HomeNEWSDWF Labs launches $20 million funding in Chinese-speaking regions

DWF Labs launches $20 million funding in Chinese-speaking regions


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Popular market maker and Web3 firm has unveiled its $20 million investment to assist emerging projects and developers in Chinese-based jurisdictions. In a Thursday Twitter post, DWF Labs revealed that the strategic investment, known as Cloudbreak Fund will be tailored towards empowering initiatives across various spheres within various niches in the Chinese digital economy.

This includes gaming, meme coins, derivatives, layer 1 or layer 2 blockchain techs, and many more. That said, Chinese-based regions covered in the strategic funding are Hong Kong, China, Macao, Taiwan, and Singapore. DWF Labs says its launch of Cloudbreak Fund reflects its commitment to supporting the growth of the bustling Web3 ecosystem.

According to the renowned market maker, Web3-based niches like gaming finance are mature enough for innovation, adding that blockchain tech provides a new way for players to monetize their gaming skills and enhance the overall experience.

The Web3 gaming sector has been experiencing massive growth since the start of the year, attracting more funding. Earlier, one blockchain gaming firm, Immutable partnered with Polygon Labs to launch a $100 million gaming fund. More so, Andreessen, a Silicon Valley VC firm has also invested $30 million in emerging gaming projects.

DWF Labs commits to supporting emerging Web3 projects

Meanwhile, in recent years, DWF Labs has built a solid reputation for providing financial support to new projects in the Web3 space. One of its latest investments is in Milady Meme Coin (LADYS). According to reports, DWF Labs invested $5 million in Milady to activate new opportunities for the project to expand its ecosystem and improve its offering. In an announcement, DWF Labs emphasized its lofty ambition to onboard millions of users to Web3. It said it will continue to empower projects that possess potential and strong community-centric strategies.

More so, as part of its efforts to drive the next generation of the Web3 space, DWF Labs recently partnered with Credefi Finance. Through the collaboration, the market maker will leverage its industry resources to help CredeFi improve its market appeal.

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Dare Ibitoye
Dare Ibitoye
Over the years, Dare has been a committed reporter in the field of cryptocurrencies. He is also interested in researching about the innovative projects within the blockchain space. During his spare time, Dare loves to listen to music and read about technological trends in the contemporary world

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