- DWF Labs has invested $10M in the China based blockchain platform, Conflux.
- Conflux recently agreed to build blockchain-based SIM cards with China’s second-largest wireless carrier.
- The CFX token rose more than 8.4% after the announcement.
FinanceChina Blockchain Conflux Gains $10M Investment From DWF – an investment firm bought the blockchain’s native token after it signed a deal with China Telecom. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Partnership With China Telecom
Conflux, which recently agreed to build blockchain-based SIM cards with China’s second-largest wireless carrier, received a $10 million investment from DWF Labs, a digital asset market maker and investment firm. DWF Labs bought tokens of the China-based blockchain platform, which claims to be the only crypto company with approval to operate in the country after the government banned all crypto products in 2021.
CFX Token Rise After Announcement
A D V E R T I S E M E N TBTC$23,3861.44%ETH$1,640.460.81%BNB$298.281.82%XRP$0.377671201.07%APT$12.812.08%View All PricesA D V E R T I S E M E N TConflux’s CFX token rose more than 8.4% after the announcement was made public by Conflux on social media platforms like Twitter and Facebook as well as other online news outlets like CoinDesk who reported about this incident too.
„Conflux’s Technology“ Potential Revolutionizing Blockchain Products & Services
„Conflux’s recent partnership with China Telecom is a major milestone for the blockchain industry, and we believe that it demonstrates the potential for Conflux’s technology to revolutionize how we think about blockchain-enabled products and services,“ DWF Labs managing partner Andrei Grachev said in a statement regarding their investment into this project which could potentially unlock new doors within this sector of technologies especially when looking at its application within different sectors such as telecommunications or even banking/finance industries too!