This Altcoin Receives Million Dollars Investment, Its Price Soars!

CryptocurrencyWhile the expectations for the future of the future are rising, many projects continue to collect millions of dollars in funds.

In this context, the investment company DWF Labsdecentralized storage project Crust Network’e invested.

Crust Network announced on Twitter that it has received millions of dollars in investment from DWF Labs, which will be used to further develop its infrastructure and expand its business in decentralized storage.

As part of this investment, Crust Network announced that they will launch the EVM storage service, which provides decentralized storage solutions for EVM-based blockchains, on July 17.

🍻 https://t.co/IEwczU4Siv

— Crust Network (@CrustNetwork) July 10, 2023

Luke Fan, CTO of Crust Network, Uniswap and AAVE Noting that a total of 65 Web3 projects, including the U.S., have already started using Crust for storage, he said:

“It’s great that the DWF Labs team is focusing on the upcoming Crust ecosystem and lending their expertise and capital to the launch of Crust’s EVM Storage.”

Andrei Grachev, managing partner of DWF Labs made the following statements:

“We are excited to support Crust’s vision to revolutionize decentralized storage by providing a secure, scalable and interoperable platform for data storage and retrieval across multiple chains.

We are excited to add our expertise and capital to the upcoming launch of Crust’s EVM Storage and to see huge potential in the 150+ projects currently being built on the Crust Network.

We look forward to seeing the continued success of Crust in Web3 Storage.”

Crust Network’s token after DWF Labs’ investment news CRU CRU, which rose to $ 0.8141, continues to trade at $ 0.8087 at the time of writing.

*Not investment advice.