Multi-stage Web3 investment firm DWF Labs has acquired an additional $1,250,000 in $FLOKI tokens from the Floki Treasury.
With the purchase, finalized in early November, DWF Lab aims to demonstrate its commitment to strengthening the Floki ecosystem.
Reports indicate that DWF Labs will provide essential resources to turn Floki into a household name and TokenFi into the leading tokenization platform in a market projected to be worth $16 trillion.
The collaboration between Floki and DWF Labs began in May 2023, marked by DWF Labs' initial purchase of $5 million worth of FLOKI tokens. The partnership has evolved, with DWF Labs now serving as the exclusive market maker (MM) for Floki's latest venture, TokenFi.
TokenFi, Floki's recent venture, launched on October 27, has gained widespread attention within the crypto community. With its What You See Is What You Get (WYSIWYG) interface, TokenFi reportedly simplifies the token creation process and asset tokenization.
TokenFi enhances liquidity and facilitates connections with exchanges and market makers. It is available on five networks—Ethereum, BNB Chain, opBNB, Base, and Arbitrum—TokenFi.
At the time of writing, the Floki token is trading at $0.00004396, up 22% within hours of the announcement. Whereas, TokenFi’s TOKEN is trading at $0.05101 at press time, up 50% in the last 24 hours.
