MDT, short for Measurable Data Token, has announced its strategic partnership with DWF Labs. The announcement comes based on the mutual mission of powering the future through a perfect blend of data and Artificial Intelligence. Together, they will help drive the adoption of decentralized data value for AI.
DWF Labs is now tasked with injecting liquidity into the ecosystem of MDT, along with some financial support. MDT gains largely from this as it enables the team to look into the expansion across the globe – in parts, if not entirely together. MDT has been eyeing such a footprint with an accelerated growth trajectory.
Moreover, MDT is likely to roll out a couple of new products and services.
Heatherm Huang, the Co-Founder of MDT, has expressed confidence in the partnership by saying that they are now a step closer with the assistance from DWF Labs. This refers to achieving the mission of a value-creation economy that is powered by blockchain technology.
Huang has shed some light on their own achievements as well. The Co-Founder has said that they have been able to successfully distribute data-sharing rewards to approximately 650k users of the ecosystem. Their purchase value amounted to over $130 million through 2 million+ anonymous transactional e-receipts data points.
Andrei Grachev, the Managing Partner of DWF Labs, has highlighted the importance of data in DeFi, which is decentralized finance. Andrei has said that such a type of data fuels the industry while also providing valuable insights to help train Artificial Intelligence better. Once trained, the technology is able to refine, enrich, and enhance the usability of data.
This drives perpetual innovation, said Andrei while calling the relationship between AI and data symbiotic.
MDT is an ecosystem for value creation wherein users are rewarded for sharing anonymous data points. MDT enables a secure exchange of data while ensuring anonymity on the blockchain.
DWF Labs is an investment firm and a digital asset market maker. It has a history of supporting companies in a wide variety of activities ranging from getting their tokens listed to market-making.
Interestingly, this is an update that has come after a long time from MDT. The last update was about rewarding the community members with their favorite Gift Card with 500 $MDT as a giveaway reward. It was accessible to the top 10 winners on the list between June 01, 2022, and June 07, 2022. The event was titled Reward Me This!, and it earned MDT a great deal of engagement with the community.
Despite having a longer gap between announcements, MFT has made sure that it comes up with updates that ultimately benefit the community. The one with DWF Labs aligns with this thought as it empowers the data value creation ecosystem for Artificial Intelligence.
Moving forward, DWF Labs and MDT will look to stand true to their agreed terms for the strategic partnership. Thereby ensuring liquidity and a positive growth trajectory.
Source: https://www.cryptonewsz.com/mdt-announces-partnership-with-dwf-labs/