DWF Labs plans to purchase $50 million worth of ALGO tokens

ChainCatcher news, DWF Labs announced a partnership with the Algorand Foundation, including the purchase of $50 million worth of ALGO tokens to provide liquidity for the Algorand ecosystem. Additionally, both parties signed a memorandum of understanding aimed at allocating funds to support projects developed on Algorand in the fields of DeFi, art and music, gaming, oracle and cross-chain bridges, and infrastructure. (Source link)