Blockchain-based games continue to gain value from the past to the present. It is becoming apparent that major companies are becoming more willing to invest in this area day by day. In this context, a move came from DWF Labs.
Major Investment from DWF Labs
Global digital asset market maker and versatile Web3 investment company DWF Labs took a new step in the increasingly attention-grabbing game ecosystem. In this context, the company’s interest in UGC games was reflected with its strategic investment in MOBOX, which is a pioneer in Web3 games with interoperable assets.
MOBOX, which was listed through Binance Launchpool in 2021, has since led Web3 games with its community-focused platform that includes a series of games created by in-house developers and partners.
Over the past 3 years, they have acquired a fascinating and vibrant community of more than 3 million users who have continuously invested in the platform’s development.
In December 2023, MOBOX announced the alpha launch of DragonVerse Neo, a collectively created and jointly managed open world that allows the community to create its own content and decide on the development and future of the world.
DragonVerse Neo marks a significant milestone in MOBOX’s tremendous transition process that signifies its focus on creating open, sustainable, and evolving economies through community-centered UGC game production.
DWF Labs explained the matter as follows:
DWF Labs’ investment will support MOBOX’s growth in providing more liquidity across various exchanges, creating synergy between portfolios, expanding regional key partnerships, and collaborating in PR and offline events.
DWF Labs Managing Partner Andrei Grachev said:
Our investment in MOBOX reflects our belief in the potential of a gaming platform driven by user-generated content. MOBOX’s commitment to combining UGC games with blockchain technology empowers both creators and players and aligns with our vision of decentralized gaming.
MBOX Price Experiences a Surge
It is observed that DWF Labs’ recent investments have significant effects on the price movements of projects. This price effect did not skip MBOX. The native token of MOBOX, MBOX, began to rise following the news.
The MBOX price jumped from $0.32 to over $0.35 in a 15-minute period but then slightly retracted to $0.34. This price movement indicated a 10% price movement that occurred within minutes.
The trading volume of MBOX also increased by 191% in the last 24 hours, reaching $33.6 million. The overall market cap saw a 24% increase to $84 million, ranking it 397th in the market.
