DWF Labs CEO’s Investment Boosts PROM Token by 90%
Prom’s (PROM) token experienced a significant surge of over 90% in just a few hours after DWF Labs CEO Andrei Grachev publicly announced his personal investment in the project. The token’s value reached $14.6, a level not seen since December 2021.
Grachev’s Personal Investment
In a tweet, Grachev confirmed his investment in Prom, expressing his commitment to hold the coins for at least one year and support the project. He clarified that this investment was made solely by himself, with no involvement from DWF Labs.
The Prom Platform
Prom is a gaming non-fungible token (NFT) marketplace and rental platform that allows uncollateralized rentals of NFTs and offers mortgage services. Players can rent gaming assets without collateral requirements and also lend their assets to other players for additional profits.
DWF Labs’ Unconventional Approach
DWF Labs is known for its unconventional investment approach in the crypto space. It operates more like an over-the-counter trading desk than a traditional venture capital firm. The company forms strategic partnerships with projects that already have their own tokens, rather than making regular investments. DWF Labs denies any intention to manipulate markets or engage in unethical practices.
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