DWF Labs Announces a $20 Million Cloudbreak Fund to Aid Web3 Projects in China.

DWF Labs launches a $20 million cloudbreak fund to aid Web3 projects in Chinese-speaking regions.

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DWF Labs $20 million Cloudbreak Fund

DWF Labs, a  Web3 investor, on Thursday announced the launch of a $20 million USD Cloudbreak Fund. The aim of the initiative is to aid Web3-promising projects and founders in Chinese-speaking regions with investments and resources.

According to the report, this initiative goes across GameFi, SocialFi, Memecoins, Derivatives, Layer 1 and Layer 2 infrastructure, and AI projects.

Andrei Grachev, Managing Partner at DWF Labs, said that since 2018 they have been working with founders from Chinese-speaking regions and that he likes their culture and work ethics.

“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. 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 said.

ELYSIA and DWF Labs Partners to Move Real-World Asset Tokenization.

On May 1, 2024, DWF Labs announced that it has partnered with ELYSIA, (a leader in the tokenization of real-world assets), to move real-world asset tokenization into the digital future.

Lim Jung-gun, CEO of ELYSIA, expressed his enthusiasm for the partnership: “As a leading RWA project in Korea, we are thrilled to build a strong ecosystem through our partnership with DWF Labs, the world’s largest Web3 company. We are committed to utilizing DWF Labs’ industry experience and network to realize ELYSIA’s vision and drive our leadership in innovative asset tokenization.”

DWF Labs said that “The partnership aims to craft groundbreaking digital token solutions and pioneer new business models, enhancing ELYSIA’s global offerings. Leveraging DWF Labs’ extensive experience and robust track record within the cryptocurrency industry, the collaboration will provide multifaceted support across marketing, business development, technical support, and network expansion.”

This partnership will broaden ELYSIA’s reach into global markets, contributing to the expansion of its ecosystem and driving innovation in digital token solutions, the report stated.

Earlier this year, DWF Labs received the Best Liquidity Provider Award at the BlLife_Forum Awards 2024. The firm announced this on their X platform, thanking their workers and partners.

DWF Labs’ launch of the $20 million Cloudbreak Fund marks a significant milestone in supporting the growth and innovation of Chinese-speaking Web3 projects. This initiative not only fosters technological advancements but also enhances collaboration within the Web3 ecosystem. As DWF Labs continues to pave the way for groundbreaking developments, the Cloudbreak Fund stands poised to empower creators and innovators, ensuring a vibrant future for the digital landscape.

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