SOMESING, an industry trailblazer as the world’s first blockchain-based ‘Sing Platform,’ is excited to announce a significant strategic partnership with DWF Labs, a leading global Web3 investor, marking a pivotal development in November 2023.
This infusion of capital represents an additional investment from DWF Labs, expanding upon the success of last year’s investment. This signifies a strategic alliance to construct the ‘Singverse (Sing+Universe),’ an initiative to unite individuals through the universal language of music. Within this collaboration, SOMESING continues to implement a comprehensive global localization strategy to fortify its presence on a global scale.
DWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Leveraging its extensive global networks and resources, DWF Labs is dedicated to facilitating the growth of the SOMESING ecosystem, propelling SOMESING to new heights of success over the next two years.
The SOMESING platform is a dynamic space where users worldwide can express themselves by singing their favourite tunes and relishing top-tier recordings from fellow users without any associated costs. The platform’s ingenuity lies in its carefully designed token economy, which guarantees transparent and equitable rewards for content creators through the seamless operation of smart contracts embedded in the blockchain network.
A SOMESING official expressed, “Building upon the strategic investment from DWF Labs, SOMESING is poised to enhance user experience through continuous R&D on a global scale, implementing a localization strategy for global expansion and promoting a partnership to build a Web3-based Singverse. Our collaboration with DWF Labs will extend to listing the SSX token on additional global CEX/DEX platforms as a pivotal component of our overarching global expansion strategies. This strategic alignment opens new avenues for prospective investors and users seeking a pioneering, technologically advanced platform within the cryptocurrency market.”