DWF Labs Injects IDR 15.5 Billion In Funds To Theta Labs, Supports Cloud Computing Development

DWF Labs disbursed funds to crypto developer THETA. (Photo; Doc. DWF Labs)

JAKARTA - Theta Edgecloud, an innovative hybrid cloud computing system from Theta Labs ecosystem, has received serious support from venture capital firm DWF Labs. Theta Labs is a crypto asset developer entity Theta Network (THETA).

DWF Labs disbursed $1 million to boost the development of the Theta Edgecloud cloud computing system, which combines blockchain technology with emerging industries, such as videos, 3D rendering, artificial intelligence (AI), and machine learning.

Theta Edgecloud distinguishes itself from other cloud computing systems by providing flexible hybrid models, designed to meet various business and individual needs. The system utilizes distributed processing power from edge node networks (edges), consisting of thousands of private computers connected via blockchain.

Thus, Theta Edgecloud can offer lower costs, higher performance, and better security than centralized cloud computing providers, such as Microsoft Azure, Amazon Web Services, and Google Cloud.

Theta Edgecloud aims to serve a growing global demand for enhanced CPU and GPU processing power, which is crucial in a variety of domains, such as video production, AI development, scientific research, and finance. The system can also handle GPU-intensive tasks, such as mass video rendering, encoding, and streaming, by improving quality and efficiency significantly.

The strategic funding of DWF Labs shows their confidence in Theta's pioneer technology. DWF Labs believes that Theta's innovative solutions have the potential to revolutionize the provision of global media, AI, and other digital services by increasing connectivity and easy optimization. These venture capital firms plan to collaborate more intensely with Theta, supporting their ambitious vision of shaping an efficient and decentralized digital landscape.

Previous Investment

Recent developments, previously DWF Labs also showed further support for FLOKI, Elon Musk's dog-inspired meme coin, by investing an additional $1.25 million in its ecosystem.

This investment is part of their initial commitment to the project, having previously purchased 5 million US dollars (Rp77.6 billion) worth of the meme coin at the start of their partnership this year. The goal of this partnership is to encourage token growth.

More than just financial support, the collaboration between DWF Labs and FLOKI also involves contributing innovative solutions and valuable resources to help this meme coin project in its efforts to become one of the most widely used and popular digital assets worldwide.