According to TechFlow, DWF Labs announced that it has received more than 90 project applications for its Cloudbreak Fund since its launch one month ago. It said it will support projects from Chinese-speaking regions such as Mask Network and Yuliverse in the long term.
In addition to making a large investment in Mask Network, DWF Labs also assisted it in integrating on TON, improving the scalability of the project. The cooperation with Yuliverse helped this gaming social metaverse platform expand its influence.
The fund has pledged to invest US$20 million to support Web3 projects in the Chinese-speaking region, covering areas such as GameFi, SocialFi, Meme Coin, DeFi, AI, and Layer 1/2 infrastructure.
As a Web3 investor and market maker, DWF Labs currently supports over 700 projects, including 20% of the top 100 and 44% of the top 1,000 projects on CoinMarketCap.
