It's been a month since the launch of DWF Labs's Cloudbreak Fund, in which we’ve pledged $20M USD to support promising Web3 projects within Chinese-speaking regions. With over 90 project submissions in just the past four weeks, the fund is well on its way to fostering innovation and providing crucial market-making (MM) support to Chinese-speaking founders and projects seeking support with their liquidity and ecosystem growth.
As the new generation Web3 investor and market maker, we provide financial backing to our stellar portfolio of over 700+ projects, including 20% of the top 100 projects ranked on CoinMarketCap, and 44% of the top 1000 projects ranked by the same. Our work with Web3 projects and founders in these regions extends beyond financial backing and market-making. We understand that sustainable growth for projects requires personalised and comprehensive support. This is why we have a dedicated team providing 24/7 support. This has enabled DWF Labs to grow rapidly, granting us the title of Bybit’s Top Liquidity Provider in 2023; amongst other accolades.
DWF Labs has long been a supporter of projects from Chinese-speaking regions, with some examples being Mask Network and Yuliverse; to name a few. Besides substantial investments in Mask Network, which went towards bolstering its ecosystem and market presence, we’ve also helped to further its scalability and reach by facilitating the integration of its social protocols on TON. Additionally, our partnership with Yuliverse, a gaming social metaverse platform, also helped expand its capabilities and influence through introductions within our vast network and dedicated portfolio support.
The Cloudbreak Fund was established to further provide liquidity and support to burgeoning Chinese-speaking projects in the Web3 space. The initial response has been overwhelmingly positive, with Andrei Grachev, Managing Partner at DWF Labs, expressing gratitude for the community's engagement. "We are grateful for the community's support. The proactive engagement from so many projects reassures us that we are on the right path to build and grow together. Over the past weeks, we have focused on enhancing our services with a broader range of offerings, especially in market-making deals, striving to add value and establish long-term partnerships with our projects," said Grachev.
The Cloudbreak Fund will nurture groundbreaking initiatives in the realms of GameFi, SocialFi, Memecoins, DeFi, AI, and Layer 1/Layer 2 infrastructure projects. This provides outstanding projects the resources needed to realise their fullest potential.
Chinese-speaking projects 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.
We are committed to fostering innovation and growth in the Web3 space, and look forward to building with you in your growth journey.
Apply for the Cloudbreak Fund here: https://www.dwf-labs.com/cloudbreak
