DWF Labs to acquire $10m in TokenFi tokens over 2 years

2024-03-05 07:11:39

DWF Labs has announced an investment of $10 million in TokenFi’s native currency, TOKEN, to support the tokenization sector, projected to reach $16 trillion by 2030

DWF Labs will purchase the tokens directly from the platform’s reserves over two years and aims to support TokenFi with the necessary capital to develop more transformative and market-leading products.

The funds will be used in TokenFi’s AI-integrated projects, such as its AI-driven NFT generation tool and the AI-based Smart Contract Auditor.

Last year, TokenFi announced that DWF Labs would become its primary market maker, and the latest investment further builds on that partnership. Following the announcement, TOKEN’s value surged by 50%, achieving an all-time high of nearly $0.09. TOKEN’s trading volume also surged by almost 140% today

Launched last year as a sister project of Floki, TokenFi provides a platform that simplifies the tokenization or launching of assets for its users. The memecoin itself has gained significant value throughout the current bull run, as FLOKI gained nearly 200% since last week

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.