According to CoinDesk, Justin Sun, the billionaire founder of the Tron blockchain, has taken on a new role as an adviser to Donald Trump's cryptocurrency initiative, World Liberty Financial. This development was announced on Tuesday, following Sun's significant investment in the project.
Sun's involvement comes after he purchased $30 million worth of World Liberty's WLFI tokens. Prior to this acquisition, the sales of WLFI tokens had been experiencing a slowdown. World Liberty Financial expressed optimism about Sun's contribution, stating that his insights and experience will be crucial as the project aims to innovate and expand its reach.
World Liberty Financial is positioning itself as a significant player in the decentralized finance (DeFi) sector, which encompasses a range of financial services such as lending and borrowing without traditional intermediaries. The DeFi space has seen considerable interest and growth, and World Liberty is striving to establish a foothold in this dynamic ecosystem.