DWF Labs, a prominent investor in Web3 technologies, has introduced a $20 million Cloudbreak Fund aimed at supporting projects in Chinese-speaking regions.

This fund seeks to accelerate the growth of Web3 initiatives, focusing on sectors such as gaming finance (GameFi), social finance (SocialFi), memecoins, derivatives, and layer-1/layer-2 projects.

Managed by Andrei Grachev, the Cloudbreak Fund aims to provide substantial investments and strategic resources to foster innovation and development amid current market challenges.

DWF Labs encourages projects from Chinese-speaking regions to apply, emphasising its commitment to unlocking the potential of emerging technologies in these areas.

The fund launch emphasises DWF Labs’ dedication to bolstering the Web3 ecosystem and ensuring projects have the support needed to thrive.