July 4, 2024 – Web3 investor DWF Labs has announced the launch of a $20 million USD Cloudbreak Fund. The initiative aims to empower promising projects and founders in Chinese-speaking regions with substantial investments and strategic resources.
The Cloudbreak Fund will nurture groundbreaking initiatives in the realms of GameFi, SocialFi, Memecoins, Derivatives, and Layer 1/Layer 2 infrastructure projects, and AI projects. This will give outstanding projects the resources they need to realize their full potential.
Projects in Chinese-speaking regions operating within the above categories are invited to apply to the Cloudbreak Fund and take advantage of the opportunity to accelerate their growth and gain a foothold 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.”
As an experienced Web3 investor and market maker, DWF Labs is able to provide financial backing and a partner network of over 700+ projects. Thanks to their track record as a leading liquidity provider, DWF Labs is primely positioned to assist projects pursuing tokenization. Rated Bybit’s Best Liquidity Provider of 2024, DWF Labs oversees wallet integrations, hackathons, funding initiatives, and grant programs spanning the entire Web3 ecosystem, including blockchains such as TON, Algorand, Gala Chain, and Klatyn. Coupled with strategic brand and marketing channel distribution and a strong KOL network, DWF Labs offers holistic support for projects’ pathways to success.
Earlier this year, DWF Labs had also renewed their commitment to the MENA region by partnering with DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – to offer a new $5 million USD growth platform for Web3 and blockchain businesses.
The Cloudbreak Fund further underscores DWF Labs’s commitment to fostering innovation and growth in the Web3 space. By focusing on projects in Chinese-speaking regions, the fund will allow localized projects to bring their concept to a global audience while unlocking new use cases for Web3.
Projects and founders are invited to apply here: https://dwf-labs.com/contact/cloudbreak
