“The Other Angle”: LBank Labs Reveals New Investment Strategy

Venture capital and blockchain accelerator LBank Labs aims to establish its investment thesis of “Platform, Standard, Ecosystem” as a household term in the industry. Global crypto exchange LBank revealed its 100 million USDT investment arm towards the end of last year.

LBanks Labs created a fund of 100 million Attached (USDT) in late October 2022. Since then, the venture capital arm has been looking for viable blockchain startups, entrepreneurs, and communities to fund in order to facilitate broader blockchain growth and crypto adoption.

Czhang Lin, angel investor and a key Labs board member, revealed this week that Labs will roll with the tagline “The Other Angle.” “He embodies our view of the blockchain industry and investment. We are equipped with a different view of identifying promising projects and the entire ecosystem as a whole,” Lin said. .

Labs’ unique investment thesis was later dubbed the “Platform, Standard, Ecosystem” proposition. This eclectic strategy breaks with traditional views of the blockchain industry, which divide the space into a technology-centric paradigm (layers), supply chain domains (mining, exchanges, financial products, media, etc.) or sectors (ChallengeGameFi, NFT, etc).

“The real value extraction is in startups that have the potential to provide a cutting-edge platform, which can set an industry or legal standard and can thrive in a living ecosystem hosting third-party applications. These platforms include a Web3 ideology suitable for open collaborations, where users and projects can interact quickly” Lin explains.

The crypto pioneer believes that in future bull runs, the smart money will go to startups that successfully tick these cross-industry boxes.

Apart from venture capital, LBank Labs will also be committed to increasing educational awareness around blockchain technology, cryptocurrencies and Challenge 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 or access the incubation of their startups.