LBank Labs Unveils New Investment Strategy to Identify Promising Blockchain Startups

INTERNET CITY, DUBAI, 30 January 2023, Chainwire

Venture capital and blockchain accelerator LBank Labs has revealed the unorthodox strategy driving its investment decisions. The investment arm of LBank Exchange was established with a 100 million USDT fund at the end of 2022. According to LBank Labs, the investment mission can be summed up as “Platform, Standard, Ecosystem.”

Since being spun out of LBank in October with a $100 million treasury, LBank Labs has been looking for viable blockchain startups, entrepreneurs and communities to fund to facilitate broader blockchain growth and crypto adoption.

Zhang Lin, angel investor and key member of the LBank Labs board, has revealed that the crypto-VC will roll with the slogan “The Other Angle”, explaining: “It embodies our vision regarding the industry and blockchain investment. We are equipped with a different view to identify promising projects and the entire ecosystem as a whole.”

Lab’s unique investment mission, also known as the “Platform, Standard, Ecosystem” proposition, deviates from traditional views of the blockchain industry. These typically divide the space into either a technology-centric paradigm (layers), supply chain fields (mining, exchanges, financial products, media), or sectors (DeFi, GameFi, NFT).

According to Czhang Lin: “True extraction of value lies in startups that have the potential to deliver a game-changing platform and establish an industry or legal standard, and that can flourish into a vibrant ecosystem that hosts third-party applications. Such platforms should include a web3 ideology adapted to open collaboration, where users and projects can interact quickly.”

The crypto pioneer believes that during future bull runs, smart money will flow to startups that manage to tick these cross-sectoral boxes within the industry. Besides venture capitalism, LBank Labs will also commit to raising educational awareness around blockchain technology, cryptocurrencies and DeFi in general. On January 13, the blockchain research department of Seoul-based Chung-Ang University became signed an MoU with LBank on blockchain collaboration. Budding researchers and entrepreneurs will be able to do internships at the exchange and gain access to incubation for their startups.

About LBank
LBank is one of the best crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services and secure crypto trading to its users. 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.

Start shopping now: lbank.com

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LBK Blockchain Co. Limited
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