DWF Labs has revealed plans to invest $10 million in TokenFi’s native cryptocurrency, TOKEN, with the objective of bolstering the tokenization sector, which is anticipated to reach $16 trillion by 2030. The investment will occur gradually over a two-year period, as DWF Labs directly acquires tokens from TokenFi’s reserves. This financial infusion aims to provide TokenFi with the necessary resources to develop innovative products that can drive transformation and establish market leadership.
The allocated funds will primarily support TokenFi’s AI-driven initiatives, including its AI-integrated NFT generation tool and the AI-based Smart Contract Auditor. This investment further solidifies the partnership between TokenFi and DWF Labs, with the latter previously announced as TokenFi’s primary market maker. Following the investment announcement, TOKEN experienced a significant surge in value, reaching an all-time high of nearly $0.09, accompanied by a substantial increase in trading volume.
TokenFi, launched as a sister project of Floki last year, offers a user-friendly platform for simplifying asset tokenization and launches. Notably, Floki itself has witnessed considerable growth during the current bullish market conditions, with its value increasing by almost 200% in the past week.
