DWF Labs, a global cryptocurrency market maker, has been on the agenda with its investments for a while. Because the prices of the altcoin projects in which the company invests are skyrocketing. Therefore, the company is in the focus of investors. Now, the latest altcoin invested by the platform has been revealed. Here are the details…
Altcoin investment from DWF Labs
DWF Labs’ investment aims to increase MOBOX’s liquidity on various exchanges and develop its regional partnerships. According to the announcement, the collaboration will go beyond online events and include collaboration in offline events. DWF Labs Managing Partner Andrei Grachev expressed confidence in the potential of a gaming platform that thrives on user-generated content. “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 via Binance Launchpool and recently introduced the alpha version of its open-world User Generated Content (UGC) game DragonVerse Neo. DWF Labs’ investment is in line with its portfolio, which includes projects such as Tron, Algorand, Synthetix, EOS, IOTA and TON. Following DWF Labs’ investment announcement, MOBOX (MBOX) experienced a 13 percent increase in price, according to TradingView data. It rose from $0.29 to $0.36 on a daily basis. At the time of writing, it has retreated to $0.33.
DWF Labs’ moves attract attention
As we reported above, DWF Labs, an important market maker in the cryptocurrency space, continues its remarkable investment trend in altcoins. In a statement shared on its official account, DWF Labs expressed their excitement about partnering with MOBOX Official, a leading force in the Web3 gaming industry with the assets to collaborate across the expanding gaming ecosystem. The post highlighted MOBOX’s leading position in Web3 gaming, listed on Binance Launchpool in 2021.
The objectives of the investment include providing MOBOX with greater liquidity on various exchanges, increasing synergies between portfolios, expanding regional partnerships, and stimulating growth through public relations and offline collaborations. MOBOX stands out as a gaming platform that integrates yield farming and NFT farming to create a gaming-earning ecosystem. Emphasizing the interoperability of NFT, MOBOX envisions connecting every metadatabase through NFTs between games and platforms.
What are the features of Mobox?
The platform consists of components such as the NFT marketplace, game creator APIs, NFT creator tools, MOMOverse cross-platform metadata, DAG for decentralized autonomous guilds, NFT interoperability, and the MOBOX chain, a unique NFT POS blockchain network. MOBOX’s vision revolves around creating a decentralized and interconnected metaverse, rewarding players, developers, and collectors for their participation on the platform.
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