DWF Labs Invests $10M in TokenFi for AI-Push, TOKEN Crosses All-Time High

As part of an intended move to establish a suite of products, cryptocurrency trading firm DWF Labs plans to buy $10 million of TokenFi’s TOKEN over a two-year period, TokenFi creator “B” informed CoinDesk in a Telegram chat on Tuesday.
TokenFi’s treasury will be used to buy the tokens. This will guarantee that the Treasury has the funds necessary to create new artificial intelligence (AI) products, such the smart contract auditor and the TokenFi Generative AI for Non-fungible Tokens (NFTs).

Following the release of the DWF Labs news, TOKEN saw a 50% increase to almost 9 cents, surpassing its record high. In the meantime, the CoinDesk 20 index (CD20) has increased by more than 5%.
“TokenFi will benefit from this as the tokenization and artificial intelligence wave gains traction leading into the most explosive bull run in cryptocurrency history,” B wrote in the message.

Through its web interface, TokenFi allows users to launch or tokenize assets. It began as a sibling project of Floki in 2023, a meme coin with a dog motif that later transformed into a decentralized finance platform and metaverse.