EOS Network secures $60 million investment and collaboration with DWF Labs.

In its largest investment to date, DWF Labs, a digital asset market maker and investment firm, has revealed a partnership with the EOS Network Foundation (ENF), involving an investment agreement exceeding $60 million. EOS serves as a Layer-1 network for developers aiming to create blockchain-based games (GameFi) and implement decentralized applications (dApps).

DWF is enhancing the EOS Network through a $45 million EOS token acquisition agreement and a $15 million commitment to invest in enterprises and initiatives centered around EOS. This commitment is designed to accelerate the growth and adoption of the EOS Network.

The ENF is crucial to the development of the EOS network by coordinating support, establishing feedback mechanisms for innovation, encouraging community participation, distributing funding, and fostering the expansion of the EOS ecosystem.

The timing of this partnership is favorable, as the EOS Network is poised to launch its enterprise-grade EOS Ethereum Virtual Machine (EVM) on April 14, which is expected to outperform Polygon, BSC, and Avalanche, achieving over four times the number of swaps per second.

The collaboration between DWF Labs and the EOS project is anticipated to unlock opportunities within the blockchain ecosystem and the web3 landscape. The partnership will combine their respective expertise and resources, securing a promising future for the EOS Network.

Related: Synthetix nets $20M from Web3 quant trading firm

DWF Labs has emerged as an investor during the crypto bear market. Recent investments have included a $20 million fundraising for derivatives trading platform Synthetix and a $40 million raise for AI-focused crypto protocol Fetch.ai.

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