DWF Labs, which supported the industry with its investments throughout the bear market, is on the stage again today. Seven figures of new investment led to a 20% rally in this altcoin price. Is there more coming?
DWF Labs showed its impact again with its new investment
AI-focused altcoin project Measurable Data Token (MDT) has secured 7-figure financing from Blockchain investment firm DWF Labs. This fund will be spent on the project’s development of new products. According to the details in the official Medium article:
This partnership allows DWF Labs to inject liquidity and seven-figure financial backing into MDT, strengthening MDT’s ambition to pioneer a decentralized data value creation economy through blockchain technology. The partnership also paves the way for MDT to expand its international footprint, accelerate its growth trajectory and spur the launch of new services and products.
MDT is a decentralized data value creation economy for AI where users, data providers and data recipients can exchange data securely and anonymously via Blockchain. The altcoin project started to take its first steps in 2017. Throughout the process, its ecosystem has created many successful products.
Altcoin price reacted immediately to investment news
Measurable Data Token (MDT), which ranks 517th by market value, gained 20% in value after the investment news. At the time of writing, it is trading in the $0.04736483 region where it has preserved most of its gains. The hourly chart reveals the DWF Labs influence once again.
As Kriptokoin.com, we reported that DWF Labs invested in numerous altcoin projects throughout the 2022 bear market. Measurable Data Token represents the company’s last major 7-digit investment.
About DWF Labs
DWF Labs helps portfolio companies create markets without listing tokens. It also supports OTC trading solutions. Specifically, it is a global cryptocurrency market maker and multi-stage Web3 investment firm.
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