DWF Labs, a leading investment firm in the Web3 space, has launched a $20 million Cloudbreak Fund specifically aimed at Chinese-speaking regions. The fund is designed to provide substantial investments and strategic resources to promising projects and founders in areas such as GameFi, Derivatives, SocialFi, Memecoins, and Layer 1/Layer 2 infrastructure.
By creating the Cloudbreak Fund, DWF Labs is demonstrating its commitment to supporting and promoting Web3 innovation. The fund offers local projects in Chinese-speaking regions the opportunity to showcase their ideas to the world and expand the adoption of Web3 technology. This initiative will help these projects accelerate their growth and establish a strong presence in the Web3 ecosystem.
Andrei Grachev, Managing Partner at DWF Labs, expressed admiration for the culture and work ethic of founders in Chinese-speaking regions. He emphasized that these regions have seen a recent surge in projects and require continued support and development. The Cloudbreak Fund was created to meet this need and empower new projects to fulfill their potential in the Chinese-speaking markets.
With its extensive experience in Web3 investment and market making, DWF Labs provides capital support and access to a partner network of more than 700 projects. As one of the leading liquidity providers, DWF Labs is well-equipped to assist projects interested in tokenization.
The launch of the Cloudbreak Fund further strengthens DWF Labs’ global commitment to the Web3 space. Recognized as the Best Liquidity Provider by Bybit, DWF Labs offers a comprehensive suite of services including wallet management, hackathons, funding, and grant programs within the Web3 realm. Through effective brand positioning and marketing channels, DWF Labs ensures full coverage of projects’ ongoing development.
Earlier this year, DWF Labs reinforced 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 exemplifies DWF Labs’ dedication to fostering innovative approaches and driving growth in the Web3 sector. By focusing on Chinese-speaking markets, the fund not only spurs localized efforts but also paves the way for expansion into other regions and the creation of new use cases for Web3 technology.