DWF Labs, a market maker and investment firm, has recently signed a $16 million deal with Web3 company RACA. This deal includes the purchase of an unknown amount of RACA tokens, which will help the company succeed in its goal of becoming an expansive gaming ecosystem.

RACA, established in 2021, started out by managing the non-fungible tokens (NFTs) of Maye Musk, mother of Elon Musk. The company has since then launched its own R3 game framework, USM.WORLD, a Sim City-esque builder game, Looki Looki Jazzi, a social party game, JAZ, a DID wallet, and a NFT marketplace.

DWF Labs have earned themselves the reputation of being one of the most active investors during the cryptocurrency bear market. Examples of their investments include Synthetix, a derivatives trading platform for which a $20 million fundraise was accumulated, and Fetch.ai, an AI-focused crypto protocol with a $40 million raise.

RACA's token, at the time of this publication, was showing little to no movement over the last 24 hours at $0.0001946, according to CoinMarketCap.

To conclude, DWF Labs fresh investment of $16 million in RACA will serve as an instrument for the Web3 Gaming Ecosystem, thus helping develop its designated goals. Previous investments from DWF have resulted in successful outcomes, and it is expected that this one will have the same outcome. From blockchain and non-fungible token marketplaces, to game simulations, AI protocols, and more, it seems that with the help of this investment, RACA will soon be the hub of Web3 gaming art.



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