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Liquidity aggregator protocol Orion has announced that it has secured an investment from DWF Labs to expand its ecosystem.
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DWF Labs has announced a large strategic investment in Prom. This is Web3 gaming’s turning point.
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Crypto trading fund DWF Labs will purchase $10 million of TokenFi’s TOKEN over a two-year period as part of a planned move to develop a suite of products, TokenFi developer “B” told CoinDesk in a Telegram message on Tuesday.
The tokens will be purchased from TokenFi’s treasury. This will ensure that the treasury has the resources to develop new products that incorporate artificial intelligence (AI), such as the TokenFi Generative AI for non-fungible tokens (NFTs) and a smart contract auditor.
TOKEN jumped 50% to nearly 9 cents, crossing its all-time high, after the DWF Labs news came out. Meanwhile, the broader CoinDesk 20 index (CD20) is up over 5%.
“This will give TokenFi an edge as the tokenization and AI wave catches on heading into what will be crypto’s most explosive bull run,” B shared in the message.
TokenFi enables users to launch or tokenize assets using its online interface. It was started in 2023 as a sister project to Floki, a former dog-themed meme coin that has since pivoted into a metaverse and decentralized finance platform.
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Industry-leading digital asset market maker and multi-stage Web3 investment firm DWF Labs will purchase $10,000,000 in FLOKI tokens as part of their commitment towards supporting the Floki Ecosystem.
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Beta Finance announced a partnership with DWF Labs aimed at improving the capital efficiency of assets in DeFi.
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According to Foresight News, Ordiswap, a Bitcoin DeFi project, has announced its collaboration with DWF Labs and has received strategic investment to develop DeFi infrastructure and ecosystem for Bitcoin.
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