EOS Network lands $60M investment and partnership from DWF Labs

In its astir important concern to date, DWF Labs, a integer plus marketplace shaper and concern firm, has announced an confederation with the EOS Network Foundation (ENF), entailing an concern woody worthy implicit $60 million. EOS is simply a Layer-1 web for developers looking to physique blockchain-based games (GameFi) and deploy decentralized applications (dApps).

DWF is bolstering the EOS Network by means of a $45 cardinal EOS token acquisition statement and a $15 cardinal pledge to put successful businesses and projects based connected EOS. This pledge is aimed astatine expediting the enlargement and acceptance of the EOS Network.

The ENF plays a pivotal relation successful the EOS network’s improvement by coordinating support, creating feedback loops for innovation, promoting assemblage involvement, allocating backing and facilitating the maturation of the EOS ecosystem.

The timing of this collaboration is advantageous, arsenic the EOS Network is acceptable to unveil its enterprise-grade EOS Ethereum Virtual Machine (EVM) connected April 14, featuring that surpasses Polygon, BSC and Avalanche, with implicit 4 times much swaps per second.

The synergy betwixt DWF Labs and the EOS task is acceptable to unlock imaginable successful the blockchain ecosystem and the satellite of web3. The concern volition bring unneurotic their respective expertise and resources, ensuring a aboriginal for the EOS Network.

Related: Synthetix nets $20M from Web3 quant trading firm

DWF Labs has emerged arsenic an capitalist during the crypto carnivore market. Recent investments person included a $20 cardinal fundraise for derivatives trading level Synthetix and a $40 cardinal rise for AI-focused crypto protocol Fetch.ai.

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