DWF Labs Unveils $20M Cloudbreak Fund for Web3 Innovations in China

DWF Labs launches the $20M Cloudbreak Fund to support Web3 projects in China, targeting GameFi, SocialFi, meme coins, derivatives, and layer-1/layer-2 projects.

DWF Labs, a prominent Web3 investor and market maker, has announced the launch of the $20 million Cloudbreak Fund. This fund aims to bolster the growth of Web3 projects and founders within Chinese-speaking regions, providing substantial investments and strategic resources.

DWF Labs Launches $20M Cloudbreak Fund to Boost Web3 Projects in China

Key Points:

Fund Launch:

• DWF Labs has introduced the $20M Cloudbreak Fund.

• Aimed at supporting Web3 projects in Chinese-speaking regions.

Target Sectors:

• The fund will focus on GameFi, SocialFi, memecoins, derivatives, and layer-1/layer-2 projects.

• Encourages projects in these sectors to apply for funding.

Strategic Goals:

• Designed to unlock the potential of emerging Web3 projects.

• Aims to reinvigorate projects during market turbulence.

Commitment to Web3:

• Aligns with DWF Labs’ commitment to the Web3 ecosystem.

• Provides necessary resources for projects to thrive despite market challenges.

Application Process:

• A thorough review of each submission by the DWF Labs team.

• Open to any Web3 project in Chinese-speaking regions.

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The $20M Cloudbreak Fund by DWF Labs represents a significant boost for Web3 projects in Chinese-speaking regions.

By focusing on key sectors and providing essential resources, this fund aims to drive innovation and growth, even amidst market downturns.

Web3 projects are encouraged to apply and take advantage of this strategic support.

Source: Cointelegraph