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DWF Labs has announced an investment of $10 million in TokenFi’s native currency, TOKEN, to support the tokenization sector, projected to reach $16 trillion by 2030.
DWF Labs will purchase the tokens directly from the platform’s reserves over two years and aims to support TokenFi with the necessary capital to develop more transformative and market-leading products.
The funds will be used in TokenFi’s AI-integrated projects, such as its AI-driven NFT generation tool and the AI-based Smart Contract Auditor.
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
Last year, TokenFi announced that DWF Labs would become its primary market maker, and the latest investment further builds on that partnership. Following the announcement, TOKEN’s value surged by 50%, achieving an all-time high of nearly $0.09. TOKEN’s trading volume also surged by almost 140% today.
Launched last year as a sister project of Floki, TokenFi provides a platform that simplifies the tokenization or launching of assets for its users. The memecoin itself has gained significant value throughout the current bull run, as FLOKI gained nearly 200% since last week.