DWF Labs’ $20 million Cloudbreak Fund has quickly gained traction, achieving remarkable progress just 36 days after its launch on July 4th.
In this short span, the fund has attracted over 90 high-quality projects, with an average of 2.5 projects joining daily. This level of participation underscores both DWF Labs’ significant influence and the challenges of financing Chinese-language projects.
1/ DWF Labs 2000万美元Cloudbreak基金斩获阶段性成果：90多个项目踊跃参与✨
自 DWF Labs 推出Cloudbreak 基金的短短四周内，已经成功吸引了90多个优质项目的踊跃参与，充分彰显了DWF Labs致力于推动华语区项目的创新和生态发展的决心和影响力。 https://t.co/qd1oFR7m5u
— DWF Labs (@DWFLabs) August 9, 2024
As a leading Web3 investor and market maker, DWF Labs has solidified its reputation in the industry. In 2023, it was honored as Bybit’s Best Liquidity Provider and has forged successful partnerships with 20% of the top 100 projects by market value on CoinMarketCap, as well as 44% of the top 1,000 projects.
DWF Labs’ Other Notable Investment In The Cryptocurrency Space
DWF Labs’ success isn’t limited to smaller, low-market-cap projects. In recent years, the firm has expanded its reach to include higher-market-cap tokens with significant narratives. Notable examples include TON (ranked 8th), FLOKI (ranked 54th), and MASK (ranked 190th). DWF’s involvement in the TON ecosystem has been particularly deep, and there are even rumors of the firm participating in market-making for the Telegram mini-game Notcoin’s $NOT token.
旅行刚结束，就看到 DWF 华语项目新基金 Cloudbreak 的数据进展✨
省流版总结
1️⃣ 基金进展：已有 90 多个项目申请参与基金，七月四号推出到现在才 36 天，日均 2.5 个项目参与，活跃度还是挺高的（也侧面佐证了华语项目融资老大难问题吧）
2️⃣ DWF 当前成绩：当选 2023 年 Bybit… https://t.co/DybbwSmuhl— Ai 姨 (@ai_9684xtpa) August 9, 2024
The Cloudbreak Fund’s swift success reflects DWF Labs’ commitment to fostering innovation and supporting the growth of projects in the Chinese-speaking region. With over 90 projects already onboard, the fund is poised to further accelerate the development of the Web3 ecosystem in this market.
DWF Labs’ ability to attract such a large number of participants in a short period highlights its strategic vision and capacity to drive the next wave of blockchain innovation. As the fund continues to grow, it will be interesting to see how these projects evolve and contribute to the broader Web3 landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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