Global cryptocurrency market maker DWF Labs announced that it has made a strategic investment in Web3 project MOBOX.
DWF Labs’ investment will expand MOBOX’s liquidity on various exchanges and increase its regional partnerships. According to the statement, the parties will also cooperate in offline events.
Andrei Grachev, Managing Partner of DWF Labs, “Our investment in MOBOX reflects our belief in the potential of a gaming platform driven by user-generated content.” said.
MOBOX entered the market in 2021 through Binance Launchpool. This month, MOBOX announced the alpha release of DragonVerse Neo, an open-world UGC game.
DWF Labs’ portfolio includes projects such as Tron, Algorand, Synthetix, EOS, IOTA, TON.
According to TradingView data, MOBOX (MBOX) price started to rise after DWF Labs’ investment announcement. MBOX gained more than 13 percent in value in a short time, rising from $ 0.3173 to $ 0.3586.