blockchainreporter.net
DWF Labs has announced the launch of a $20 million Cloudbreak Fund. It aims to empower promising projects and founders in Chinese-speaking regions with substantial investments and strategic resources. The Cloudbreak Fund is open to projects in GameFi, Derivatives, SocialFi, Memecoins, and Layer 1/Layer 2 infrastructure.
DWF Labs Unveils Cloudbreak Fund to Elevate Local Web3 Ventures
This fund demonstrates that DWF Labs is serious about supporting and promoting Web3 innovation. Namely, it revolves around offering localized projects the chance to present their ideas to the world and expand the utilization of Web3. The Cloudbreak Fund is open to projects in Chinese-speaking areas that fall under the above categories. This opportunity will help them catch up on their growth and establish a foothold in the Web3 world.
Andrei Grachev, the Managing Partner at DWF Labs, stated that the firm has been working with founders in Chinese speaking regions since 2018. He said he admires their culture and hardworking nature. Grachev also stated that projects in these regions have recently demonstrated a steady increase and need an emphasis on continued support and development. To meet this need, Cloudbreak Fund was created to help new projects realize their potential in the Chinese-speaking areas.
Based on its experience in Web3 investment and market making, DWF Labs offers capital support and a partner list of more than 700 plus projects. As one of the most prominent liquidity providers, DWF Labs is ready to help projects that are interested in tokenization.
Cloudbreak Fund Enhances DWF Labs’ Global Web3 Commitment
Recognized as the Best Liquidity Provider by Bybit in 2024, DWF Labs controls wallets, hackathons, and funding as well as grant programs within the web3 scope. Together with proper brand and marketing channel positioning, DWF Labs provides full coverage of projects’ further development.
In the earlier section of this year, DWF Labs reiterated their confidence in the MENA region after signing the DMCC deal that would introduce a new $5 million USD growth fund for web3 and blockchain firms.
The Cloudbreak Fund also reflects DWF Labs’ promise to foster innovative and developmental approaches in the Web3 space. The approach of focusing on the projects that are located in the markets that speak Chinese implies that the fund will enable localized efforts to expand to other regions of the globe and build new use cases for web3.