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DWF Labs, one of the important market makers, draws attention with its recent partnerships and the altcoins it invests in.
At this point, the latest news came from DWF Labs and TomoChain.
Sharing on his Twitter account, TomoChain announced that it received investment from DWF Labs.
“We are pleased to announce that TomoChain and DWF Labs have entered into a 7-figure vested token investment agreement.
This investment will support TomoChain's layer 1 blockchain infrastructure and contribute to the mass adoption of Web3.
TomoChain, which launched its main network in 2018 with the vision of creating a fast, efficient and environmentally friendly blockchain infrastructure, has attracted great attention in the blockchain field.
“To drive sustainable growth and expansion, we will also actively work on developing ecosystem initiatives and tools that will foster the continued growth of the TomoChain community.”
#TomoChain announces an investment from @DWFLabs to strengthen Web3 infrastructure backing
This investment is set to bolster TomoChain’s layer-1 blockchain infrastructure and contribute toward driving mass adoption of #Web3
Read more 👉 https://t.co/9Cn1Cl848h pic.twitter.com/jWEJi6BFF7
— TomoChain (@TomoChainANN) October 2, 2023
Following the news, TomoChain's token TOMO recorded a 6% increase and rose to $1.52.
TOMO is trading at $1,466 at the time of writing.
*This is not investment advice.