2024

Monad

Berachain

Partner

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/dwf-labs-introduces-20m-cloudbreak-fund" data-wpel-link="internal" rel="noopener noreferrer nofollow">DWF Labs Introduces $20M Cloudbreak Fund</a><br></p>
<p style="text-align: justify">DWF Labs has unveiled the $20 million Cloudbreak Fund to assist <a href="https://en.bitcoinhaber.net/hong-kong-positions-itself-as-a-web3-technology-pioneer" data-wpel-link="internal" rel="noopener noreferrer nofollow">Web3</a> pioneers in Chinese-speaking regions. The fund aims to bolster initiatives within the Web3 landscape, covering areas like GameFi, SocialFi, Memecoins, Derivatives, and Layer-1/Layer-2 infrastructure. The goal is to equip these projects with essential resources and backing to help them reach their full potential.</p>
<h2 id="what-drives-this-support">What Drives This Support?</h2>
<p style="text-align: justify">Andrei Grachev, Managing Partner at DWF Labs, emphasized the inspiration behind the fund and his admiration for the founders in these regions. Since 2018, DWF Labs has been working with these innovators, witnessing substantial growth in their ventures recently. This development underscores the critical need for the specialized aid that the Cloudbreak Fund aims to provide.</p>
<p style="text-align: justify">Establishing the Cloudbreak Fund marks a calculated effort by DWF Labs to harness the inventive potential in these areas. With a robust network of over 700 projects and accolades such as Bybit’s Best Liquidity Provider of 2024, DWF Labs is strategically positioned to support these endeavors.</p>
<h2 id="why-is-venture-capital-interest-growing">Why Is Venture Capital Interest Growing?</h2>
<p style="text-align: justify">The fund’s launch aligns with a surge in venture capital (VC) interest in Web3. The first quarter of 2024 saw a 55% uptick in total <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investments</a> in Web3 companies compared to the previous quarter, indicating renewed enthusiasm from VCs. Notably, there was a 36% increase in the number of Web3 VC investment deals, with many focusing on <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">artificial intelligence</a> and gaming-related protocols.</p>
<p style="text-align: justify">This heightened interest is further evidenced by significant funding rounds in the sector. For example, Paradigm announced a $225 million round for Monad Labs to develop a new Layer-1 Blockchain network, and Berachain secured $42 million in a Series B round. Additionally, 0G Labs raised $35 million in a pre-seed round, concentrating on data availability Blockchain for AI protocols.</p>
<h2 id="key-takeaways-for-innovators">Key Takeaways for Innovators</h2>
<p style="text-align: justify">– Chinese-speaking Web3 projects have a unique opportunity for growth with the Cloudbreak Fund’s specialized support.<br> – Increased VC interest in Web3 can open new avenues for funding and partnerships.<br> – Collaboration with DWF Labs could leverage their extensive network and industry recognition for project advancement.</p>
<p style="text-align: justify">In conclusion, DWF Labs’ $20 million Cloudbreak Fund presents a significant opportunity for Web3 innovators in Chinese-speaking regions. With tailored support and an evident rise in venture capital interest, these projects are well-positioned to thrive and achieve their potential in the expanding Web3 ecosystem.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/dwf-labs-introduces-20m-cloudbreak-fund" data-wpel-link="internal" rel="noopener noreferrer nofollow">DWF Labs Introduces $20M Cloudbreak Fund</a></h5>

DWF Labs Introduces $20M Cloudbreak Fund

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