EOS Network Lands $60M Investment: DWF Labs Boosts Adoption
• DWF Labs has announced an alliance with the EOS Network Foundation (ENF), providing a $45 million EOS token purchase agreement and a $15 million pledge for EOS-based projects.
• The ENF plays a pivotal role in the EOS network’s development by coordinating support, creating feedback loops for innovation, promoting community involvement, allocating funding and facilitating the growth of the EOS ecosystem.
• The synergy between DWF Labs and the EOS project is set to unlock potential in the blockchain ecosystem and the world of web3.
DWF Labs Investing Over $60 Million in Partnership with EOS Network Foundation
In its most substantial investment to date, DWF Labs, a digital asset market maker and investment firm, has announced an alliance with the EOS Network Foundation (ENF), entailing an investment deal worth over $60 million. This partnership is composed of a $45 million EOS token purchase agreement and a $15 million pledge to invest in businesses and projects based on EOS.
The Role of ENF in Supporting Development of the EOS Network
The ENF plays a pivotal role in developing the EOS network by coordinating support, creating feedback loops for innovation, promoting community involvement, allocating funding and facilitating the growth of the EOS ecosystem. Furthermore, DWF’s timing aligns nicely as this collaboration comes ahead of when The EVM launch is scheduled on April 14th which features speed that surpasses Polygon BSC Avalanche at over four times more swaps per second.
DWL Lab’s Recent Investments
DWL Lab’s have emerged as an investor during crypto bear market making investments such as: A$20 million fundraise for derivatives trading platform Synthetix; A$40 million raise for AI-focused crypto protocol Fetch.ai; etc.
Synergy between DWL Labs & The Project
The synergy between DWL Lab’s & The Project is set to unlock potential in both blockchain ecosystems & world wide Web 3 applications through resources & expertise respectively ensuring a future for The Project itself.
Conclusion
Overall this partnership sets to bolster up The Project through finance & development while also aiding other projects within it while laying down a strong foundation that will ensure success into its future endeavors.
