LBank Labs Reveals New Investment Strategy to Identify Promising Blockchain Startups CryptoBlog
INTERNET CITY, DUBAI, January 30, 2023, Chainwire
Venture capital and blockchain accelerator LBank Labs has revealed the unorthodox strategy guiding its investment decisions. The investment arm of LBank Exchange was established with a fund of 100 million USDT at the end of 2022. According to LBank Labs, its investment thesis can be summarized as “Platform, Standard, Ecosystem”.
Since separating from LBank in October with $100 million in cash, LBank Labs has sought out viable blockchain startups, entrepreneurs, and communities to fund in order to facilitate broader blockchain growth and adoption of cryptography.
Czhang Lin, angel investor and key board member of LBank Labs, revealed that the crypto VC will roll with the tagline “The Other Angle,” explaining, “It embodies our vision regarding the blockchain industry and investment. We are equipped with a different perspective to identify promising projects and the entire ecosystem as a whole.
Labs’ unique investment thesis, also known as the “Platform, Standard, Ecosystem” proposition, diverges from traditional views on the blockchain industry. These typically divide the space into a technology-centric paradigm (layers), supply chain domains (mining, exchanges, financials, media), or sectors (DeFi, GameFi, NFT).
According to Czhang Lin: “The real value extraction is in startups that have the potential to provide a game-changing platform and set an industry or legal standard and can thrive in a living ecosystem hosting third-party applications. These platforms should include a web3 ideology suitable for open collaboration, where users and projects can interact quickly. »
The crypto pioneer believes that in future bull runs, the smart money will go to startups that successfully tick these cross-industry boxes. Along with venture capital, LBank Labs will also be committed to increasing educational awareness around blockchain technology, cryptocurrencies, and DeFi in general. On January 13, the blockchain research department of Seoul-based Chung-Ang University signed a memorandum of understanding with LBank on blockchain cooperation. Researchers and budding entrepreneurs will be able to do an internship at the exchange and access the incubation of their startups.
LBank is one of the leading crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and secure crypto trading to its users. The platform has more than 7 million users from over 210 regions around the world. LBank is a growing, cutting-edge platform that ensures the integrity of user funds and aims to contribute to the global adoption of cryptocurrencies.
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