DWF Labs, an investor in Web3, has introduced a $20 million US Cloudbreak Fund. The purpose of this initiative is to offer substantial financial backing and strategic resources to promising projects and their founders in Chinese-speaking areas.
The Cloudbreak Fund will support innovative projects in GameFi, SocialFi, Derivatives, and Layer 1/Layer 2 infrastructure developments. This will provide exceptional projects with the necessary resources to achieve their full potential.
Projects in Chinese-speaking regions falling under the aforementioned categories are encouraged to apply for the Cloudbreak Fund. This will allow them to take advantage of the opportunity to expand rapidly and establish a presence in the web3 ecosystem.
Andrei Grachev, Managing Partner at DWF Labs, stated:
DWF Labs is an experienced Web3 investor and market maker that can offer funding support and access to a network of over 700 companies as partners. DWF Labs has become a leading liquidity provider, positioning itself well to support tokenization initiatives. DWF Labs, recognized as Bybit’s Best Liquidity Provider of 2024, is responsible for grant programs, hackathons, funding campaigns, and wallet integrations for the entire web3 ecosystem, including blockchains like TON, Algorand, Gala Chain, and Klatyn. DWF Labs offers comprehensive support for projects’ paths to success when combined with a strong KOL network, targeted brand and marketing channel distribution, and brand awareness.
Furthermore, earlier this year, DWF Labs reaffirmed their commitment to the MENA region by partnering with the Government of Dubai Authority and the world’s premier free zone, DMCC, to launch a new $5 million USD growth platform for Web3 and blockchain companies.
The Cloudbreak Fund is further evidence of DWF Labs’ dedication to promoting development and innovation in the Web3 industry. The fund will enable local companies to present their idea to a global audience while opening up new use cases for Web3 by focusing on initiatives in Chinese-speaking regions.
Founders and projects are encouraged to apply at https://www.dwf-labs.com/cloudbreak.