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, according to Coindesk news, DWF Labs will purchase TokenFi (TOKEN) for $ 10 million within two years as part of the planned move to develop a product suite.
Cryptocurrency trading fund DWF Labs will acquire $10 million worth of TokenFi TOKEN over a two-year period as part of a planned move to develop a suite of products, TokenFi developer “B” said in a Telegram message on Tuesday.
Tokens will be purchased from the TokenFi treasury. This acquisition will enable TokenFi treasury to have the resources to develop new products that incorporate artificial intelligence (AI), such as TokenFi Generative AI and smart contract auditor for non-fungible tokens (NFTs).
Following this news, the TOKEN price experienced a sudden increase.
*This is not investment advice.