While expectations for the future of cryptocurrencies are rising, many projects continue to raise millions of dollars in funds.
In this context, investment company DWF Labs has made one of its biggest and most important investments to date, to the EOS Network Foundation (ENF), and signed an investment agreement of 60 million dollars.
DWF has committed to purchase EOS tokens with $45 million of its investment, and investing $15 million in EOS-based businesses and projects.
This investment is aimed at accelerating the expansion and adoption of the EOS Network.
EOS, which experienced a great rise after the investment news, went up to $ 1.27. However, EOS, which has experienced some pullback, continues to trade at $1.26 at the time of writing.
What is EOS Network?
EOS is a Tier-1 network for developers who want to build blockchain-based games (GameFi) and distribute decentralized applications (dApps).
EOS Network will launch its enterprise-grade EOS Ethereum Virtual Machine (EVM) on April 14, surpassing Polygon (MATIC), BSC and Avalanche (AVAX) with more than four times the exchange per second.
*Not investment advice.
