EOS Network Raises $60M From DWF Labs: Details

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As per a recent article, DWF Labs, a digital asset market maker and investment business, has established an agreement with the EOS Network Foundation (ENF), that involves an investment transaction of more than $60 million, marking its largest investment to date. 

EOS is a Layer-1 network for developers who want to create blockchain-based games (GameFi) and deploy decentralized apps (dApps).

With a $45 million EOS token sale arrangement and a $15 million commitment to invest in EOS-based companies and initiatives, DWF is supporting the EOS Network. This commitment aims to hasten the adoption and growth of the blockchain network. 

EOS and DWF Partner Up

Through support coordination, innovation feedback loop creation, community engagement promotion, funding distribution, and ecosystem growth facilitation, the ENF plays a crucial role in the establishment of the EOS network.

The blockchain project and DWF Labs’ collaboration will provide possibilities in the web3 and blockchain ecosystems. The collaboration will bring together their individual skills and experience to secure the future of the EOS Network. 

The timing of this partnership is beneficial because on April 14 the EOS Network will introduce its enterprise-grade EOS Ethereum Virtual Machine (EVM), which outperforms Polygon, BSC, and Avalanche with more than four times more swaps per second.

Technical issues, legal obstacles, and the erratic nature of cryptocurrencies are just a few of the difficulties the web3 gaming business has had to deal with. Many people now have doubts about the ecosystem’s prospects in the future as a result of this. 

However, with creativity and teamwork, these hurdles may be addressed, and the opportunity of blockchain technology in the gaming sector can be completely achieved. 

Robby Yung, CEO of Animoca Brands, committed to produce more fascinating games in 2023 despite obstacles in the way of the Web3.0 gaming sector in January. The Animoca Brands CEO mentioned that the issues encountered were like a double-edged knife.

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