In a significant investment move, DWF Labs, a digital asset market maker and investment firm, has just announced a $60 million partnership with the EOS Network Foundation (ENF). This collaboration serves to bring together DWF’s resources and expertise with the EOS project and jump-start the expansion and acceptance of the EOS Network.

The EOS Network is a blockchain-based platform for developers to build decentralized applications (dApps) and games and supports the use of the EOS token. DWF’s $45 million investment covers the purchase of EOS tokens and the remaining $15 million goes as a commitment to support and invest in EOS-associated projects and businesses.

DWF steadily shows their confidence in the blockchain sphere, having made huge investments recently, such as in derivatives trading platform Synthetix with a $20 million fund and a $40 million raise for AI-focused crypto protocol Fetch.ai.

The ENF, knitted into the EOS network, is responsible for maintaining an open platform, introducing feedback and support, coordinating with the community and assigning funds to projects and products in the EOS ecosystem.

Things are starting to take off speed for EOS as it is set to deploy an enterprise-grade EOS Ethereum Virtual Machine (EVM) on April 14, with four times more swaps per second than Polygon, BSC and Avalanche.

Therefore, the synergies of DWF and EOS are positioned to give rise to potential in the blockchain industry and seed the growth of web3. With an agreement in place between both sides, the EOS Network’s future is looking bright and primed for potentially turning the tide on many of the blockchain initiatives.



Other News from Today