Market maker company DWF Labs made an important move today and invested in the altcoin TomoChain. TomoChain announced the development on its X page.
Investing in altcoin TomoChain from DWF Labs
In its statement, TomoChain announced the collaboration between altcoin TomoChain and DWF Labs. The move aims to strengthen TomoChain’s Layer-1 blockchain infrastructure and drive widespread adoption of Web3 technology.
#TomoChain announces an investment from @DWFLabs to strengthen Web3 infrastructure backing
This investment is set to bolster TomoChain’s layer-1 blockchain infrastructure and contribute toward driving mass adoption of #Web3
Read more 👉 https://t.co/9Cn1Cl848h pic.twitter.com/jWEJi6BFF7
— TomoChain (@TomoChainANN) October 2, 2023
TomoChain is a blockchain platform known for its unwavering commitment to scalability, security and decentralization. Since its mainnet launch in 2018, altcoin TomoChain has been committed to building a blockchain infrastructure that is not only fast and efficient, but also environmentally friendly. This commitment positions TomoChain as a leading player in the blockchain industry.
Leading the mass adoption of blockchain technology
Altcoin TomoChain’s mission is to maximize the underlying benefits of the technology. While doing this, we accelerate the participation of millions of users in the blockchain by minimizing intermediaries. The platform provides a set of distinctive features and protocols designed to meet the demands for speed, privacy, availability and liquidity within a single ecosystem. Supported by the Proof-of-Stake Voting consensus mechanism, TomoChain attracts attention. On the other hand, it has been widely adopted by organizations around the world for commercial use.
In addition to financial investment from DWF Labs, a leading Web3 multi-stage investment firm and liquidity provider, altcoin TomoChain gains access to a wealth of industry connections. This partnership will play a crucial role in strengthening the ecosystem development roadmap. It will also encourage growth and expansion. It will also further fuel the thriving TomoChain community. On the other hand, it will actively collaborate on various ecosystem initiatives and tools.
Significant growth on the horizon
The funds raised will be used to expand the altcoin team. It will also be effective in intensifying technical development efforts to improve Layer-1 infrastructure. When we look at it as Kriptokoin.com, this strategic investment of DWF Labs attracts attention. It also marks an important step in the quest to provide a secure and efficient blockchain solution.
Altcoin TomoChain continues to make strides in blockchain technology. On the other hand, this partnership with DWF Labs has a very important aspect. Accordingly, it reinforces the commitment to driving innovation and mass adoption in the dynamic Web3 environment. Following the development, there was a significant increase in the price of altcoin TOMO. The price has increased by 12% and reached $1.46. In the next period, we will need to look at DWF Labs’ TOMO movements.
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