Floki Inu Receives IDR 19.45 Billion Fund Injection From DWF Labs For Ecosystem Development

FLOKI meme coin. (Photo; Doc. CoinEdition)

JAKARTA - Floki Inu, a meme coin inspired by Elon Musk's dog, received an additional US$1.25 million (Rp 19.45 billion) in FLOKI tokens from DWF Labs, one of the largest crypto marketers in the world. This investment aims to support the growth of the Floki Inu ecosystem which combines meme elements and token utility.

This is the second investment DWF Labs has made to Floki Inu since May this year. Previously, DWF Labs had disbursed 5 million US dollars (Rp 77.8 billion) for the memecoin. With total investments reaching 6.25 million US dollars (Rp 97.25 billion), DWF Labs is committed to expanding FLOKI's accessibility to users worldwide and strengthening Floki's adoption of utility.

One form of DWF Labs' commitment is to assist the FLOKI token listing process on various crypto exchanges, so that FLOKI can be accessed by users from various countries. In addition, DWF Labs is also involved in the new Floki Inu project, namely TokenFi. TokenFi, which has a ticker "TOKEN," is a Floki partner project aimed at the tokenization industry and real-world assets (RWA) worth a projection of 16 trillion US dollars (Rp248.4 quadrillion).

Floki Inu chose DWF Labs as an exclusive market maker for TokenFi. DWF Labs will provide the innovative solutions and resources needed to achieve Floki Inu's goal of making FLOKI the most known and used digital asset in the world, as well as making TokenFi the top tokenization platform in the tokenization and RWA industries.

"DWF Labs will also provide the resources we need to be aggressive in realizing our vision of making Floki the most known and most widely used cryptocurrency and making TokenFi the top tokenization platform in the US$16 trillion projected tokenization industry," the Floki team wrote in an official statement.

For information, Floki Inu has four flagship projects, namely mine, an NFT-based metaverse that allows users to play and get prizes. Then there is FlokiFi, the DeFi platform that offers various decentralized financial products. Then there is FlokiPlaces, the NFT market and merchandise that exhibits Floki-themed digital artwork and merchandise. Finally, the University of Floki, a crypto educational platform that provides quality content and courses.