Leading decentralized, secure compute network ARPA Network declared today that DWF Labs had made a multimillion-dollar strategic investment in it.
ARPA Network Announces Investment from DWF Labs
After this investment, the partnership between DWF and ARPA is official. The partnership will provide a vibrant and dynamic environment ready to transform the blockchain landscape and introduce new standards of privacy, security, and fairness. In short, the partnership will bring several advantages to both parties.
For example, ARPA’s cryptography and blockchain research and development capabilities will be further enhanced. On the other hand, actions will be taken aimed at establishing a link with DWF’s portfolio projects and facilitating the broader use of threshold signature schemes across multiple verticals in the blockchain industry.
What Will the Partnership Bring to ARPA Network?
With the help of funding from DWF, ARPA will hasten the creation of cutting-edge software built on its infrastructure, such as solutions for blockchain validator task distribution, NFT minting, gaming, lotteries, and whitelisting.
“We are thrilled to have DWF as a partner in our journey to democratize secure computation. While the investment will help to accelerate our R&D, DWF’s extensive experience and resources in the digital asset market will undoubtedly boost our growth and enable us to develop more groundbreaking solutions for the blockchain ecosystem.”
Felix Xu, co-founder of ARPA Network
Through this agreement, ARPA will receive the extra funding and assistance it needs to maintain its quick growth and development, increase the scope of its marketing initiatives, enhance its brand recognition, and engage a wider range of people across various industries. In short, ARPA is now well-position to advance and take advantage of the many opportunities that lay ahead as a result.
About ARPA Network
Founded in 2018, the privacy-preserving multiparty computation (MPC) network ARPA was formerly known as ARPA Chain. Blockchains can now be more fair, secure, and private with the ARPA Network (ARPA), a decentralized secure computation network.
Moreover, a trustworthy foundation for verifiable random number generators (RNGs), safe wallets, cross-chain bridges, and decentralized custody across many blockchains is offered by ARPA’s threshold BLS signature network.
Leave a comment