partner Andrei Grachev. said.
DWF Labs has made hundreds of investments across the blockchain industry to date. Grachev, company Investment in 174 projects After announcing what he had done, “This represents only 40% of our portfolio.” he said.