Deniz 
Targeting Chinese-speaking areas, Web3 investor DWF Labs has revealed the $20 million Cloudbreak Fund, meant to assist outstanding initiatives and creators.
Targeting innovative projects in GameFi, SocialFi, Memecoins, Derivatives, and Layer 1/Layer 2 infrastructure projects, this fund offers the tools required to realize full potential.
The managing partner of DWF Labs, Andrei Grachev, showed his excitement about the project. He underlined the need to help Chinese-speaking entrepreneurs promote their work ethic and culture. Saying thus: “We have been working with founders in Chinese-speaking regions since 2018. I’m personally a big fan of their culture and intense, diligent work ethic. These projects have experienced tremendous growth in recent months and require dedicated support to realize their full potential.”
Grachev underlined the recent development in these areas and the need for committed assistance to enable initiatives to reach their full potential.
Reportedly formed to fulfill this demand, the Cloudbreak Fund was meant especially to unleash the possibilities of newly launched initiatives in these fields.
DWF Labs is in a great position to help initiatives aiming for tokenization, given its partner network of over 700+ projects and its distinction as Bybit’s Best Liquidity Provider of 2024.
DWF Labs’ Impact on Web3 Ecosystem
Overseeing several projects within the Web3 ecosystem, they manage wallet integrations, hackathons, financing programs, and grant applications. Included among these are blockchains such as TON, Algorand, Gala Chain, and Klatyn.
With a 55% rise in overall investment in Web3 companies in the first quarter of 2024, venture capitalists (VCs) show a fresh interest.
A Q1 on-chain analysis indicates that the total number of Web3 VC investment deals also increased by 36% over last quarter.
The majority of the investment went into AI and gaming-related Web3 technologies, according to the study, which marks the first time in more than a year that investments have risen and points to a favorable change in VC attitude toward Web3.
The $225 million financing round Paradigm announced in April for Monad Labs highlights VC interest in Web3 even more. To rival Solana, Monad Labs is developing a fresh layer-1 blockchain network.
While 0G Labs, which concentrated on data availability blockchain for AI protocols, raised $35 million in a pre-seed round, Berachain locked in a $42 million Series B deal.
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