DWF Labs, the new generation Web3 investor and liquidity provider, has committed to investing $10 million in TokenFi’s TOKEN over a two-year period, marking a significant step in the platform’s expansion towards AI-powered product development.
DWF LABS TO PURCHASE $10,000,000 IN TOKENFI TOKENS
— TokenFi (@tokenfi) March 5, 2024
DWF Labs will purchase $10,000,000 in $TOKEN as part of their commitment towards supporting #TokenFi’s vision of becoming a dominant player in the tokenization industry, which is projected to be worth $16 trillion by 2030.
FULL… pic.twitter.com/fo7co1uW4e
According to CoinDesk, which cited one of the TokenFi developers, tokens will be purchased directly from TokenFi’s treasury, ensuring that ample resources are available to launch new products, such as a generative AI tool for non-fungible tokens (NFTs) and a smart contract auditor. These initiatives are expected to give TokenFi a competitive edge as the tokenisation and AI trends intensify, setting the stage for what could become one of the most dynamic bull runs in crypto.
This is yet another milestone in the partnership: earlier, DWF Labs became TokenFi’s principal crypto liquidity provider.
TokenFi, established in 2023 as a sister project to Floki, offers users a user-friendly online interface to launch or tokenise assets without writing code. Initially emerging from its roots as a dog-themed memecoin, the Floki project has evolved into a platform that encompasses the metaverse and DeFi functionalities.
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