DWF Labs to Buy $10M of TokenFi’s TOKEN, Plans to Develop AI Products
Summary
Crypto trading fund DWF Labs plans to buy $10 million of TokenFi's TOKEN over two years. The tokens will be bought from TokenFi's treasury to fund the development of new products incorporating artificial intelligence (AI), including the TokenFi Generative AI for non-fungible tokens (NFTs) and a smart contract auditor. TokenFi, which allows users to launch or tokenize assets, was started in 2023 as a sister project to Floki, a former dog-themed meme coin that has since become a metaverse and decentralized finance platform. Despite this news, TOKEN's value has dropped 3% in the past 24 hours.
