Million

April

Gala

Partner

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dwf-labs-launches-20-million-cloudbreak-fund-to-support-web3-innovators/" data-wpel-link="internal">DWF Labs Launches $20 Million Cloudbreak Fund to Support Web3 Innovators</a> 
DWF Labs recently announced the $20 million Cloudbreak Fund to support Web3 innovators in Chinese-speaking regions. This fund aims to support projects in various areas of the Web3 ecosystem, including GameFi, SocialFi, Memecoins, Derivatives, and Layer-1/Layer-2 infrastructure projects. Its goal is to provide these projects with the necessary resources and support to fully realize their potential. 
<h2 style="text-align: justify" id="reasons-behind-the-support">Reasons Behind the Support</h2> 
DWF Labs Managing Partner Andrei Grachev expressed the motivation behind this fund and his respect for the founders in Chinese-speaking regions. Grachev noted that DWF Labs has been collaborating with these founders since 2018 and has seen significant growth in their projects in recent months. This growth highlights the urgent need for the specialized support that the Cloudbreak Fund aims to provide. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-367837 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/dwf-labs-.png" alt="" width="511" height="507"> 
The establishment of the Cloudbreak Fund represents a strategic move by DWF Labs to leverage the innovative potential in these regions. With an impressive network of over 700 projects and recognition as Bybit’s Best Liquidity Provider of 2024, DWF Labs is well-positioned to support these projects. 
DWF Labs stands out with its comprehensive approaches, wallet integrations, hackathons, funding initiatives, and grant programs spread across the Web3 ecosystem. Collaborations have been made with significant Blockchains such as TON, Algorand, Gala Chain, and Klatyn. 
<h2 style="text-align: justify" id="increasing-venture-capital-interest-in-web3">Increasing Venture Capital Interest in Web3</h2> 
This launch comes at a time when venture capital (VC) interest in Web3 is increasing. In the first quarter of 2024, there was a 55% increase in total investment in Web3 firms compared to the previous quarter. 
This increase reflects renewed excitement from VCs, with a notable 36% rise in the number of Web3 VC investment deals. Most <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investments</a> were directed towards <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> and gaming-related Web3 protocols, indicating a positive shift in the investment landscape for Web3 technologies. 
The growing interest from venture capitalists is also supported by significant funding rounds in the sector. For instance, Paradigm announced a $225 million funding round in April for Monad Labs, focusing on developing a new Layer-1 Blockchain network to compete with <a href="https://en.coin-turk.com/solana-faces-challenges-in-the-cryptocurrency-market/" data-wpel-link="internal">Solana</a>. Additionally, Berachain raised $42 million in a Series B round, and 0G Labs, focusing on data availability Blockchain for AI protocols, raised $35 million in a pre-seed funding round. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/dwf-labs-launches-20-million-cloudbreak-fund-to-support-web3-innovators/" data-wpel-link="internal">DWF Labs Launches $20 Million Cloudbreak Fund to Support Web3 Innovators</a></h5>

DWF Labs Launches $20 Million Cloudbreak Fund to Support Web3 Innovators

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