Andrei Grachev, the Vice President of DWF Labs, amplified market enthusiasm in the gaming NFT sector with his personal investment in the Prom platform, sparking a substantial 75% surge in the price of PROM tokens. This move marked a deviation from his typical investment activities, as it was done independently rather than through the market-making firm he represents.
Investment Strategy: Grachev Backs PROM
Grachev’s strategic investment in Prom, an NFT marketplace, and leasing platform, was made public through his personal social media account. Committing to a long-term support plan, Grachev has pledged not to sell his newly acquired PROM tokens for at least one year. His endorsement underlines a strong belief in the project’s potential within the crypto space.
Grachev’s Purchase Spurs PROM Market Rally
Following the investment disclosure, PROM’s market value experienced a sharp increase, reaching $14.64 per token. Although there was a minor correction, the token still exhibited an impressive 24-hour growth, trading at $12.98. The transaction details revealed by Spot On Chain indicated that Grachev’s purchase consisted of nearly 50,000 tokens, amounting to a half-million-dollar bet on the platform’s future.
Prom has positioned itself as a key player in the gaming NFT marketplace by providing a decentralized, secure environment for users. It aims to cater to the demands of gamers, NFT collectors, and the broader metaverse community. The platform’s robust vision is set to revolutionize the way participants interact within the gaming economy.
The platform’s continuous collaboration with sector specialists and its commitment to testing innovative tools showcase Prom’s dedication to advancing the NFT gaming experience. By fostering an ecosystem that supports lending, leasing, and knowledge sharing, Prom is setting a new standard for player safety and efficiency.