LBank Labs establishes Blockchain and Crypto Investment Fund to support the development of Web3 in Africa
Internet City, Dubai–(Newsfile Corp. – Nov 12, 2022) – Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeting web3 development in Africa. LBank Labs plans to establish a number of regional development funds, including regions such as Korea, Southeast Asia and more. This is the first of the sequence of new investment funds from LBank Labs.
LBank announcement
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Africa is one of the areas with a lot of untapped potential for blockchain expansion. With new member Czhang on board LBank Labs, the investment institution is looking global. Czhang is currently visiting many countries in North Africa and is being followed by other regions on the continent. Throughout November, Czhang, as a representative of LBank Labs, will talk to potential African partners. “I think the future is in Africa,” Czhang said. “In terms of blockchain adoption, LBank Labs hopes to provide support to local communities and give local projects the push they need to start up.”
LBank has been pushing education efforts in the MENA region for some time, with community leaders in Nigeria, Ghana, Tunisia and more. “Africa is a diverse place. We believe that the key to blockchain development in Africa, and anywhere, is education. Giving people the tools to understand blockchain technology will help them see why it is a world-changing thing. We truly hope to have a strong bond with local people,” said a representative. LBank has also expanded into other areas, recruiting community managers in Cameroon, Kenya and so on.
About LBank Labs
LBank Labs is an independent blockchain investment institution under the top global crypto exchange LBank. LBank Labs currently has a total fund size of 50 million USDT. Registered in Asia’s crypto hub Singapore, LBank Labs includes venture capital, hedge funds and also Fund of Funds. Since its inception, LBank Labs has invested in many quality early stage public chain projects. As of 2020, LBank Labs invested in nearly 100 ecological projects.
About LBank
LBank is one of the best crypto exchanges, established in 2015. It offers its users specialized financial derivatives, expert asset management services and secure crypto trading. The platform has over 7 million users from more than 210 regions worldwide. LBank is a pioneering growing platform that ensures the integrity of users’ funds and aims to contribute to the global use of cryptocurrencies.
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LBK Blockchain Co. Limited
LBank Exchange
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