DWF Labs has introduced a $20 million Cloudbreak Fund aimed at supporting promising projects and founders in Chinese-speaking regions through significant investments and strategic resources. This fund is open to ventures in GameFi, Derivatives, SocialFi, Memecoins, and Layer 1/Layer 2 infrastructure.
### DWF Labs Launches Cloudbreak Fund to Boost Local Web3 Initiatives
The Cloudbreak Fund underscores DWF Labs’ commitment to advancing Web3 innovation by providing local projects the opportunity to showcase their ideas globally and enhance Web3 adoption. Targeting projects in Chinese-speaking areas within the specified categories, this fund will help them accelerate growth and establish a presence in the Web3 ecosystem.
Andrei Grachev, Managing Partner at DWF Labs, highlighted the firm’s ongoing collaboration with founders in Chinese-speaking regions since 2018. He expressed admiration for their culture and work ethic, noting a recent uptick in project development in these areas. Grachev emphasized that the Cloudbreak Fund was established to support the continued growth and potential of new projects in these regions.
Drawing on its extensive experience in Web3 investment and market making, DWF Labs offers both capital support and access to a network of over 700 projects. As a leading liquidity provider, DWF Labs is well-positioned to assist projects interested in tokenization.
### Cloudbreak Fund Reinforces DWF Labs’ Global Web3 Dedication
Recognized as the Best Liquidity Provider by Bybit in 2024, DWF Labs manages wallets, hackathons, and funding and grant programs within the Web3 domain. With comprehensive brand and marketing channel support, DWF Labs ensures projects receive holistic development assistance.
Earlier this year, DWF Labs reaffirmed its confidence in the MENA region by signing the DMCC deal, which introduced a new $5 million USD growth fund for Web3 and blockchain firms.
The Cloudbreak Fund also reflects DWF Labs’ dedication to fostering innovative and developmental approaches in the Web3 space. By focusing on projects in Chinese-speaking markets, the fund aims to facilitate localized efforts to expand globally and develop new use cases for Web3.
**Tags:**
Web3