DWF Labs launches $20M fund for Web3 projects in China

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DWF Labs launches $20M fund for Web3 projects in China
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DWF Labs launches a $20M Cloudbreak Fund to support Web3 projects in Chinese-speaking regions, focusing on sectors such as GameFi and SocialFi.

DWF Labs, a Web3 investor and market maker, has launched a $20 million Cloudbreak Fund to support Web3 projects and founders in Chinese-speaking regions.

Andrei Grachev, Managing Partner at DWF Labs, explained the rationale behind the establishment of the Cloudbreak Fund: Chinese-speaking regions operating within these sectors are encouraged by DWF to apply for the Cloudbreak Fund to receive the resources needed “to realize their full potential.” Explaining about the decision to launch the Cloudbreak Fund at a time of market turbulence, Grachev said:

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