DWF Labs launches $20M fund to boost AI agent development

Market maker DWF Labs has introduced a $20 million fund to support independent developers creating AI agents, a rapidly growing sector in Web3 with applications in finance, logistics, entertainment and governance, according to BeInCrypto. The initiative follows similar funding efforts, including a recent $20 million fund for meme coin creators. Developers can receive up to $100,000 in cloud server credits and strategic advisory services to advance their projects. Managing Partner Andrei Grachev emphasized the transformative potential of AI agents in automating decisions and unlocking new economic opportunities.