Web3 market maker and investor DWF Labs has launched a $20 million fund to support Web3 projects in Chinese-speaking regions. This initiative, named the Cloudbreak Fund, aims to provide substantial investments and resources to advance groundbreaking Web3 projects.

The fund will focus on several key areas, including GameFi, SocialFi, Memecoins, Derivatives, and Layer 1/Layer 2 infrastructure projects. DWF Labs aims to help innovative projects achieve their full potential by targeting these areas.

"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," stated Andrei Grachev, Managing Partner at DWF Labs. 

Grachev emphasized the importance of supporting these projects, which have seen tremendous growth recently. 

Worth noting, that the Chinese government remains committed to other aspects of the emerging economy despite its ban on crypto trading, mining, and other activities. Further, the launch of a Bitcoin Exchange-Traded Fund (ETF) in Hong Kong positively impacted China.

DWF Labs’ Expertise and Experience

DWF Labs has reportedly worked with founders in Chinese-speaking regions since 2018. With an established network of over 700 partner companies, DWF Labs provides liquidity to its network of Web3 investors and market makers. 

Last May DWF Labs announced plans to deploy capital into memecoins. 

“We are in talks with a few memecoins and willing to deploy a large amount of funds in order to let them grow faster and efficient,” said Andrei Grachev on X.

The firm has been in partnership with Floki for over a year, facilitating its inclusion on major exchanges and forging relationships with industry giants. DWF Labs’ support has been instrumental in Floki's significant milestones and achievements.

For the Floki ecosystem, DWF Labs has committed over $20 million in Floki tokens.