DWF Labs is proud to announce the launch of the Cloudbreak Fund, a groundbreaking initiative aimed at supporting and empowering promising projects and founders in Chinese-speaking regions. With a total investment of $20 million, this fund will provide substantial financial resources and strategic support to projects in various sectors, including GameFi, Derivatives, SocialFi, Memecoins, and Layer 1/Layer 2 infrastructure.
The Cloudbreak Fund represents DWF Labs’ strong commitment to fostering and promoting Web3 innovation. It offers a unique opportunity for localized projects in Chinese-speaking areas to showcase their ideas to the world and further advance the utilization of Web3 technology. By supporting these projects, the fund will help them accelerate their growth and establish a strong presence in the Web3 ecosystem.
Andrei Grachev, the Managing Partner at DWF Labs, expressed his admiration for the culture and hardworking nature of founders in Chinese-speaking regions. He emphasized the significant growth potential of projects in these areas and the need for continuous support and development. In response to this, the Cloudbreak Fund was created to empower new projects and enable them to realize their full potential in the Chinese-speaking markets.
Drawing on its extensive experience in Web3 investment and market making, DWF Labs offers not only capital support but also a partner list of over 700 projects. As one of the industry’s leading liquidity providers, DWF Labs is well-equipped to assist projects interested in tokenization, providing them with the necessary resources and expertise to succeed.
The Cloudbreak Fund is a testament to DWF Labs’ global commitment to Web3. Having been recognized as the Best Liquidity Provider by Bybit in 2024, DWF Labs has established itself as a trusted authority in the industry. With its comprehensive suite of services, including wallets, hackathons, funding, and grant programs, DWF Labs ensures that projects receive full coverage and support for their ongoing development.
Earlier this year, DWF Labs reaffirmed its confidence in the MENA region by signing the DMCC deal, which introduced a $5 million USD growth fund for web3 and blockchain firms. The Cloudbreak Fund further underscores DWF Labs’ dedication to fostering innovation and driving advancements in the Web3 space. By focusing on projects in Chinese-speaking markets, the fund not only enables localized efforts but also paves the way for global expansion and the creation of new use cases for Web3 technology.
Tags: Web3
