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DWF Labs has announced a $10 million investment in TokenFi's native currency, TOKEN, to support the tokenization industry, which is projected to reach $16 trillion by 2030.
DWF laboratories buys tokens directly from the platform's reserves for two years and aims to support TokenFi with the capital necessary to develop more transformative and market-leading products.
The funds will be used on TokenFi's ai-integrated projects, such as its ai-powered nft generation tool and ai-based Smart Contract Auditor.
Last year, TokenFi announced that DWF Labs would become its primary market maker, and the latest investment builds on that partnership. After the announcement, TOKEN The value increased by 50%, reaching an all-time high of almost $0.09. TOKEN trading volume also increased by almost 140% today.
Launched last year as a sister project to Floki, TokenFi provides a platform that makes tokenizing or launching assets simple for its users. Memecoin itself has gained significant value during the current bull run, with FLOKI gaining almost 200% since last week.
