In a recent and unexpected market move, the PROM token experienced a meteoric rise in value, increasing by 90% shortly after an investment announcement by DWF Labs’ CEO, Andrei Grachev. The gaming NFT marketplace and rental platform, Prom, saw its token’s price surge to $14.6, reminiscent of its December 2021 performance, according to the latest figures from CoinMarketCap.

Unveiling the Potential of Gaming NFTs

Prom is revolutionizing the gaming industry with its cutting-edge non-fungible token (NFT) marketplace and rental services. This innovative platform is designed to allow players to rent gaming assets without the need for collateral. In addition, it offers a profitable opportunity for asset owners to lend out their gaming NFTs to others, creating a dynamic and mutually beneficial ecosystem.

A Strategic Move by Grachev

The investment details remain confidential, but Grachev’s commitment to holding the coins for a minimum of one year demonstrates his support for the project’s long-term vision. It’s important to note that this investment was a personal endeavor by Grachev, with DWF Labs not being involved in the transaction.

DWF Labs: A Unique Approach to Crypto Investments

DWF Labs stands out in the crowded field of crypto venture capital with its unconventional investment strategy. Rather than following traditional investment routes, DWF Labs operates in a manner akin to an over-the-counter trading desk, as reported by CoinDesk in April 2023. Their strategy involves forming “strategic partnerships” with tokenized projects, a departure from the typical investment model. Despite participating in market-making, DWF Labs maintains its holdings on centralized exchanges and denies any market manipulation or unethical practices.