DWF Labs CEO Andrei Grachev supported the project. to announce Subsequently, the PROM token surged over 90% in a few hours. According to CoinMarketCap data, altcoin It suddenly rose to $14.6, a level seen since December 2021.
I just did my first investment in a crypto project, by my own, not by DWF. I invested in @prom_io with a commitment to hold coins for at least 1 year and support the project properly.
Not endorsement, NFA, DYOR
LFG!NEWS CONTINUES BELOW— Andrei Grachev (@ag_dwf) February 14, 2024
Prom is a non-fungible token (NFT) marketplace and rental platform that facilitates unsecured rental and mortgage services. Through this platform, players have access to renting gaming assets without requiring any collateral, while also lending their assets to other players to generate additional income.
Although the amount of the investment was not disclosed, Grachev committed to hold the coins for at least a year and support the project as necessary. He also emphasized that the investment was made solely by him and DWF Labs had no involvement in the transaction.
DWF Labs, crypto- It is known for its unique investment approach in its field. As previously mentioned, the activities of DWF Labs, which is described as a venture capital company, are more similar to the operation of over-the-counter trading desks.
Rather than making traditional investments, DWF Labs appears to prefer making direct deals with existing token-holding projects, calling these deals “strategic partnerships” rather than regular investments. The firm acknowledges market-making activities but denies any intention to manipulate markets or engage in unethical practices by keeping most of its investments in centralized exchanges.
