- They have increased investment in the blockchain project Conflux
- The total investment is now $28 million
- Conflux is considered one of the most successful crypto projects in Asia
Market maker DWF Labs announced an additional $18 million purchase of CFX tokens. Thus, the total amount of their investment rose to $28 million dollars.. The previous $18 million purchase of CFX tokens took place in March 2023.
Conflux plans to deploy new capital to further grow its ecosystem in Asia and Hong Kong.
Conflux’s blockchain has been growing rapidly of late. In May, Conflux Network and China Telecom unveiled their jointly developed Blockchain SIM card (BSIM). This is the world’s first blockchain-based BSIM card.
Conflux became one of the first McDonald’s brand partners. This happened back in 2021. To commemorate the 31st anniversary of the opening of restaurants in China, McDonald’s introduced its own NFT Big Mac Rubik’s Cube. These tokens were issued on the Conflux network and were distributed to McDonald’s employees and customers.
Meanwhile, DWF Labs is actively investing in other crypto projects. The other day they entered into a partnership with the Algorand Foundation. As part of it, DWF Labs will buy $50 million worth of ALGO tokens.
In April, DWF Labs invested $60 million in the EOS Network. Blockchain is now introducing major upgrades and preparing to become one of the fastest and most reliable networks.
Market maker is also interested in memcoin projects. In May, DWF Labs bought $5 million worth of FLOKI tokens.