Last Updated on March 1, 2023 by Bitfinsider
Conflux, a creator of Layer 1 blockchain technology, received $10 million from DWF Labs.
DWF Labs announced on Wednesday that the funding will help Conflux extend its technology and increase its customer base. Fan Long, co-founder of Conflux, verified the transaction, stating that it was finalized “recently.”
Long stated that DWF Labs purchased Conflux (CFX) tokens from the project’s team and foundation hoard and will “linearly release over time.”
He added that DWF’s “strategic funding” will aid Conflux’s network development “enormously.”
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