Key points
Yzi Labs has announced a new investment in Plum Network to support the Rwafi ecosystem. The announcement has triggered a significant increase in the price of the project token, plumes. Yzi Labs has invested in Network plumes, boosting the price of the digital project of the project. Network plumes is a fully integrated modular blockchain built for RWAS. Yzi Labs, previously known as Binance Labs, invests in web3 projects, AI and Biotech.
The Yzi Labs investment in the Network plume
In an official X-Labs announcement, he revealed that he has invested in Network, a Modular Blockchain created especially for RWAS. This investment will support bringing Rwas on-chain to unlock capital and stimulate adoption. The plume project builds an environment compatible with EVM which: allows the integration of a various RWAS range connects RWAS in a composable Rwafi ecosystem, providing them with useful distance between Defi and traditional finances seeks to unlock the entire potential of RWAFI according to the ad, the plume mission is to create Blockchain infrastructure, as well as to Crypto institutions. Through plumes, users can access various assets, including: traditional financial instruments carbon credits alternative assets collectible in Rwafi ecosystem, users can: Change borrower gain speculation
Plumes will expand after Yzi Labs investment
Overall, plumes brings the real world on-chain, facilitating the interaction of users with RWAS just like any other crypto. Plumes had a successful test, with over 18 million wallets and partnerships with over 180 protocols. The Yzi Labs investment will help the project to expand even more, strengthening its leading position in the Rwafi ecosystem. Max Coniglio, investment director at Yzi Labs, expressed his enthusiasm to support plumes in the development of the Rwafi ecosystem. Chris Yin, co-founder and CEO of plume, expressed his gratitude for confidence in their vision and support for bringing RWAS to Crypto economy. After the announcement, the price of the plume registered a significant increase.
Plumes, up 17% today
At the time of writing this article, plumes are traded over $ 0.17, with a market capitalization over $ 338 million.
The price of the plume in USD today token had an increase of about 9% after the announcement of the Yzi Labs investment and is increasing by about 17% in the last 24 hours. On March 21, plumes will unlock about 1% of the total offer of tokens.