Singapore, Thursday, July 11, 2024 – Trading firm DWF Labs announced on July 4 the launch of a $20 million USD Cloudbreak Fund focusing on investing in upcoming projects and founders in Chinese-speaking regions.
The projects based on GameFi, SocialFi, Memecoins, Derivatives, Layer1/2 infrastructure projects, and AI projects will be fostering with the Cloudbreak Fund.
The resources required for the sustainability of those projects will be contributed by the funding.
“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,” Andrei Grachev, Managing Partner at DWF Labs, commented.
Projects expected to operate under the above sections within Chinese-speaking regions are warmly invited to apply for this funding, a press release read.
As a Web3 investor and market maker, DWF could handle the financial background by assisting the projects, followed by tokenization.
The commitment of DWF as a prominent liquidity provider is indicated via the hackathons, funding initiatives, and grant programs hosted on the Web3 landscape, collaborating with the blockchains of TON, Algoranda, and Gala Chain.
Beyond that, this funding would also be accelerated to foster Web3 space.
DWF blog post can be accessed here: 1
- https://www.dwf-labs.com/dwf-news/415-dwf-labs-launches-20-million-cloudbreak-fund-to-support-outstanding-web3-projects-in-chinese-speaking-regions [↩]
