DWF Labs unveils $20 million fund for Chinese-speaking Web3 projects
Key Takeaways
- DWF Labs launches $20 million Cloudbreak Fund for Web3 projects in Chinese-speaking regions
- Fund targets GameFi, SocialFi, Memecoins, Derivatives, and Layer 1/Layer 2 infrastructure projects
DWF Labs has launched the $20 million Cloudbreak Fund to support Web3 projects in Chinese-speaking regions. The fund aims to invest in promising initiatives across GameFi, SocialFi, meme coins, derivatives, and blockchain infrastructure projects.
“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,” said Andrei Grachev, Managing Partner at DWF Labs. “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.”
This initiative follows DWF Labs’ recent partnership with DMCC to offer a $5 million growth platform for Web3 and blockchain businesses in the MENA region.
DWF Labs is a Web3 investor and market maker offering financial backing and access to over 700 projects. The company provides liquidity services, wallet integrations, hackathons, funding initiatives, and grant programs for various blockchains including TON, Algorand, Gala Chain, and Klatyn.
According to data aggregator DefiLlama , the latest investment of DWF Labs was directed at Zentry, a SocialFi and GameFi entity. Notably, over 50% of all their investments are focused on layer-1 blockchains, gaming, and decentralized finance applications.
