thenewscrypto.com
DWF Labs, a Web3 investor, has announced the establishment of a $20 million US Cloudbreak Fund. The initiative seeks to provide significant financial support and strategic resources to promising projects and their founders in Chinese-speaking regions.
Groundbreaking projects in the fields of GameFi, SocialFi, Derivatives, GameFi, and Layer 1/Layer 2 infrastructure developments will be supported by the Cloudbreak Fund. This will provide exceptional initiatives with the necessary resources to reach their maximum potential.
Applications for the Cloudbreak Fund are welcome from projects in Chinese-speaking regions that fall into the aforementioned categories. By doing so, they may capitalize on the chance to expand quickly and establish a presence in the web3 ecosystem.
Andrei Grachev, Managing Partner at DWF Labs, said:
“We have been working with founders in Chinese-speaking regions since 2018. I’m personally a big fan of their culture and intense, diligent work ethic. Projects in Chinese-speaking regions have experienced tremendous growth in recent months and require dedicated support to realize their full potential. To meet this need, Cloudbreak was created, a fund designed to unlock the potential of emerging projects in Chinese-speaking regions.”
DWF Labs is a seasoned Web3 investor and market maker that can provide funding support and access to a network of more than 700 companies as partners. DWF Labs has established itself as a premier liquidity provider, making them well-positioned to support tokenization initiatives. DWF Labs, named Bybit’s Best Liquidity Provider of 2024, is in charge of grant programs, hackathons, funding campaigns, and wallet integrations for the whole web3 ecosystem, which includes blockchains like TON, Algorand, Gala Chain, and Klatyn. DWF Labs provides comprehensive assistance for projects’ paths to success when combined with a strong KOL network, targeted brand and marketing channel distribution, and brand awareness.
In addition, earlier this year, DWF Labs reaffirmed their commitment to the MENA region by teaming up with the Government of Dubai Authority and the world’s premier free zone, DMCC, to launch a new $5 million USD growth platform for Web3 and blockchain companies.
The Cloudbreak Fund serves as another evidence of DWF Labs’ dedication to promoting development and innovation in the Web3 industry. The fund will enable localized companies to communicate their idea to a worldwide audience while opening up new use cases for Web3 by concentrating on initiatives in Chinese-speaking regions.
Founders and projects are welcome to apply at https://www.dwf-labs.com/cloudbreak.