DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin purchases and investments.
At this point, Velo Labs announced that it received an investment of $ 10 million from DWF Labs.
🚀 Exciting Update from Velo!🌐
🌟 New Milestone: Secured $10M Investment from DWF Labs.
💡 "Hack-a-TONxDWFxAWS": Mentored developers, fostering DWF ecosystem innovation.
— Velo Official (@veloprotocol) November 10, 2023
In the statement, it was reported that Velo Protocol aims to use blockchain technology to create a harmonious financial ecosystem through products and services, improve global asset flows and financial inclusion, as well as promote mainstream adoption of digital assets.
Following the investment news, Velo Protocol's token VELO experienced an increase of more than 10%. VELO, which retreated slightly afterwards, is currently continuing its rise with an increase of 5%.
*This is not investment advice.