DWF Labs, an investor and market maker in the Web3 space, has launched a new fund supporting Web3 projects in China and other Chinese-speaking regions. The fund, which totals $20 million, is bullish on blockchain technology despite the recent cryptocurrency market downturn.
With the Cloudbreak Fund, promising Web3 projects will be accelerated by financial backing and strategic resources. Localized projects can also be brought to a global audience through mentorship, access to DWF’s network of over 700 partners, and potential assistance.
“Projects in Chinese-speaking regions have experienced tremendous growth in recent months and require dedicated support to realize their full potential,” said Andrei Grachev, Managing Partner of DWF Labs. “The Cloudbreak Fund emphasizes our commitment to fostering innovation and growth within the Web3 ecosystem.”
Several critical areas of Web3 will be targeted by the fund, including:
Finance for gaming (GameFi)
Finance for Social Good (SocialFi)
The meme coin
The derivatives market
Projects based on layer-1 and layer-2 blockchains
Despite a volatile cryptocurrency market, DWF Labs supports Web3 projects and founders in Chinese-speaking regions.
