DWF Labs Announces $20 Million Fund With Focus on Chinese-Speaking Regions

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As an analyst with extensive experience in the Web3 industry, I’m thrilled to see DWF Labs launching the $20 million Cloudbreak Fund. This initiative underscores their unwavering commitment to supporting projects and founders in Chinese-speaking regions, a community that has shown remarkable growth in recent months.

Expert: DFW Labs, a prominent player in the Web3 space, has unveiled a new $20 million fund named Cloudbreak. This substantial investment initiative is designed to support budding projects and entrepreneurs based in Chinese-speaking areas, providing them with vital financing and infrastructure resources.

$20 million Cloudbreak Fund by DWF Labs kicks off with Chinese-speaking community in focus

As a Web3 analyst at DWF Labs, I’m thrilled to announce the establishment of our new fund, Cloudbreak Fund, with an initial investment of $20 million in liquidity. Our primary focus is on nurturing blockchain-based projects in Chinese-speaking regions, expanding the reach of Web3 technology across various sectors.

DWF Labs continues to be a devoted backer of the Web3 sector despite market volatility. To underscore our dedication, we’re introducing the $20 million USD Cloudbreak Fund. This initiative aims to provide significant financial support and strategic guidance to budding Chinese-speaking region projects and their founders.

— DWF Labs (@DWFLabs) July 4, 2024

As a analyst, I would rephrase it as follows: In my role as an analyst, I’m excited to share that the Cloudbreak Fund is committed to fostering innovative endeavors within the realms of GameFi, SocialFi, meme coins, derivatives, and layer-1/layer-2 infrastructure projects. By providing these projects with essential resources, we aim to help them reach their full potential and make a significant impact in the crypto space.

Invitation for Chinese-region projects in the designated sectors to join the Cloudbreak Fund and leverage this chance to boost development and establish a presence in the Web3 community.

Andrei Grachev, the Managing Partner at DWF Labs, underscores the significance of this new undertaking for the upcoming group of tech innovators and community creators in designated areas.

I’ve had the privilege of collaborating with founders in Chinese-speaking areas since 2018. I’m deeply drawn to their rich culture and unwavering work ethic. Recently, projects in these regions have experienced remarkable growth. To help them reach their full potential, I established Cloudbreak – a dedicated fund specifically tailored for nurturing emerging projects in Chinese-speaking regions.

Starting from the first quarter of Q3 in 2024, DWF Labs has been supporting financially and connecting partners for over 700 initiatives spanning all major areas of Web3 technology.

DWF Labs reaffirms its commitment to Web3 progress support in various regions

DWF Labs holds a strategic role in facilitating tokenization projects due to its recognition as Bybit’s top liquidity provider in 2024. The organization manages integrations for wallets, organizes hackathons, instigates funding initiatives, and administers grant programs across the expansive Web3 ecosystem, encompassing blockchains like TON, Algorand, Gala Chain, and Klatyn.

As a analyst, I would rephrase that statement as follows: With effective branding and marketing efforts across various channels, and a robust network of Key Opinion Leaders (KOLs), DWF Labs provides comprehensive assistance to ensure the successful journey of projects.

This year, DWF Labs reaffirmed their dedication to the MENA region by teaming up with DMCC, the renowned free zone and regulatory body overseeing commodities trade and enterprise in Dubai, to introduce a fresh $5 million USD growth program specifically tailored for Web3 and blockchain companies in the area.

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2024-07-04 17:28