DWF Labs unveils $20 million fund for Chinese-speaking Web3 projects

DWF Labs has launched the $20 million Cloudbreak Fund to help Web3 initiatives in Chinese language-speaking areas. The fund goals to put money into promising initiatives throughout GameFi, SocialFi, meme cash, derivatives, and blockchain infrastructure initiatives.

“Tasks in Chinese language-speaking areas have skilled great development in latest months,” mentioned Andrei Grachev, Managing Companion at DWF Labs. “To satisfy this want, Cloudbreak was created, a fund designed to unlock the potential of rising initiatives in Chinese language-speaking areas.”

This initiative follows DWF Labs’ latest partnership with DMCC to supply a $5 million development platform for Web3 and blockchain companies within the MENA area.

DWF Labs is a Web3 investor and market maker providing monetary backing and entry to over 700 initiatives. The corporate supplies liquidity companies, pockets integrations, hackathons, funding initiatives, and grant packages for numerous blockchains together with TON, Algorand, Gala Chain, and Klatyn.

Based on information aggregator DefiLlama, the newest funding of DWF Labs was directed at Zentry, a SocialFi and GameFi entity. Notably, over 50% of all their investments are centered on layer-1 blockchains, gaming, and decentralized finance functions.