DWF Labs has recently introduced the Cloudbreak Fund, a $20 million initiative designed to support projects and founders in Chinese-speaking regions. This fund, established by the market maker and Web3 investment firm, aims to back initiatives across various sectors such as gaming, social finance, meme coins, derivatives, as well as layer-1 or layer-2 blockchain technology.
Chinese-speaking regions encompass areas like Hong Kong, China, Macao, Taiwan, and Singapore. The gaming finance sector is particularly ripe for innovation, with blockchain technology providing new avenues for monetization and enhancing gaming experiences.
DWF Labs, known for its investments in the Web3 space, recently invested $5 million in the Milady Meme Coin (LADYS), showcasing its confidence in the project’s potential. This injection of funds is intended to unlock new opportunities for the project’s growth and ecosystem expansion.
Through this partnership, DWF Labs aims to foster collaboration and community engagement within the meme coin and broader Web3 landscape. This investment in LADYS reflects the firm’s commitment to supporting projects with promise and a strong community focus, paving the way for new avenues of growth and engagement.
The year 2024 is witnessing significant growth in web3 gaming, with an increase in VC investment in the space. In the previous year, funding rounds related to blockchain gaming reached an estimated $1.7 billion, with a substantial portion of funding directed towards the 270 blockchain games in development on Immutable.
Recently, King River Capital, Immutable, and Polygon Labs joined forces to launch a $100 million gaming fund. Additionally, Silicon Valley-based venture capital firm Andreessen Horowitz (a16z), founded by Marc Andreessen and Ben Horowitz, announced a $30 million investment in gaming startups for the current year.
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