Global cryptocurrency investment firm DWF Labs has taken the initiative to accelerate the development of MovieBloc.
According to a statement made by market maker DWF Labs, the company is collaborating with MovieBloc, which is “revolutionizing the distribution of independent and short films with blockchain technology.”
MovieBloc will use DWF Labs’ resources to spread its platform and expand its ecosystem.
MovieBlock is a decentralized movie and content distribution platform. Content creators are rewarded for their work on the platform.
MovieBloc (MBL) price rose after the partnership announcement. According to CoinGecko data, MBL increased by 12% to $0.0057 output.
Active in spot and derivative markets on more than 60 exchanges, DWF Labs is among the largest organizations engaged in high-frequency trading in the cryptocurrency industry.
Binance, the largest cryptocurrency exchange, added USDⓈ-M MBL perpetual futures contracts to the exchange last week.