Giant market maker DWF Labs announced that it has invested in TomoChain (TOMO) to strengthen Web3 support, adding a new one to its altcoin investments.
Decentralized applications (dApp) Blockchain network TomoChain, which is working to develop the market maker DWF Labs, announced in its official blog post on Monday, October 2. Strengthening web3 infrastructure support announced that it received investment for .
In the statement made by the TomoChain team, this investment layer-1 (L1) infrastructure and Web3 It was stated that it will be used for initiatives and ecosystem expansion:
This investment will strengthen TomoChain’s Layer-1 blockchain infrastructure and contribute to the mass adoption of Web3. DWF Labs, with its wide network in the industry, will add significant value in strengthening and integrating our ecosystem development roadmap. We will work actively by developing ecosystem initiatives and tools to continue sustainable growth and expansion.
TomoChain, which moved to the mainnet about 5 years ago, said that the funds collected will be used to expand the team and accelerate the work on layer-1 infrastructure.
According to CoinGecko data, with the influence of news flow 14.6% TOMO, which is on the rise, $1.30 from level for $1.49 reached. TOMO while writing from $1.47 finds buyers.
Many projects that DWF Labs has invested in recently have attracted attention with a significant increase with the news of the investment.