Algorand

Million

Foundation

Web3 investment firm DWF Labs announced a partnership with <a target="_blank" href="https://tokeninsight.com/en/coins/algorand/overview">Algorand</a> Foundation to support the health and growth of the ecosystem built on the Algorand blockchain.
The first component of the partnership involves a $50 million ALGO token purchase agreement to, in part, provide liquidity into the Algorand ecosystem. An additional MOU has been signed with the aim of allocating funds to support projects that are building on the Algorand blockchain in the spaces of DeFi, Art and Music, Gaming, Oracles and Bridges, and Infrastructure.
Algorand ($ALGO) is a decentralized PoS based Layer1 public blockchain infrastructure that supports smart contracts applications.
&nbsp;
<a target="_blank" href="https://tokeninsight.com/en/cryptocurrencies">TokenInsight</a> is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>. Your trust will be well respected.

DWF Labs Partners with Algorand Foundation and Will Purchase $50 Million $ALGO

TokenInsight

Other articles published on Jun 26, 2023

The Truth Behind Scorpion’s Rapid Presale Progress – Is the Daily Passive Income Offer up to $10,...

Shiba Inu’s Price Skyrockets as Shibarium Unveils Exciting Ecosystem Updates

OKX Ventures Invests in 3 Major Projects, Driving Innovation in DeFi, Derivatives, and MEV Solutions

'Bull Market Is Just Starting' Wall St. Traders Bet, But Is It for Crypto?

Cryptocurrency Step from HSBC: Will Allow Customers in Hong Kong to Buy and Sell Bitcoin and Ethe...

ByBit’s License Approval Boosts Crypto Adoption in Cyprus

Join our free newsletter for daily crypto updates!