Cryptocurrency News: Floki, the dog-themed digitalย currency, along with the uber- trending PEPE coin hasย evolved a driving force in theย present memecoin season, which has reignited interest in these unpredictable and volatile digital assets. In a move that further bolsters its growth prospects, the Floki project postedย on Thursday a strategic partnership with DWF Labs, a prominent Webย 3.0 financing company in the cryptocurrency space.
Partnership To Drive Floki Adoption
Reportsย by the official statement released, DWF Labs has invested $5 Million by purchasing FLOKI cryptoย tokens from the Floki Treasury. Leveraging its extensive network and resources, the financing company will work alongside the Floki team to accelerate the adoption of the FLOKI cryptoย token and its brewing ecosystem.
Read More: Binanceย Cryptoย exchange Launches Non-Fungibleย Tokenย (NFT) Lending Feature To Rival Blurโs Blend Protocol
The partnership with DWF Labs marks a wholeย lotย of milestone for the Floki project as it intendsย to outgrow competitors like Dogecoinย (DOGE) and Shibaย Inuย (SHIB) to setย up itself as the most broadly used memecoin. Althoughย while speaking about theย pastย few development, the team inย chargeย of the Memeย Coin project โ valued at approximately $305 Million โ expressed theย next statement:
This partnership will be especially invaluable in helping accelerate Floki adoption in institutional circles.
Floki Eyes Growth In Institutional Demand
Alongย with this, the financing company has likewise expressed strong interest in purchasing additional FLOKI cryptoย tokens in the future owingย to their company belief in Flokiโs potential in disrupting the cryptocurrencyย market Reportsย by DWFโs website, the company describes itself as a worldwide digital investment market maker and multi-stage Webย 3.0 financing company with offices in Singapore, Switzerland, British Virgin Islands,ย United Arab Emirates, South Korea and Hong Kong.
The Floki team is confident that this strategic partnership will drive institutional demand for the FLOKI cryptoย token and expandย the overall Floki ecologicalย system. Althoughย while taking a dig at its rival counterparts, the team indicatedย that the partnership was a privilege that numerous memecoins doย not โenjoyโ โ thus emphasizing theย capacity for sustained growth and mainstream adoption.
As the memecoin season persistsย to captivate investors, projects like Floki Inu and the support they receive from established financing corporations further blur the lines betwixt traditional finance and the rapidly evolving world of cryptocurrencies.
In the wake of this cryptocurrency news, the price of Floki gained by 0.71 percent in the past 24 hours as compared to a fall of 2.90 percent recorded over the pastย week. Atย theย timeย ofย publication, the FLOKI cryptoย token is asย ofย now exchanging hands at $0.0000314.
